<SEC-DOCUMENT>0000004457-13-000016.txt : 20130605
<SEC-HEADER>0000004457-13-000016.hdr.sgml : 20130605
<ACCEPTANCE-DATETIME>20130605163947
ACCESSION NUMBER:		0000004457-13-000016
CONFORMED SUBMISSION TYPE:	10-K
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20130331
FILED AS OF DATE:		20130605
DATE AS OF CHANGE:		20130605

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERCO /NV/
		CENTRAL INDEX KEY:			0000004457
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-AUTO RENTAL & LEASING (NO DRIVERS) [7510]
		IRS NUMBER:				880106815
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0526

	FILING VALUES:
		FORM TYPE:		10-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11255
		FILM NUMBER:		13894689

	BUSINESS ADDRESS:	
		STREET 1:		1325 AIRMOTIVE WAY STE 100
		CITY:			RENO
		STATE:			NV
		ZIP:			89502
		BUSINESS PHONE:		7756886300

	MAIL ADDRESS:	
		STREET 1:		1325 AIRMOTIVE WAY
		STREET 2:		SUITE 100
		CITY:			RENO
		STATE:			NV
		ZIP:			89502

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERCO
		DATE OF NAME CHANGE:	19770926
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-K
<SEQUENCE>1
<FILENAME>March201310KReport.htm
<DESCRIPTION>MARCH 31, 2013 10-K
<TEXT>
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            <p style="margin:0pt; text-align:center; border-top-style:double; border-top-width:1.5pt; border-top-color:#000000"><a name="_CSF_TOC_1"></a><a name="_DMBM_303"></a><a name="EDGAR_PAGE_START1"></a><font style="font-family:Arial; font-size:12pt; font-weight:bold; text-transform:uppercase; letter-spacing:1pt">United States Securities and exchange commission</font></p>
            <p style="margin:0pt 0pt 10pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold">Washington</font><font style="font-family:Arial; font-size:11pt; font-weight:bold">, D.C. 20549</font></p>
            <p style="margin:0pt 0pt 10pt; text-align:center; line-height:115%; font-size:14pt"><font style="font-family:Arial; font-size:14pt; font-weight:bold">Form 10-K</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">(Mark One)</font></p>
            <p style="margin:0pt 0pt 10pt 18pt; text-indent:-18pt"><font style="font-family:Arial; font-size:9pt; text-transform:uppercase">[X]Annual Report Pursuant to Section 13 or 15(</font><font style="font-family:Arial; font-size:9pt; text-transform:none">d</font><font style="font-family:Arial; font-size:9pt; text-transform:uppercase">) of the securities exchange act of 1934.</font></p>
            <p style="margin:0pt 0pt 10pt; text-align:center"><font style="font-family:Arial; font-size:8pt">For the fiscal year ended March 31, 2013</font></p>
            <p style="margin:0pt 0pt 10pt; text-align:center"><font style="font-family:Arial; font-size:9pt">or</font></p>
            <p style="margin:0pt 0pt 10pt 18pt; text-indent:-18pt"><font style="font-family:Arial; font-size:9pt; text-transform:uppercase">[ ]Transition report pursuant to section 13 or 15(</font><font style="font-family:Arial; font-size:9pt; text-transform:uppercase">d</font><font style="font-family:Arial; font-size:9pt; text-transform:uppercase">) OF THE SECURITIES EXCHANGE ACT OF 1934.</font></p>
            <p style="margin:0pt 0pt 10pt; text-align:center"><font style="font-family:Arial; font-size:8pt">For the transition period from</font><font style="font-family:Arial; font-size:8pt"> </font><font style="font-family:Arial; font-size:8pt">__________________ </font><font style="font-family:Arial; font-size:8pt">to</font><font style="font-family:Arial; font-size:8pt"> _________________</font><font style="font-family:Arial; font-size:8pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>
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                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Registrant</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">, State of&#160; Incorporation </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Address and Telephone Number</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt">1-11255</font></p>
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                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">AMERCO</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt">1325 Airmotive Way, Ste. 100</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt">Reno, Nevada 89502-3239</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt">Telephone (775) 688-6300</font></p>
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            <p style="margin:6pt 0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">Securities registered pursuant to Section 12(g) of the Act: None</font></p>
            <p style="margin:6pt 0pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Indicate by check mark </font><font style="font-family:Arial; font-size:10pt">if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.&#160; </font><font style="font-family:Arial; font-size:10pt">Yes</font><font style="font-family:Arial; font-size:10pt"> [ ]</font><font style="font-family:Arial; font-size:10pt">&#160; No </font><font style="font-family:Arial; font-size:10pt">[X]</font></p>
            <p style="margin:6pt 0pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Indicate by check mark </font><font style="font-family:Arial; font-size:10pt">if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Securities Act.&#160; </font><font style="font-family:Arial; font-size:10pt">Yes</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">[ ]</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">No</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">[X]</font></p>
            <p style="margin:6pt 0pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Indicate by check mark whether the registrant:&#160; (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes </font><font style="font-family:Arial; font-size:10pt">[X]</font><font style="font-family:Arial; font-size:10pt">&#160; No </font><font style="font-family:Arial; font-size:10pt">[ ]</font></p>
            <p style="margin:6pt 0pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (&#167;232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt">) Yes </font><font style="font-family:Arial; font-size:10pt">[X]</font><font style="font-family:Arial; font-size:10pt">&#160; No </font><font style="font-family:Arial; font-size:10pt">[ ]</font></p>
            <p style="margin:6pt 0pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (&#167;229.405 of this chapter) is not contained herein, and will not be contained, to the best of the registrant&#8217;s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. </font><font style="font-family:Arial; font-size:10pt">[ ]</font><font style="font-family:Arial; font-size:10pt">&#160;&#160; </font><a name="EDGAR_PAGE_END1"></a></p>
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            <p style="margin:6pt 0pt 0pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START2"></a><font style="font-family:Arial; font-size:10pt">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See</font><font style="font-family:Arial; font-size:10pt"> the</font><font style="font-family:Arial; font-size:10pt"> definition</font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt"> of a &#8220;large accelerated filer,&#8221; &#8220;accelerated filer&#8221; and &#8220;smaller reporting company&#8221; in Rule 12b-2 of the Exchange Act.</font></p>
            <p style="margin:6pt 0pt 0pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Large accelerated filer </font><font style="font-family:Arial; font-size:10pt">[ ]</font><font style="font-family:Arial; font-size:10pt">&#160;&#160; Accelerated filer </font><font style="font-family:Arial; font-size:10pt">[X]</font><font style="font-family:Arial; font-size:10pt">&#160;&#160; </font></p>
            <p style="margin:6pt 0pt 0pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Non-accelerated filer </font><font style="font-family:Arial; font-size:10pt">[ ]</font><font style="font-family:Arial; font-size:10pt"> (Do not check if a smaller reporting company)&#160;&#160;&#160; Smaller reporting company </font><font style="font-family:Arial; font-size:10pt">[ ]</font></p>
            <p style="margin:6pt 0pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Indicate by </font><font style="font-family:Arial; font-size:10pt">check</font><font style="font-family:Arial; font-size:10pt"> mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes </font><font style="font-family:Arial; font-size:10pt">[ ]</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">No</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">[X]</font></p>
            <p style="margin:6pt 0pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The aggregate market value of AMERCO common stock held by non-affiliates on September 30, 20</font><font style="font-family:Arial; font-size:10pt">12 (AMERCO&#8217;s most recently completed second fiscal quarter)</font><font style="font-family:Arial; font-size:10pt"> was $</font><font style="font-family:Arial; font-size:10pt">510,020,982</font><font style="font-family:Arial; font-size:10pt">. The aggregate market value was computed using the closing price for the common stock trading on NASDAQ on </font><font style="font-family:Arial; font-size:10pt">September 28, 2012 (the last business day of AMERCO&#8217;s most recently completed second fiscal quarter)</font><font style="font-family:Arial; font-size:10pt">. Shares held by </font><font style="font-family:Arial; font-size:10pt">AMERCO&#8217;s </font><font style="font-family:Arial; font-size:10pt">executive officers, directors and persons owning directly or indirectly more than 5% of the outstanding common stock have been excluded from the preceding number because such persons may be deemed to be affiliates of the registrant. This determination of affiliate status is not necessarily a conclusive determination for other purposes.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold"> </font></p>
            <p style="margin:6pt 0pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">19,607,788</font><font style="font-family:Arial; font-size:10pt"> shares of AMERCO Common Stock, $0.25 par value, were outstanding at </font><font style="font-family:Arial; font-size:10pt">May 30</font><font style="font-family:Arial; font-size:10pt">, 2013.</font></p>
            <p style="margin:6pt 0pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Documents incorporated by reference: portions of AMERCO&#8217;s definitive proxy statement for the 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> annual meeting of stockholders, to be filed within 120 days after AMERCO&#8217;s fiscal year ended March 31, 2013, are incorporated by reference into Part III of this report.</font></p>
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            <p style="margin:0pt 0pt 6pt; text-align:center"><a name="_DMBM_304"></a><a name="EDGAR_PAGE_START3"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-transform:uppercase">TABLE OF CONTENTS</font></p>
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                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:81.7%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td colspan="2" style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T1_BM0"></a><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Page</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:81.7%">
                        <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-transform:uppercase">PART I</font></p>
                    </td>
                    <td colspan="2" style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Item 1.</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:81.7%">
                        <p style="margin:0pt 0pt 0pt 12.5pt; text-indent:-12.5pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Business</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:8.08%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1</font></p>
                    </td>
                    <td style="vertical-align:top">
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Item 1A.</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:81.7%">
                        <p style="margin:0pt 0pt 0pt 12.5pt; text-indent:-12.5pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Risk Factors</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:8.08%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">7</font></p>
                    </td>
                    <td style="vertical-align:top">
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Item 1B.</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:81.7%">
                        <p style="margin:0pt 0pt 0pt 12.5pt; text-indent:-12.5pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Unresolved Staff Comments</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:8.08%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt">1</font></p>
                    </td>
                    <td style="vertical-align:top">
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Item 2.</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:81.7%">
                        <p style="margin:0pt 0pt 0pt 12.5pt; text-indent:-12.5pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Properties</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:8.08%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt">1</font></p>
                    </td>
                    <td style="vertical-align:top">
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Item 3.</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:81.7%">
                        <p style="margin:0pt 0pt 0pt 12.5pt; text-indent:-12.5pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Legal Proceedings</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:8.08%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">12</font></p>
                    </td>
                    <td style="vertical-align:top">
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Item 4.&#160; </font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:81.7%">
                        <p style="margin:0pt 0pt 0pt 12.5pt; text-indent:-12.5pt; text-align:justify; widows:0; orphans:0"><a name="Submission_of_Matters_to_a_Vote_of_Secur"></a><font style="font-family:Arial; font-size:10pt">Mine Safety Disclosure</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:8.08%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">13</font></p>
                    </td>
                    <td style="vertical-align:top">
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:81.7%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:8.08%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:top">
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:81.7%">
                        <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-transform:uppercase">PART II</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:8.08%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:top">
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:top; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Item 5.</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:81.7%">
                        <p style="margin:0pt; text-indent:0.55pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:normal; font-style:normal; text-decoration:none">Market for the Registrant&#8217;s Common Equity, Related Stockholder Matters and Issuer Repurchases of Equity Securities</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:8.08%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt">3</font></p>
                    </td>
                    <td style="vertical-align:top">
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Item 6.</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:81.7%">
                        <p style="margin:0pt 0pt 0pt 12.5pt; text-indent:-12.5pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Selected Financial Data</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:8.08%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt">7</font></p>
                    </td>
                    <td style="vertical-align:top">
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:top; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Item 7.&#160; </font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:81.7%">
                        <p style="margin:0pt; text-indent:0.55pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:8.08%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt">8</font></p>
                    </td>
                    <td style="vertical-align:top">
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Item 7A.</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:81.7%">
                        <p style="margin:0pt 0pt 0pt 12.5pt; text-indent:-12.5pt; text-align:justify; widows:0; orphans:0"><a name="Quantitative_and_Qualitative"></a><font style="font-family:Arial; font-size:10pt; font-weight:normal; font-style:normal; text-decoration:none">Quantitative and Qualitative Disclosures About Market Risk</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:8.08%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">41</font></p>
                    </td>
                    <td style="vertical-align:top">
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Item 8.</font><a name="Properties"></a></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:81.7%">
                        <p style="margin:0pt 0pt 0pt 12.5pt; text-indent:-12.5pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">F</font><a name="Financial_Statements"></a><font style="font-family:Arial; font-size:10pt">inancial Statements and Supplementary Data</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:8.08%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">42</font></p>
                    </td>
                    <td style="vertical-align:top">
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:top; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Item 9.&#160; </font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:81.7%">
                        <p style="margin:0pt; text-indent:0.55pt; text-align:justify; widows:0; orphans:0"><a name="Financial_Disclosure"></a><font style="font-family:Arial; font-size:10pt; font-weight:normal; font-style:normal; text-decoration:none">Changes in and Disagreements with Accountants on Accounting and Financial Disclosure</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:8.08%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">42</font></p>
                    </td>
                    <td style="vertical-align:top">
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Item 9A.</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:81.7%">
                        <p style="margin:0pt 0pt 0pt 12.5pt; text-indent:-12.5pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Controls and Procedures</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:8.08%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">42</font></p>
                    </td>
                    <td style="vertical-align:top">
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Item 9B.</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:81.7%">
                        <p style="margin:0pt 0pt 0pt 12.5pt; text-indent:-12.5pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Other Information</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:8.08%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">4</font><font style="font-family:Arial; font-size:10pt">5</font></p>
                    </td>
                    <td style="vertical-align:top">
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:81.7%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:8.08%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:top">
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:81.7%">
                        <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-transform:uppercase">PART III</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:8.08%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:top">
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Item 10.</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:81.7%">
                        <p style="margin:0pt 0pt 0pt 12.5pt; text-indent:-12.5pt; text-align:justify; widows:0; orphans:0"><a name="Directors_and_Executive_Officers"></a><font style="font-family:Arial; font-size:10pt; font-weight:normal; font-style:normal; text-decoration:none">Directors, Executive Officers and Corporate Governance</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:8.08%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">4</font><font style="font-family:Arial; font-size:10pt">5</font></p>
                    </td>
                    <td style="vertical-align:top">
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Item 11.</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:81.7%">
                        <p style="margin:0pt 0pt 0pt 12.5pt; text-indent:-12.5pt; text-align:justify; widows:0; orphans:0"><a name="Executive_Compensation"></a><font style="font-family:Arial; font-size:10pt; font-weight:normal; font-style:normal; text-decoration:none">Executive Compensation</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:8.08%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">4</font><font style="font-family:Arial; font-size:10pt">5</font></p>
                    </td>
                    <td style="vertical-align:top">
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:top; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Item 12.</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:top; width:81.7%">
                        <p style="margin:0pt; text-indent:0.55pt; text-align:justify; widows:0; orphans:0"><a name="Security_Ownership"></a><font style="font-family:Arial; font-size:10pt; font-weight:normal; font-style:normal; text-decoration:none">Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:8.08%">
                        <p style="margin:0pt; text-align:right"><br /><font style="font-family:Arial; font-size:10pt">4</font><font style="font-family:Arial; font-size:10pt">5</font></p>
                    </td>
                    <td style="vertical-align:top">
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Item 13.</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:81.7%">
                        <p style="margin:0pt 0pt 0pt 12.5pt; text-indent:-12.5pt; text-align:justify; widows:0; orphans:0"><a name="Related_Transactions"></a><font style="font-family:Arial; font-size:10pt; font-weight:normal; font-style:normal; text-decoration:none">Certain Relationships and Related Transaction, and Director Independence</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:8.08%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">4</font><font style="font-family:Arial; font-size:10pt">5</font></p>
                    </td>
                    <td style="vertical-align:top">
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:9.62%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Item 14. </font></p>
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            <p style="margin:0pt 0pt 6pt; text-align:center"><a name="_DMBM_305"></a><a name="EDGAR_PAGE_START4"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">Part i</font></p>
            <p style="margin:0pt 0pt 12pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Item 1. Business</font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Company Overview</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We are North America&#8217;s largest &#8220;do-it-yourself&#8221; moving and storage operator through our subsidiary </font><font style="font-family:Arial; font-size:10pt">&#160;&#160; </font><font style="font-family:Arial; font-size:10pt">U-Haul International, Inc. (&#8220;U-Haul&#8221;). U-Haul is synonymous with &#8220;do-it-yourself&#8221; moving and storage and is a leader in supplying products and services to help people move and store their household and commercial goods. Our primary service objective is to provide a better and better product or service to more and more people at a lower and lower cost. Unless the context otherwise requires, the term </font><font style="font-family:Arial; font-size:10pt">&#8220;AMERCO,&#8221; </font><font style="font-family:Arial; font-size:10pt">&#8220;Company,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; or &#8220;our&#8221; refers to AMERCO</font><font style="font-family:Arial; font-size:10pt">, a Nevada Corporation,</font><font style="font-family:Arial; font-size:10pt"> and all of its legal subsidiaries</font><font style="font-family:Arial; font-size:10pt">, on a consolidated basis</font><font style="font-family:Arial; font-size:10pt">. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We were founded in 1945 as a sole proprietorship under the name &quot;U-Haul Trailer Rental Company&quot; and have rented trailers ever since. Starting in 1959, we rented trucks on a one-way and in-town basis exclusively through independent U-Haul dealers. In 1974, we began developing our network of U-Haul managed retail centers, through which we rent our trucks and trailers, self-storage rooms</font><font style="font-family:Arial; font-size:10pt"> and portable storage boxes</font><font style="font-family:Arial; font-size:10pt"> and sell moving and self-storage products and services to complement our independent dealer network.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We rent our distinctive orange and white U-Haul trucks and trailers as well as offer self-storage rooms through a network of </font><font style="font-family:Arial; font-size:10pt">approximately 1,490 </font><font style="font-family:Arial; font-size:10pt">Company operated retail moving centers and </font><font style="font-family:Arial; font-size:10pt">approximately </font><font style="font-family:Arial; font-size:10pt">16,400</font><font style="font-family:Arial; font-size:10pt"> independent U-Haul dealers</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt"> We also sell U-Haul brand boxes, tape and other moving and self-storage products and services to &#8220;do-it-yourself&#8221; moving and storage customers at all of our distribution outlets and through our eMove</font><font style="font-family:Arial; font-size:6.67pt; vertical-align:super">&#174;</font><font style="font-family:Arial; font-size:10pt"> web site.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We believe U-Haul is the most convenient supplier of products and services addressing the needs of North America&#8217;s &#8220;do-it-yourself&#8221; moving and storage market. Our broad geographic coverage throughout the United States and Canada and our extensive selection of U-Haul brand moving equipment rentals, self-storage rooms and related moving and storage products and services provide our customers with convenient &#8220;one-stop&#8221; shopping.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Since 1945</font><font style="font-family:Arial; font-size:10pt"> U-Haul has incorporated sustainable practices into its everyday operations. We believe that our basic business premise of equipment sharing helps reduce greenhouse gas emissions and reduces the need for total large capacity vehicles. We </font><font style="font-family:Arial; font-size:10pt">continue to look for ways to reduce waste within our business</font><font style="font-family:Arial; font-size:10pt"> and are dedicated to manufacturing reusable components and recyclable products. We believe that our commitment to sustainability, through our products</font><font style="font-family:Arial; font-size:10pt"> and</font><font style="font-family:Arial; font-size:10pt"> services and everyday operations has helped us to reduce our impact on the environment.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Through </font><font style="font-family:Arial; font-size:10pt">Repwest</font><font style="font-family:Arial; font-size:10pt"> Insurance Company (&#8220;</font><font style="font-family:Arial; font-size:10pt">Repwest</font><font style="font-family:Arial; font-size:10pt">&#8221;), our property and casualty insurance subsidiary, we manage the property, liability and related insurance claims processing for U-Haul. Oxford Life Insurance Company (&#8220;Oxford&#8221;), our life insurance subsidiary, sells life insurance,</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">Medicare supplement</font><font style="font-family:Arial; font-size:10pt"> insurance,</font><font style="font-family:Arial; font-size:10pt"> annuities and other related products to non U-Haul customers.</font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Available Information</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO and U-Haul are each incorporated in Nevada. U-Haul&#8217;s internet address is uhaul.com. On AMERCO&#8217;s investor relations web site, amerco.com, we post the following filings as soon as practicable after they are electronically filed with or furnished to the United States Securities and Exchange Commission (&#8220;SEC&#8221;): our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K, our proxy statement related to our annual meeting of stockholders, and any amendments to those reports or statements filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;). </font><font style="font-family:Arial; font-size:10pt">We also use our investor relations web site as a means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD. </font><font style="font-family:Arial; font-size:10pt">All such filings on our web site are available free of charge. Additionally, you will find these materials on the SEC&#8217;s website at sec.gov.</font><a name="EDGAR_PAGE_END4"></a></p>
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            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_PAGE_START5"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Products and Rental Equipment</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Our customers are primarily &#8220;do-it-yourself&#8221; household movers. U-Haul moving equipment is specifically designed, engineered and manufactured for the &#8220;do-it-yourself&#8221; household mover. These &#8220;do-it-yourself&#8221; movers include individuals and families moving their belongings from one home to another, college students moving their belongings, vacationers and sports enthusiasts needing extra space or having special towing needs, people trying to save on home furniture and home appliance delivery costs, and &#8220;do-it-yourself&#8221; home remodeling and gardening enthusiasts who need to transport materials.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As of March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, our rental fleet consisted of approximately </font><font style="font-family:Arial; font-size:10pt">112,000</font><font style="font-family:Arial; font-size:10pt"> trucks</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">90,000</font><font style="font-family:Arial; font-size:10pt"> trailers and </font><font style="font-family:Arial; font-size:10pt">34</font><font style="font-family:Arial; font-size:10pt">,000 towing</font><font style="font-family:Arial; font-size:10pt"> devices. This equipment and our U-Haul brand of self-moving products and services</font><font style="font-family:Arial; font-size:10pt"> are available through our network of managed retail moving centers and independent U-Haul dealers. Independent U-Haul dealers receive rental equipment from the Company, act as rental agent</font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt"> and are paid a commission based on gross revenues generated from their U-Haul rentals.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our rental truck chassis are manufactured by domestic and foreign truck manufacturers. These chassis are joined with the U-Haul designed and manufactured van boxes primarily at U-Haul operated manufacturing and assembly facilities strategically located throughout the United States. U-Haul rental trucks feature our proprietary Lowest Deck</font><font style="font-family:Arial; font-size:6.67pt; vertical-align:super">SM</font><font style="font-family:Arial; font-size:10pt">, which provides our customers with extra ease of loading. The loading ramps on our trucks are the widest in the industry, which reduce the effort needed to move belongings. Our trucks are fitted with convenient, padded rub rails with tie downs on every interior wall. Our Gentle Ride Suspension</font><font style="font-family:Arial; font-size:6.67pt; vertical-align:super">SM</font><font style="font-family:Arial; font-size:10pt"> helps our customers safely move delicate and prized possessions. Also, the engineers at our U-Haul Technical Center determined that the softest ride in our trucks was at the front of the van box. Consequently, we designed the part of the van box that hangs over the front cab of the truck to be the location for our customers to place their most fragile items during their move. We call this area Mom&#8217;s Attic</font><font style="font-family:Arial; font-size:6.67pt; vertical-align:super">SM</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our distinctive trailers are also manufactured at these same U-Haul operated manufacturing and assembly facilities. These trailers are well suited to the low profile of many of today&#8217;s newly manufactured automobiles. Our engineering staff is committed to making our trailers easy to tow, safe, aerodynamic and fuel efficient.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">To provide our self-move customers with added value, our rental trucks and trailers are designed with fuel efficiency in mind. Many of our newer trucks are fitted with fuel economy gauges, another tool that assists our customers in conserving fuel. To help make our rental equipment more </font><font style="font-family:Arial; font-size:10pt">reliable</font><font style="font-family:Arial; font-size:10pt">, we </font><font style="font-family:Arial; font-size:10pt">routinely </font><font style="font-family:Arial; font-size:10pt">perform extensive preventive maintenance and repairs.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We also provide customers with equipment to transport their vehicle. We provide two towing options; auto transport, in which all four wheels are off the ground and a tow dolly, in which the front wheels of the towed vehicle are off the ground.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">To help our customers load their boxes and larger household appliances and furniture, we offer several accessory rental items. Our utility dolly has a lightweight design and is easy to maneuver. Another rental accessory is our four wheel dolly, which provides a large, flat surface for moving dressers, wall units, pianos and other large household items. U-Haul appliance dollies provide the leverage needed to move refrigerators, freezers, washers and dryers easily and safely. These utility, furniture and appliance dollies, along with the low decks and the wide loading ramps on U-Haul trucks and trailers, are designed for easy loading and unloading of our customers&#8217; belongings.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The total package U-Haul offers the &#8220;do-it-yourself&#8221; household mover doesn&#8217;t end with trucks, trailers and accessory rental items. Our moving supplies include a wide array of affordably priced U-Haul brand boxes, tape and packing materials. We also provide specialty boxes for dishes, computers and sensitive electronic equipment, as well as tape, security locks, and packing supplies. U-Haul brand boxes are specifically sized to make loading easier.</font><a name="EDGAR_PAGE_END5"></a></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_PAGE_START6"></a><font style="font-family:Arial; font-size:10pt">We </font><font style="font-family:Arial; font-size:10pt">believe</font><font style="font-family:Arial; font-size:10pt"> that U-Haul is North America&#8217;s largest seller and installer of hitches and towing systems. In addition to towing U-Haul equipment, these hitching and towing systems can tow jet skis, motorcycles, boats, campers and horse trailers. Our hitches, ball mounts, and hitch balls undergo stringent testing requirements. Each year, more than one million customers visit our locations for expertise on complete towing systems, trailer rentals and the latest in towing accessories.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">U-Haul has one of North America&#8217;s largest propane refilling networks, with </font><font style="font-family:Arial; font-size:10pt">over </font><font style="font-family:Arial; font-size:10pt">1,080</font><font style="font-family:Arial; font-size:10pt"> locations providing this convenient service. We employ trained, certified personnel to refill all propane cylinders and alternative fuel vehicles. Our network of propane dispensing locations is one of the largest automobile alternative refueling networks in North America.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our self-storage business was a natural outgrowth of our self-moving operations. Conveniently located U-Haul self-storage rental facilities provide clean, dry and secure space for storage of household and commercial goods. Storage units range in size </font><font style="font-family:Arial; font-size:10pt">from 6 square feet to over 1,000 square feet. We operate </font><font style="font-family:Arial; font-size:10pt">over </font><font style="font-family:Arial; font-size:10pt">1,1</font><font style="font-family:Arial; font-size:10pt">8</font><font style="font-family:Arial; font-size:10pt">0 self-storage locations in North America, with </font><font style="font-family:Arial; font-size:10pt">nearly</font><font style="font-family:Arial; font-size:10pt"> 4</font><font style="font-family:Arial; font-size:10pt">45</font><font style="font-family:Arial; font-size:10pt">,000 rentable rooms comprising </font><font style="font-family:Arial; font-size:10pt">40.0</font><font style="font-family:Arial; font-size:10pt"> million square feet of rentable storage space. Our self-storage centers feature a wide array of security measures</font><font style="font-family:Arial; font-size:10pt">, ranging from electronic property access control gates to individually alarmed storage units. At many centers, we offer climate controlled storage rooms to protect temperature sensitive goods such as video tapes, albums, photographs and precious wood furniture.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Another extension of our strategy to make &#8220;do-it-yourself&#8221; moving and storage easier is our U-Box</font><font style="font-family:Arial; font-size:6.67pt; vertical-align:super">&#174;</font><font style="font-family:Arial; font-size:10pt"> program.&#160; </font><font style="font-family:Arial; font-size:10pt">A</font><font style="font-family:Arial; font-size:10pt"> storage container</font><font style="font-family:Arial; font-size:10pt"> is delivered</font><font style="font-family:Arial; font-size:10pt"> to a location of our customer&#8217;s choosing</font><font style="font-family:Arial; font-size:10pt"> either by Company personnel or by the customers themselves through the use of a U-Box trailer. This option provides the customer with the greatest scheduling convenience</font><font style="font-family:Arial; font-size:10pt">. Once the container is filled it can be stored at the customer&#8217;s location, or taken to </font><font style="font-family:Arial; font-size:10pt">any of our company operated locations, a participating independent dealer,</font><font style="font-family:Arial; font-size:10pt"> or moved to a location of the customer&#8217;s choice.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Additionally, we offer moving and storage protection packages such as Safemove and Safetow. These programs provide moving and towing customers with a damage waiver, cargo protection and medical and life insurance coverage. Safestor provides protection for storage customers from loss on their goods in storage. For our customers who desire additional coverage over and above the standard Safemove protection, we also offer our Super Safemove product. This package provides the rental customer with a layer of primary liability protection. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We believe that our</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">eMove</font><font style="font-family:Arial; font-size:6.67pt; vertical-align:super">&#174;</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">web site, </font><font style="font-family:Arial; font-size:10pt">eMove.com, </font><font style="font-family:Arial; font-size:10pt">is the largest network of customers and independent businesses in the self-moving and self-storage industry. The </font><font style="font-family:Arial; font-size:10pt">eMove </font><font style="font-family:Arial; font-size:10pt">network consists of channels where customers, businesses and service providers transact business. The e</font><font style="font-family:Arial; font-size:10pt">Move </font><font style="font-family:Arial; font-size:10pt">Moving Help marketplace connects &#8220;do-it-yourself&#8221; movers with independent service providers to assist movers in packing, loading, unloading, cleaning, driving and performing other services. Thousands of independent service providers participate in the eMove network. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Through the eMove Storage Affiliate Program, independent storage businesses can join the world&#8217;s largest self-storage reservation system. Self-storage customers making a reservation through eMove can access all of the U-Haul self-storage centers and all of our independent storage affiliate partners for even greater convenience to meet their self-storage needs.</font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Description of Operating Segments</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt">AMERCO&#8217;s three reportable segments are:</font></p>
            <p style="margin:0pt 0pt 6pt 22.5pt; text-indent:-21.6pt"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Moving and Storage, comprised of AMERCO, U-Haul, and Real Estate and the subsidiaries of U-Haul and Real Estate,</font></p>
            <p style="margin:0pt 0pt 6pt 22.5pt; text-indent:-21.6pt"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Property and Casualty Insurance, comprised of Repwest and its subsidiaries and ARCOA, and</font></p>
            <p style="margin:0pt 0pt 6pt 22.5pt; text-indent:-21.6pt"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Life Insurance,</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">comprised of Oxford and its subsidiaries.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Financial information for each of our operating segments is included in the Notes to Consolidated Financial Statements as part of Item 8: Financial Statements and Supplementary Data of this </font><font style="font-family:Arial; font-size:10pt">Annual Report on Form 10-K</font><font style="font-family:Arial; font-size:10pt">.</font><a name="EDGAR_PAGE_END6"></a></p>
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            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START7"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Moving and Storage Operating Segments</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Our Moving and Storage operating segment consists of the rental of trucks, trailers,</font><font style="font-family:Arial; font-size:10pt"> portable storage boxes,</font><font style="font-family:Arial; font-size:10pt"> specialty rental items and self-storage spaces primarily to the household mover as well as sales of moving supplies, towing accessories and propane. Operations are conducted under the registered trade name U-Haul</font><font style="font-family:Arial; font-size:6.67pt; vertical-align:super">&#174;</font><font style="font-family:Arial; font-size:10pt"> throughout the United States and Canada.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Net revenue from our Moving and Storage operating segment was approximately </font><font style="font-family:Arial; font-size:10pt">89.1</font><font style="font-family:Arial; font-size:10pt">%, </font><font style="font-family:Arial; font-size:10pt">85.8</font><font style="font-family:Arial; font-size:10pt">% and </font><font style="font-family:Arial; font-size:10pt">87.7</font><font style="font-family:Arial; font-size:10pt">% of consolidated net revenue in fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, respectively.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">During fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, the Company placed </font><font style="font-family:Arial; font-size:10pt">approximately</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">20,800</font><font style="font-family:Arial; font-size:10pt"> new trucks in service. These </font><font style="font-family:Arial; font-size:10pt">additions and </font><font style="font-family:Arial; font-size:10pt">replacements</font><font style="font-family:Arial; font-size:10pt"> to the fleet</font><font style="font-family:Arial; font-size:10pt"> were a combination of U-Haul manufactured vehicles and </font><font style="font-family:Arial; font-size:10pt">purchases. Typically as new trucks are added to the fleet the Company removes older trucks from the fleet</font><font style="font-family:Arial; font-size:10pt">. </font><font style="font-family:Arial; font-size:10pt">The total number of rental trucks in the fleet increased during fiscal 2013 as the pace of new additions was slightly greater than those trucks removed for r</font><font style="font-family:Arial; font-size:10pt">etirement and sale</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Within our truck and trailer rental operation we are focused on expanding our independent dealer network to provide added convenience for our customers. U-Haul maximizes vehicle utilization by effective distribution of the truck and trailer fleets among the</font><font style="font-family:Arial; font-size:10pt"> approximately</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">1,490</font><font style="font-family:Arial; font-size:10pt"> Company operated centers and approximately </font><font style="font-family:Arial; font-size:10pt">16,400</font><font style="font-family:Arial; font-size:10pt"> independent dealers. Utilizing its proprietary reservations management system, the Company&#8217;s centers and dealers electronically report their inventory in real-time, which facilitates matching equipment to customer demand. </font><font style="font-family:Arial; font-size:10pt">Approximately </font><font style="font-family:Arial; font-size:10pt">54</font><font style="font-family:Arial; font-size:10pt">% of</font><font style="font-family:Arial; font-size:10pt"> all U-Move rental revenue originates from the Company operated centers.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">At our owned and operated retail centers we are implementing new initiatives to improve customer service. These initiatives include improving management of our rental equipment to provide our retail centers with the right type of rental equipment, at the right time and at the most convenient location for our customers, effective marketing of our broad line of self-moving related products and services, maintaining longer hours of operation to provide more convenience to our customers, and enhancing our ability to properly staff locations during our peak hours of operations by attracting and retaining &#8220;moonlighters&#8221; (part-time U-Haul employees with full-time jobs elsewhere) during our peak hours of operation.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our self-moving related products and services, such as boxes, pads and insurance, help our customers have a better moving experience and help them </font><font style="font-family:Arial; font-size:10pt">to </font><font style="font-family:Arial; font-size:10pt">protect their belongings from potential damage during the moving process. We are committed to providing a complete line of products selected with the &#8220;do-it-yourself&#8221; moving and storage customer in mind. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our self-storage business operations consist of </font><font style="font-family:Arial; font-size:10pt">the rental of</font><font style="font-family:Arial; font-size:10pt; font-style:italic"> </font><font style="font-family:Arial; font-size:10pt">self-storage rooms,</font><font style="font-family:Arial; font-size:10pt"> portable storage boxes,</font><font style="font-family:Arial; font-size:10pt"> sales of self-storage related products, the facilitation of sales of services, and the management of self-storage facilities owned by others.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">U-Haul</font><font style="font-family:Arial; font-size:10pt; font-style:italic"> </font><font style="font-family:Arial; font-size:10pt">is one of the largest North American operators of self-storage and has been a leader in the self-storage industry since 1974. </font><font style="font-family:Arial; font-size:10pt">U-Haul</font><font style="font-family:Arial; font-size:10pt; font-style:italic"> </font><font style="font-family:Arial; font-size:10pt">operates </font><font style="font-family:Arial; font-size:10pt">nearly</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">445,000</font><font style="font-family:Arial; font-size:10pt"> storage rooms, comprising </font><font style="font-family:Arial; font-size:10pt">40.0</font><font style="font-family:Arial; font-size:10pt"> million square feet of storage space with locations </font><font style="font-family:Arial; font-size:10pt">in 49 states and 10</font><font style="font-family:Arial; font-size:10pt"> Canadian provinces. U-Haul&#8217;s owned and managed self-storage facility locations range in size up </font><font style="font-family:Arial; font-size:10pt">to </font><font style="font-family:Arial; font-size:10pt">171,200</font><font style="font-family:Arial; font-size:10pt"> square</font><font style="font-family:Arial; font-size:10pt"> feet of storage space, with individual storage units in sizes ranging </font><font style="font-family:Arial; font-size:10pt">from 6 square feet to over 1,000 square</font><font style="font-family:Arial; font-size:10pt"> feet.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The primary market for storage rooms is the storage of household goods. We believe that our self-storage services provide a competitive advantage through such things as Max Security, an electronic system that monitors the storage facility 24 hours a day, climate control, individually alarmed rooms, extended hour</font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt"> access, and an internet-based customer reservation and account management system.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">eMove is an online marketplace that connects consumers to independent Moving Help&#8482; service providers and </font><font style="font-family:Arial; font-size:10pt">thousands of</font><font style="font-family:Arial; font-size:10pt"> independent Self-Storage Affiliates. Our network of customer-rated affiliates provide</font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt"> pack and load help, cleaning help, self-storage and similar services</font><font style="font-family:Arial; font-size:10pt"> all over North America</font><font style="font-family:Arial; font-size:10pt">. Our goal is to further utilize our web-based technology platform to increase service to consumers and businesses in the moving and storage market. </font><a name="EDGAR_PAGE_END7"></a></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START8"></a><font style="font-family:Arial; font-size:10pt">Our</font><font style="font-family:Arial; font-size:10pt"> Moving and Storage operating segment</font><font style="font-family:Arial; font-size:10pt"> business is seasonal and</font><font style="font-family:Arial; font-size:10pt">, traditionally,</font><font style="font-family:Arial; font-size:10pt"> our results of operations and cash flows fluctuate significantly from quarter to quarter. Historically, revenues have been stronger in the first and second fiscal quarters due to the overall increase in moving activity during the spring and summer months. The fourth fiscal quarter is generally </font><font style="font-family:Arial; font-size:10pt">our </font><font style="font-family:Arial; font-size:10pt">weakest, due to a greater potential for adverse weather conditions.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Property and Casualty Insurance Operating Segment</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our Property and Casualty Insurance operating segment provides loss adjusting and claims handling for U-Haul through regional offices across North America. Our Property and Casualty Insurance operating segment also underwrites components of the Safemove, Safetow, Super Safemove and Safestore protection packages to U-Haul customers. We continue to focus on increasing the penetration of these products into the moving and storage market. The business plan for the Property and Casualty Insurance operating segment includes offering property and casualty products in other U-Haul related programs.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Net revenue from our Property and Casualty Insurance operating segment was approximately 1.9%, 1.6% and 1.7% of consolidated net revenue in fiscal 2013, 2012 and 2011, respectively.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Life Insurance Operating Segment</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our Life Insurance operating segment provides life and health insurance products primarily to the senior market through the direct writing </font><font style="font-family:Arial; font-size:10pt">and</font><font style="font-family:Arial; font-size:10pt"> reinsuring of life insurance, Medicare supplement and annuity policies. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Net revenue from our Life Insurance operating segment was approximately </font><font style="font-family:Arial; font-size:10pt">9.0</font><font style="font-family:Arial; font-size:10pt">%, </font><font style="font-family:Arial; font-size:10pt">12.6</font><font style="font-family:Arial; font-size:10pt">% and </font><font style="font-family:Arial; font-size:10pt">10.6</font><font style="font-family:Arial; font-size:10pt">% of consolidated net revenue in fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, respectively.</font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Employees</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As of March 31, 201</font><font style="font-family:Arial; font-size:10pt">3 and 2012</font><font style="font-family:Arial; font-size:10pt">, we </font><font style="font-family:Arial; font-size:10pt">employed over </font><font style="font-family:Arial; font-size:10pt">21,600 people and 20,100</font><font style="font-family:Arial; font-size:10pt"> people</font><font style="font-family:Arial; font-size:10pt">, respectively</font><font style="font-family:Arial; font-size:10pt"> throughout North America with </font><font style="font-family:Arial; font-size:10pt">approximately </font><font style="font-family:Arial; font-size:10pt">98%</font><font style="font-family:Arial; font-size:10pt"> of these employees working within our Moving and Storage operating segment</font><font style="font-family:Arial; font-size:10pt"> and</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">a</font><font style="font-family:Arial; font-size:10pt">pproximately </font><font style="font-family:Arial; font-size:10pt">55</font><font style="font-family:Arial; font-size:10pt">%</font><font style="font-family:Arial; font-size:10pt"> and 54%, respectively</font><font style="font-family:Arial; font-size:10pt"> of these employees work on a part-time basis.</font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Sales and Marketing</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We promote </font><font style="font-family:Arial; font-size:10pt">U-Haul </font><font style="font-family:Arial; font-size:10pt">brand awareness through direct and co-marketing arrangements. Our direct marketing activities consist of web based advertising, print and yellow pages as well as trade events, movie cameos of our rental fleet and boxes, and industry and consumer communications. Our rental equipment is our best form of advertisement. We support our independent </font><font style="font-family:Arial; font-size:10pt">U-Haul </font><font style="font-family:Arial; font-size:10pt">dealers through advertising of </font><font style="font-family:Arial; font-size:10pt">U-Haul </font><font style="font-family:Arial; font-size:10pt">moving and self-storage rentals, products and services.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our marketing plan focuses on maintaining our leadership position in the &#8220;do-it-yourself&#8221; moving and storage industry by continually improving the ease of use and efficiency of our rental equipment, by providing added convenience to our retail centers through independent U-Haul dealers, and by expanding the capabilities of our eMove web sites. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">A significant driver of U-Haul&#8217;s rental transaction volume is our utilization of an online reservation and sales system, through </font><font style="font-family:Arial; font-size:10pt">uhaul.com</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">eMove.com</font><font style="font-family:Arial; font-size:10pt"> and our 24-hour 1-800-GO-U-HAUL telephone reservations system. These points of contact are prominently featured and are a major driver of customer lead sources.</font><a name="EDGAR_PAGE_END8"></a></p>
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            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_PAGE_START9"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Competition</font></p>
            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Moving and Storage Operating Segment</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">The truck rental industry is highly competitive and includes a number of significant national, regional and local competitors. Generally speaking, we consider there to be two distinct users of rental trucks: commercial and &#8220;do-it-yourself&#8221; residential users. We primarily</font><font style="font-family:Arial; font-size:10pt"> focus</font><font style="font-family:Arial; font-size:10pt"> on the &#8220;do-it-yourself&#8221; residential user. Within this segment, we believe the principal competitive factors are convenience of rental locations, availability of quality rental moving equipment, breadth of essential products and services, and total cost</font><font style="font-family:Arial; font-size:10pt"> to the user</font><font style="font-family:Arial; font-size:10pt">. Our major national competitors in both the In-Town and one-way moving equipment rental market are Avis Budget Group, Inc. and Penske Truck Leasing. Additionally, we have numerous small local competitors throughout North America who compete with us in the In-Town market.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The self-storage market is large and very fragmented. We believe the principal competitive factors in this industry are convenience of storage rental locations, cleanliness, security and price. Our largest competitors in the self-storage market are Public Storage Inc., Extra Space Storage, Inc., and Sovran Self-Storage Inc.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Insurance Operating Segments</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The insurance industry is highly competitive. In addition, the marketplace includes financial services firms offering both insurance and financial products. Some of the insurance companies are owned by stockholders and others are owned by policyholders. Many competitors have been in business for a longer period of time or possess substantially greater financial resources and broader product portfolios than our insurance companies. We compete in the insurance business based upon price, product design, and services rendered to agents and policyholders.</font><font style="font-family:Arial; font-size:10pt"> </font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Recent Developments</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Financial Strength Ratings</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">In </font><font style="font-family:Arial; font-size:10pt">May</font><font style="font-family:Arial; font-size:10pt"> 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, A.M. Best affirmed the financial strength rating of B++ (Good) for Oxford and </font><font style="font-family:Arial; font-size:10pt">its outlook remains</font><font style="font-family:Arial; font-size:10pt"> positive.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Repwest maintained a B (Fair) financial strength rating with a stable outlook.</font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Financial Data of Segment and Geographic Areas</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">For f</font><font style="font-family:Arial; font-size:10pt">inancial data </font><font style="font-family:Arial; font-size:10pt">of</font><font style="font-family:Arial; font-size:10pt"> our segments and geographic areas </font><font style="font-family:Arial; font-size:10pt">please see</font><font style="font-family:Arial; font-size:10pt"> Note 2</font><font style="font-family:Arial; font-size:10pt">2, Financial </font><font style="font-family:Arial; font-size:10pt">Information</font><font style="font-family:Arial; font-size:10pt"> by Geographic Area and Note 22A, </font><font style="font-family:Arial; font-size:10pt">Consolidating Financial Information by Industry Segment</font><font style="font-family:Arial; font-size:10pt"> to our </font><font style="font-family:Arial; font-size:10pt">Notes to </font><font style="font-family:Arial; font-size:10pt">Consolidated Financial Statements. </font></p>
            <p style="margin:6pt 0pt; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Cautionary Statement Regarding Forward-Looking Statements</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">This Annual Report on Form 10-K</font><font style="font-family:Arial; font-size:10pt"> (&#8220;Annual Report&#8221;)</font><font style="font-family:Arial; font-size:10pt">, contains &#8220;forward-looking statements&#8221; regarding future events and our future results of operations. We may make additional written or oral forward-looking statements from time to time in filings with the SEC or otherwise. We believe such forward-looking statements are within the meaning of the safe-harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Such statements may include, but are not limited to, projections of revenues, earnings or loss, estimates of capital expenditures, plans for future operations, products or services, financing needs and plans</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> our perceptions of our legal positions and anticipated outcomes of government investigations and pending litigation against us, liquidity, goals and strategies, plans for new business, storage occupancy, growth rate assumptions, pricing, costs, and access to capital and leasing markets as well as assumptions relating to the foregoing. The words &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;estimate,&#8221; &#8220;project&#8221; and similar expressions identify forward-looking statements, which speak only as of the date the statement was made. </font><a name="EDGAR_PAGE_END9"></a></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START10"></a><font style="font-family:Arial; font-size:10pt">Forward-looking statements are inherently subject to risks and uncertainties, some of which</font><font style="font-family:Arial; font-size:10pt"> we</font><font style="font-family:Arial; font-size:10pt"> cannot </font><font style="font-family:Arial; font-size:10pt">accurately predict or quantify</font><font style="font-family:Arial; font-size:10pt">. Factors that could significantly affect results include, without limitation, the risk factors enumerated at the end of this section, as well as the following: </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> ability to operate pursuant to the terms of its credit facilities; </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> ability to maintain contracts that are critical to </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> operations; the costs and availability of financing; </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> ability to execute </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> business plan; </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> ability to attract, motivate and retain key employees; general economic conditions; fluctuations in our costs to maintain and update our fleet and facilities; our ability to refinance our debt; changes in government regulations, particularly environmental regulations; our credit ratings; the availability of credit; changes in demand for our products; changes in the general domestic economy; the degree and nature of our competition; the resolution of pending litigation against </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt">; changes in accounting standards and other factors described in this </font><font style="font-family:Arial; font-size:10pt">Annual R</font><font style="font-family:Arial; font-size:10pt">eport or the other documents we file with the SEC. The above factors, the following disclosures, as well as other statements in this </font><font style="font-family:Arial; font-size:10pt">Annual R</font><font style="font-family:Arial; font-size:10pt">eport and in the Notes to Consolidated Financial Statements, could contribute to or cause such risks or uncertainties, or could cause our stock price to fluctuate dramatically. Consequently, the forward-looking statements should not be regarded as representations or warranties by </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt"> that such matters will be realized. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> assume no obligation to update or revise any of the forward-looking statements, whether in response to new information, unforeseen events, changed circumstances or otherwise.</font></p>
            <p style="margin:0pt 0pt 12pt"><a name="_DMBM_306"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Item 1A. Risk Factors</font></a></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The following discussion of risk factors should be read in conjunction with Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations (&#8220;MD&amp;A&#8221;) and the Consolidated Financial Statements and related notes.&#160; These risk factors may be important in understanding this Annual Report or elsewhere.</font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">We operate in a highly competitive industry.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The truck rental industry is highly competitive and includes a number of significant national, regional and local competitors. We believe the principal competitive factors in this industry are convenience of rental locations, availability of quality rental moving equipment, breadth of essential services and products and total cost. Financial results for the Company can be adversely impacted by aggressive pricing from our competitors. Some of our competitors may have greater financial resources than we have. We cannot assure you that we will be able to maintain existing rental prices or implement price increases. Moreover, if our competitors reduce prices and we are not able or willing to do so as well, we may lose rental volume, which would likely have a materially adverse affect on our results of operations.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">The self-storage industry is large and highly fragmented. We believe the principal competitive factors in this industry are convenience of storage rental locations, cleanliness, security and price. Competition in the market areas in which we operate is significant and affects the occupancy levels, rental rates and operating expenses of our facilities. Competition might cause us to experience a decrease in occupancy levels, limit our ability to raise rental rates or require us to offer discounted rates that would have a material affect on results of operations and financial condition. Entry into the self-storage business may be accomplished through the acquisition of existing facilities by persons or institutions with the required initial capital. Development of new self-storage facilities is more difficult however, due to land use</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> zoning, environmental and other regulatory requirements. The self-storage industry has in the past experienced overbuilding in response to perceived increases in demand. We cannot assure you that we will be able to successfully compete in existing markets or expand into new markets. </font><a name="EDGAR_PAGE_END10"></a></p>
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            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START11"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:normal">We are highly leveraged.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">As of March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, we had total debt outstanding of $</font><font style="font-family:Arial; font-size:10pt">1,661.8</font><font style="font-family:Arial; font-size:10pt"> million and total undiscounted lease commitments of $</font><font style="font-family:Arial; font-size:10pt">236.6</font><font style="font-family:Arial; font-size:10pt"> million. Although we believe</font><font style="font-family:Arial; font-size:10pt">, based on existing information,</font><font style="font-family:Arial; font-size:10pt"> that additional leverage can be supported by </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> operations</font><font style="font-family:Arial; font-size:10pt"> and revenues</font><font style="font-family:Arial; font-size:10pt">, our existing debt could impact us in the following ways among other considerations: </font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-21.6pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">require us to allocate a considerable portion of cash flows from operations to debt service payments;</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-21.6pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">limit our flexibility in planning for, or reacting to, changes in our business and the industry in which we operate;</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-21.6pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">limit our ability to obtain additional financing; and</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-21.6pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">place us at a disadvantage compared to our competitors who may have less debt.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our ability to make payments on our debt depends upon our ability to maintain and improve our operating performance and generate cash flow. To some extent, this is subject to prevailing economic and competitive conditions and to certain financial, business and other factors, some of which are beyond our control. If we are unable to generate sufficient cash flow from operations to service our debt and meet our other cash needs, we may be forced to reduce or delay capital expenditures, sell assets, seek additional capital or restructure or refinance our indebtedness. If we must sell our assets, it may negatively affect our ability to generate revenue. In addition, we may incur additional debt that would exacerbate the risks associated with our indebtedness.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:normal">Economic conditions, including those related to the credit markets, may adversely affect our industry, business and results of operations.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Over the last several years, t</font><font style="font-family:Arial; font-size:10pt">he United States economy has undergone a period of slowdown and unprecedented volatility, which resulted in a recession.&#160; It is difficult to gauge</font><font style="font-family:Arial; font-size:10pt"> the general economic conditions we will face this year</font><font style="font-family:Arial; font-size:10pt">.&#160; Consumer and commercial spending is generally affected by the health of the economy</font><font style="font-family:Arial; font-size:10pt">, which places some of the factors affecting the success of our business beyond our control</font><font style="font-family:Arial; font-size:10pt">. Our industries, although not as traditionally cyclical as some, could experience significant downturns in connection with general economic conditions. In times of declining consumer spending we may be driven, along with our competitors, to reduce pricing which would have a negative impact on gross profit.&#160; We cannot predict if another downturn</font><font style="font-family:Arial; font-size:10pt">, or sustained lack of recovery,</font><font style="font-family:Arial; font-size:10pt"> in the economy may occur which could result in reduced revenues and working capital.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Should credit markets in the United States tighten or if interest rates increase significantly we may not be able to refinance existing debt or find additional financing on favorable terms, </font><font style="font-family:Arial; font-size:10pt">if</font><font style="font-family:Arial; font-size:10pt"> at all.&#160; If one or more of the financial institutions that support our existing credit facilities fails, we may not be able to find a replacement, which would negatively impact our ability to borrow under credit facilities.&#160; While we believe that we have adequate sources of liquidity to meet our anticipated requirement for working capital, debt servicing and capital expenditures through fiscal 201</font><font style="font-family:Arial; font-size:10pt">4</font><font style="font-family:Arial; font-size:10pt">, if our operating results were to worsen significantly and our cash flows or capital resources prove inadequate, or if interest rates increase significantly, we could face liquidity problems that could materially and adversely affect our results of operations and financial condition.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:normal">Our fleet rotation program can be adversely affected by financial market conditions.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">To meet the needs of our customers, U-Haul maintains a large fleet of rental equipment. Our rental truck fleet rotation program is funded internally through operations and externally from debt and lease financing. Our ability to fund our routine fleet </font><font style="font-family:Arial; font-size:10pt">rotation </font><font style="font-family:Arial; font-size:10pt">program could be adversely affected if financial market conditions limit the general availability of external financing. This could lead </font><font style="font-family:Arial; font-size:10pt">us to operate</font><font style="font-family:Arial; font-size:10pt"> trucks longer than initially planned and</font><font style="font-family:Arial; font-size:10pt">/or</font><font style="font-family:Arial; font-size:10pt"> reducing the size of the fleet, either of which could materially and negatively affect our results of operations.</font><a name="EDGAR_PAGE_END11"></a></p>
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            <p style="margin:0pt"><a name="EDGAR_HF_H_START_29"></a><a name="EDGAR_HF_H_END_30"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START12"></a><font style="font-family:Arial; font-size:10pt">Another important aspect of our fleet rotation program is the sale of used rental equipment. The sale of used equipment provides </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt"> with funds that can be used to purchase new equipment. Conditions may arise that could lead to the decrease in resale values for our used equipment</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">T</font><font style="font-family:Arial; font-size:10pt">his could have a material adverse effect on our financial results, which would result in losses on the sale of equipment and decreases in cash flows from the sales of equipment.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:normal">We obtain our rental trucks from a limited number of manufacturers.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">In recent years</font><font style="font-family:Arial; font-size:10pt">, we </font><font style="font-family:Arial; font-size:10pt">have </font><font style="font-family:Arial; font-size:10pt">purchased the majority of our rental trucks from Ford Motor Company and General Motors Corporation. Our fleet can be negatively affected by issues our manufacturers may face within their own supply chain. Also, it is possible that our suppliers may face financial difficulties or organizational changes which could negatively impact their ability to accept future orders or fulfill existing orders</font><font style="font-family:Arial; font-size:10pt"> and we may, at some point, be forced to purchase from other manufacturers</font><font style="font-family:Arial; font-size:10pt">. </font><font style="font-family:Arial; font-size:10pt">The cost of acquiring new rental trucks could increase materially and negatively affect our ability to rotate new equipment into the fleet. </font><font style="font-family:Arial; font-size:10pt">Although we believe that we could contract with alternative manufacturers for our rental trucks, we cannot guarantee or predict how long that would take</font><font style="font-family:Arial; font-size:10pt"> or if such a decision would result in material cost increases</font><font style="font-family:Arial; font-size:10pt">. </font><font style="font-family:Arial; font-size:10pt">Ultimately</font><font style="font-family:Arial; font-size:10pt">, termination of </font><font style="font-family:Arial; font-size:10pt">or changes to </font><font style="font-family:Arial; font-size:10pt">our existing relationship with these suppliers could have a material adverse effect on our business, financial condition or results of operations for an indefinite period of time.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:normal">We may not be able to effectively hedge against interest rate changes in our variable debt.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">In certain instances, the Company seeks to manage its exposure to interest rate risk through the use of hedging instruments including interest rate swap agreements and forward swaps. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> enter into these arrangements with counterparties that are significant financial institutions with whom we generally have other financial arrangements. We are exposed to credit risk should these counterparties not be able to perform on their obligations. Additionally, a failure on our part to effectively hedge against interest rate changes may adversely affect our financial condition and results of operations. We are required to record these financial instruments at their fair value. Changes in interest rates can significantly impact the valuation of the instruments resulting in non-cash changes to our financial position.</font></p>
            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">We are controlled by a small contingent of stockholders.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">As of </font><font style="font-family:Arial; font-size:10pt">March</font><font style="font-family:Arial; font-size:10pt"> 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, Edward J. Shoen, </font><font style="font-family:Arial; font-size:10pt">President and </font><font style="font-family:Arial; font-size:10pt">Chairman of the Board of AMERCO, James P. Shoen, a direct</font><font style="font-family:Arial; font-size:10pt">or of AMERCO, and Mark V. Shoen</font><font style="font-family:Arial; font-size:10pt"> collectively are the</font><font style="font-family:Arial; font-size:10pt"> beneficial</font><font style="font-family:Arial; font-size:10pt"> owners </font><font style="font-family:Arial; font-size:10pt">of </font><font style="font-family:Arial; font-size:10pt">9,139,018</font><font style="font-family:Arial; font-size:10pt"> shares</font><font style="font-family:Arial; font-size:10pt"> (</font><font style="font-family:Arial; font-size:10pt">approximately </font><font style="font-family:Arial; font-size:10pt">46.6</font><font style="font-family:Arial; font-size:10pt">%)</font><font style="font-family:Arial; font-size:10pt"> of the outstanding common </font><font style="font-family:Arial; font-size:10pt">stock of AMERCO. In addition,</font><font style="font-family:Arial; font-size:10pt"> Edward J. Shoen, James P. Shoen, Mark V. Shoen, Rosmarie T. Donovan (Trustee of the Shoen Irrevocable Trusts) and </font><font style="font-family:Arial; font-size:10pt">David L. Holmes</font><font style="font-family:Arial; font-size:10pt"> (</font><font style="font-family:Arial; font-size:10pt">Successor </font><font style="font-family:Arial; font-size:10pt">Trustee of the Irrevocable &#8220;C&#8221; Trusts) (collectively, the &#8220;Reporting Persons&#8221;) </font><font style="font-family:Arial; font-size:10pt">are parties to</font><font style="font-family:Arial; font-size:10pt"> a stockholder agreement</font><font style="font-family:Arial; font-size:10pt"> dated June 30, 2006</font><font style="font-family:Arial; font-size:10pt"> in which the Reporting Persons agreed to vote as one as provided in this agreement</font><font style="font-family:Arial; font-size:10pt"> (the &#8220;Stockholder Agreement&#8221;).&#160; </font><font style="font-family:Arial; font-size:10pt">Pursuan</font><font style="font-family:Arial; font-size:10pt">t to the Stockholder Agreement, a </font><font style="font-family:Arial; font-size:10pt">collective </font><font style="font-family:Arial; font-size:10pt">10,897,</font><font style="font-family:Arial; font-size:10pt">741</font><font style="font-family:Arial; font-size:10pt"> shares</font><font style="font-family:Arial; font-size:10pt"> (approximately </font><font style="font-family:Arial; font-size:10pt">55.6%)</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">of the Company&#8217;s common stock</font><font style="font-family:Arial; font-size:10pt"> are voted at the direction of a majority in interest of the Reporting Persons.&#160; </font><font style="font-family:Arial; font-size:10pt">For additional informa</font><font style="font-family:Arial; font-size:10pt">tion, refer to the Schedule 13D</font><font style="font-family:Arial; font-size:10pt">s filed on July 13, 2006, March 9, 2007</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> June 26, 2009</font><font style="font-family:Arial; font-size:10pt"> and on May 1, 2013</font><font style="font-family:Arial; font-size:10pt"> with the SEC. In addition, </font><font style="font-family:Arial; font-size:10pt">1,450,205</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">shares (approximately </font><font style="font-family:Arial; font-size:10pt">7.4</font><font style="font-family:Arial; font-size:10pt">%) of the outstanding common </font><font style="font-family:Arial; font-size:10pt">stock</font><font style="font-family:Arial; font-size:10pt"> of AMERCO are held by our Employee Savings and Employee Stock Ownership Trust.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As a result of their stock ownership and the Stockholder Agreement, Edward J. Shoen, Mark V. Shoen and James P. Shoen are in a position to significantly influence </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> business affairs and policies of the Company, including the approval of significant transactions, the election of the members of </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> Board</font><font style="font-family:Arial; font-size:10pt"> of Directors (the &#8220;Board&#8221;)</font><font style="font-family:Arial; font-size:10pt"> and other matters submitted to our stockholders. There can be no assurance that the interests of the Reporting Persons will not conflict with the interest</font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt"> of our other stockholders. </font><font style="font-family:Arial; font-size:10pt">Furthermore, as a result of the Reporting Persons&#8217; voting power, the Company is a &#8220;controlled company&#8221; as defined in the N</font><font style="font-family:Arial; font-size:10pt">asdaq</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">L</font><font style="font-family:Arial; font-size:10pt">isting </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">ules and, therefore</font><font style="font-family:Arial; font-size:10pt"> avails itself or</font><font style="font-family:Arial; font-size:10pt"> may avail itself of certain exemptions under N</font><font style="font-family:Arial; font-size:10pt">asdaq</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">rules</font><font style="font-family:Arial; font-size:10pt">, including exemptions from the rules that require </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt"> to have (i) a majority of independent directors on the Board; (ii) </font><font style="font-family:Arial; font-size:10pt">independent director oversight of executive officer compensation; and (iii) independent director oversight of director nominations.</font><a name="EDGAR_PAGE_END12"></a></p>
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            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START13"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">We bear certain risks related to our notes receivable from SAC Holdings.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">At March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, we held $</font><font style="font-family:Arial; font-size:10pt">72.4</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">million of notes receivable from SAC Holdings, which consist of junior unsecured notes. SAC Holdings is highly leveraged with significant indebtedness to others. If SAC Holdings is unable to meet its obligations to its senior lenders, it could trigger a default of its obligations to us. In such an event of default, we could suffer a loss to the extent the value of the underlying collateral of SAC Holdings is inadequate to repay SAC Holdings senior lenders and our junior unsecured notes.&#160; We cannot assure you that SAC Holdings will not default on its loans to its senior lenders or that the value of SAC Holdings assets upon liquidation would be sufficient to repay us in full.</font><font style="font-family:Arial; font-size:10pt"> </font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Our quarterly results of operations fluctuate due to seasonality and other factors associated with our industry.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our business is seasonal and our results of operations and cash flows fluctuate significantly from quarter to quarter. Historically, revenues have been stronger in the first and second fiscal quarters due to the overall increase in moving activity during the spring and summer months. The fourth fiscal quarter is generally weakest, due to a greater potential for adverse weather conditions and other factors that are not necessarily seasonal. As a result, our operating results for a</font><font style="font-family:Arial; font-size:10pt">ny</font><font style="font-family:Arial; font-size:10pt"> given quarterly period are not necessarily indicative of operating results for an entire year.</font></p>
            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Our operations subject us to numerous environmental regulations and the possibility that environmental liability in the future could adversely affect our operations.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Compliance with environmental requirements of federal, state and local governments significantly affects our business. Among other things, these requirements regulate the discharge of materials into the air, land and water and govern the use and disposal of hazardous substances. Under environmental laws or common law principles, we can be held liable for hazardous substances that are found on real property we have owned or operated. We are aware of issues regarding hazardous substances on some of our real estate and we have put in place a remedia</font><font style="font-family:Arial; font-size:10pt">tion</font><font style="font-family:Arial; font-size:10pt"> plan at each site where we believe such a plan is necessary. See Note </font><font style="font-family:Arial; font-size:10pt">19</font><font style="font-family:Arial; font-size:10pt">, Contingencies of the Notes to Consolidated Financial Statements. We regularly make capital and operating expenditures to stay in compliance with environmental laws. In particular, we have managed a testing and removal program since 1988 for our underground storage tanks.&#160; Despite these compliance efforts, we believe that </font><font style="font-family:Arial; font-size:10pt">the </font><font style="font-family:Arial; font-size:10pt">risk of environmental liability is part of the nature of our business. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Environmental laws and regulations are complex, change frequently and could become more stringent in the future. We cannot assure you that future compliance with these regulations, future environmental liabilities, the cost of defending environmental claims, conducting any environmental remediation or generally resolving liabilities caused by us or related third parties will not have a material adverse effect on our business, financial condition or results of operations.</font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">We operate in a highly regulated industry and changes in existing regulations or violations of existing or future regulations could have a material adverse effect on our operations and profitability.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our truck and trailer rental business is subject to regulation by various federal, state and foreign governmental entities. Specifically, the U.S. Department of Transportation and various state and federal agencies exercise broad powers over our motor carrier operations, safety, and the generation, handling, storage, treatment and disposal of waste materials. In addition, our storage business is also subject to federal, state and local laws and regulations relating to environmental protection and human health and safety. The failure to adhere to these laws and regulations may adversely affect our ability to sell or rent such property or to use the property as collateral for future borrowings. Compliance with changing regulations could substantially impair real property and equipment productivity and increase our costs. In addition, the Federal government may institute some regulation that limits carbon emissions by setting a maximum amount of carbon entities can emit without penalty. This would likely affect everyone who uses fossil fuels and would disproportionately affect users in the highway transportation industries. While there are too many variables at this time to assess the impact of the various proposed federal and state regulations that could affect carbon emissions, many experts believe these proposed rules could significantly affect the way companies operate in their industries.</font><a name="EDGAR_PAGE_END13"></a></p>
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            <p style="margin:6pt 0pt"><a name="EDGAR_PAGE_START14"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Our ability to attract and retain qualified employees, and changes in laws or other labor issues could adversely affect our business and our results of operations.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The success of our business is predicated upon our workforce providing excellent customer service. Our ability to attract and retain this employee base may be inhibited due to prevailing wage rates, benefit costs and the adoption of new or revised employment and labor laws and regulations. Should this occur we may be unable to provide service in certain areas or we may experience significantly increased costs of labor that could adversely affect our results of operations and financial condition.</font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">We are highly dependent upon our automated systems and the </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">I</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">nternet for managing our business.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our information systems are largely </font><font style="font-family:Arial; font-size:10pt">I</font><font style="font-family:Arial; font-size:10pt">nternet-based, including our point-of-sale reservation system and telephone systems. While our reliance on this technology lowers our cost of providing service and expands our abilities to serve, it exposes </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt"> to various risks including natural and man-made disasters. We have put into place backup systems and alternative procedures to mitigate this risk.&#160; However, disruptions or breaches in any portion of these systems could adversely affect our results of operations and financial condition.&#160; </font></p>
            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">A.M. Best financial strength ratings are crucial to our life insurance business.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">In </font><font style="font-family:Arial; font-size:10pt">May 2013, A</font><font style="font-family:Arial; font-size:10pt">.M. Best affirmed the financial strength rating for Oxford, Christian Fidelity Life Insurance Company</font><font style="font-family:Arial; font-size:10pt"> (&#8220;CFLIC&#8221;)</font><font style="font-family:Arial; font-size:10pt">, North American Insurance Company</font><font style="font-family:Arial; font-size:10pt"> (&#8220;NAI&#8221;)</font><font style="font-family:Arial; font-size:10pt"> of B++.</font><font style="font-family:Arial; font-size:10pt"> Oxford&#8217;s and CFLIC&#8217;s outlook remains positive, whereas NAI&#8217;s outlook was stable.</font><font style="font-family:Arial; font-size:10pt"> Financial strength ratings are important external factors that can affect the success of Oxford&#8217;s business plans. Accordingly, if Oxford&#8217;s ratings, relative to its competitors, are not maintained or do not continue to improve, Oxford may not be able to retain and attract business as currently planned, which could adversely affect our results of operations and financial condition.</font><font style="font-family:Arial; font-size:10pt"> </font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">We may incur losses due to our reinsurers&#8217; or counterparties&#8217; failure to perform under existing contracts or we may be unable to secure sufficient reinsurance or hedging protection in the future.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We use reinsurance and derivative contracts to mitigate our risk of loss in various circumstances; primarily at </font><font style="font-family:Arial; font-size:10pt">Repwest</font><font style="font-family:Arial; font-size:10pt"> and for our Moving and Storage operating segment. These agreements do not release us from our primary obligations and therefore we remain ultimately responsible for these potential costs. We cannot provide assurance that these reinsurers or counterparties will fulfill their obligations. Their inability or unwillingness to make payments to us under the terms of the contracts may have a material adverse effect on our financial condition and results of operation.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">At December 31, 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">, Repwest reported $</font><font style="font-family:Arial; font-size:10pt">1.7</font><font style="font-family:Arial; font-size:10pt"> million of reinsurance recoverables, net of allowances and $</font><font style="font-family:Arial; font-size:10pt">176.4</font><font style="font-family:Arial; font-size:10pt"> million of reserves and liabilities ceded to reinsurers</font><font style="font-family:Arial; font-size:10pt">. Of this, </font><font style="font-family:Arial; font-size:10pt">Repwest&#8217;s</font><font style="font-family:Arial; font-size:10pt"> largest exposure to a single reinsurer was $</font><font style="font-family:Arial; font-size:10pt">72.1</font><font style="font-family:Arial; font-size:10pt"> million.</font></p>
            <p style="margin:0pt 0pt 6pt"><a name="_DMBM_307"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Item 1B.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic"> </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Unresolved Staff Comments</font></a></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We have no unresolved staff comments at March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Item 2. Properties</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The Company, through its legal subsidiaries, owns property, plant and equipment that are utilized in the manufacturing, repair and rental of </font><font style="font-family:Arial; font-size:10pt">U-Haul</font><font style="font-family:Arial; font-size:10pt; font-style:italic"> </font><font style="font-family:Arial; font-size:10pt">equipment and storage space, as well as providing office space for </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt">. Such facilities exist throughout the United States and Canada. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> also manage storage facilities owned by others. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> operate</font><font style="font-family:Arial; font-size:10pt"> approximately</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">1,490</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">U-Haul</font><font style="font-family:Arial; font-size:10pt; font-style:italic"> </font><font style="font-family:Arial; font-size:10pt">retail centers of </font><font style="font-family:Arial; font-size:10pt">which 481 are managed</font><font style="font-family:Arial; font-size:10pt"> for other owners, and </font><font style="font-family:Arial; font-size:10pt">operates </font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt"> manufacturing and assembly facilities. We also operate </font><font style="font-family:Arial; font-size:10pt">150</font><font style="font-family:Arial; font-size:10pt"> fixed-site repair facilities located throughout</font><font style="font-family:Arial; font-size:10pt"> the United States and Canada. These facilities are used primarily for the benefit of our Moving and Storage operating segment.</font><a name="EDGAR_PAGE_END14"></a></p>
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            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_PAGE_START15"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Item 3. Legal Proceedings</font></p>
            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Shoen</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">In September 2002, Paul F. Shoen filed a shareholder derivative lawsuit in the Second Judicial District Court of the State of Nevada, Washoe County, captioned </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Paul F. Shoen vs. SAC Holding Corporation et al</font><font style="font-family:Arial; font-size:10pt">., CV 02-05602, seeking damages and equitable relief on behalf of AMERCO from SAC Holdings and certain current and former members of the AMERCO Board of Directors, including Edward J. Shoen, Mark V. Shoen and James P. Shoen as Defendants. AMERCO is named as a nominal Defendant in the case. The complaint alleges breach of fiduciary duty, self-dealing, usurpation of corporate opportunities, wrongful interference with prospective economic advantage and unjust enrichment and seeks the unwinding of sales of </font><font style="font-family:Arial; font-size:10pt">self-storage</font><font style="font-family:Arial; font-size:10pt"> properties by subsidiaries of AMERCO to SAC prior to the filing of the complaint. The complaint seeks a declaration that such transfers are void as well as unspecified damages. In October 2002, the Defendants filed motions to dismiss the complaint. Also in October 2002, Ron Belec filed a derivative action in the Second Judicial District Court of the State of Nevada, Washoe County, captioned </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Ron Belec vs. William E. Carty, et al</font><font style="font-family:Arial; font-size:10pt">., CV 02-06331 and in January 2003, M.S. Management Company, Inc. filed a derivative action in the Second Judicial District Court of the State of Nevada, Washoe County, captioned </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">M.S. Management Company, Inc. vs. William E. Carty, et al</font><font style="font-family:Arial; font-size:10pt">., CV 03-00386. Two additional derivative suits were also filed against these parties. Each of these suits is substantially similar to the Paul F. Shoen case. The Court consolidated the five cases and thereafter dismissed these actions in May 2003, concluding that the AMERCO Board of Directors had the requisite level of independence required in order to have these claims resolved by the Board. Plaintiffs appealed this decision and, in July 2006, the Nevada Supreme Court reversed the ruling of the trial court and remanded the case to the trial court for proceedings consistent with its ruling, allowing the Plaintiffs to file an amended complaint and plead in addition to substantive claims, demand futility.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">In November 2006, the Plaintiffs filed an amended complaint. In December 2006, the Defendants filed motions to dismiss, based on various legal theories. In March 2007, the Court denied AMERCO&#8217;s motion to dismiss regarding the issue of demand futility, stating that &#8220;Plaintiffs have satisfied the heightened pleading requirements of demand futility by showing a majority of the members of the AMERCO Board of Directors were interested parties in the SAC transactions.&#8221; The Court heard oral argument on the remainder of the Defendants&#8217; motions to dismiss, including the motion (&#8220;Goldwasser Motion&#8221;) </font><font style="font-family:Arial; font-size:10pt">based on the fact that the subject matter of the lawsuit had been settled and dismissed in earlier litigation known as </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Goldwasser v. Shoen</font><font style="font-family:Arial; font-size:10pt">, C.V.N.-94-00810-ECR (D.Nev), Washoe County, Nevada</font><font style="font-family:Arial; font-size:10pt">. In addition, in September and October 2007, the Defendants filed Motions for Judgment on the Pleadings or in the Alternative Summary Judgment, based on the fact that the stockholders of the Company had ratified the underlying transactions at the 2007 annual meeting of stockholders of AMERCO. In December 2007, the Court denied this motion. This ruling does not preclude a renewed motion for summary judgment after discovery and further proceedings on these issues. </font><font style="font-family:Arial; font-size:10pt">On April 7, 2008, the litigation was dismissed, on the basis of the Goldwasser Motion. </font><font style="font-family:Arial; font-size:10pt">On May 8, 2008, the Plaintiffs filed a notice of appeal of such dismissal to the Nevada Supreme Court</font><font style="font-family:Arial; font-size:10pt"> (the &#8220;Court&#8221;)</font><font style="font-family:Arial; font-size:10pt">. On May 20, 2008, AMERCO filed a cross appeal relating to the denial of its Motion to Dismiss in regard to demand</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">futility.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">On May 12, 2011, the Nevada Supreme Court affirmed in part, reversed in part, and remanded the case for further proceedings.&#160; First, the Court ruled that the Goldwasser settlement did not release claims that arose after the agreement and, therefore, reversed the trial court&#8217;s dismissal of the Complaint on that ground. Second, the Court affirmed the district court&#8217;s determination that the in pari delicto defense is available in a derivative suit and reversed and remanded to the district court to determine if the defense applies to this matter.&#160; Third, the Court remanded to the district court to conduct an evidentiary hearing to determine whether demand upon the AMERCO Board was, in fact, futile.&#160; Fourth, the Court invited AMERCO to seek a ruling from the district court as to the legal effect of the AMERCO Shareholders&#8217;</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">2008 ratification of the underlying AMERCO/SAC transactions.&#160; </font><a name="EDGAR_PAGE_END15"></a></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_45"></a><font style="font-family:Arial; font-size:8pt">12</font><a name="EDGAR_HF_F_END_46"></a></p>
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            <p style="margin:0pt"><a name="EDGAR_HF_H_START_41"></a><a name="EDGAR_HF_H_END_42"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_PAGE_START16"></a><font style="font-family:Arial; font-size:10pt">Last, as to individual claims for relief, the Court affirmed the district court&#8217;s dismissal of the breach of fiduciary duty of loyalty claims as to all defendants except Mark Shoen.&#160; The Court affirmed the district court&#8217;s dismissal of the breach of fiduciary duty: ultra vires Acts claim as to all defendants. The Court reversed the district court&#8217;s dismissal of aiding and abetting a breach of fiduciary duty and unjust enrichment claims against the SAC entities.&#160; The Court reversed the trial court&#8217;s dismissal of the claim for wrongful interference with prospective economic advantage as to all defendants.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">On remand, on July 22, 2011, AMERCO filed a Motion for Summary Judgment based upon the Shareholder&#8217;s Ratification of the SAC transactions. In addition, on August 29, 2011, certain defendants filed a Motion to Dismiss Plaintiffs&#8217; Claim for Wrongful Interference with Prospective Economic Advantage. On August 31, 2011, the trial court held a status conference and entered an order setting forth the briefing schedule for the two motions.</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">On December 23, 2011, the trial court denied AMERCO&#8217;s motion for summary judgment and certain defendants&#8217; motion to dismiss. The court set a discovery schedule on the limited issue of demand futility.&#160; A four day evidentiary hearing on demand futility was scheduled to begin on August 20, 2012.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">On August 6, 2012, Max Belec and Glenbrook Capital Limited Partnership, voluntarily dismissed their complaint with prejudice. On August 20, 2012, the remaining plaintiffs, Paul Shoen and Alan Kahn, dismissed their complaint with prejudice. AMERCO paid none of plaintiffs&#8217; attorneys&#8217; fees or costs. In return, AMERCO released plaintiffs from further related litigation based on plaintiffs&#8217; conduct in this litigation. Moreover, Paul Shoen, Alan Kahn, Grover Wickersham and numerous individuals and entities related to Paul Shoen and Grover Wickersham agreed to sell all of their AMERCO securities in the open market and not sue AMERCO or any of the other defendants for 20 years. If the plaintiffs or the related parties breach this agreement, Paul Shoen will be responsible for $5,000,000 in liquidated damages. The parties filed a final Mutual Release Agreement with the Court on October 16, 2012, thereby terminating the case in its entirety, with prejudice.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Environmental</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Compliance with environmental requirements of federal, state and local governments may significantly affect </font><font style="font-family:Arial; font-size:10pt">the operation of </font><font style="font-family:Arial; font-size:10pt">Real Estate&#8217;s business. Among other things, these requirements regulate the discharge of materials into the air, land and water and govern the use and disposal of hazardous substances. Real Estate is aware of issues regarding hazardous substances on some of its properties. Real Estate regularly makes capital and operating expenditures to stay in compliance with environmental laws and has put in place a remedial plan at each site where it believes such a plan is necessary. Since 1988, Real Estate has managed a testing and removal program for underground storage tanks.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Based upon the information currently available to Real Estate, compliance with the environmental laws and its share of the costs of investigation and cleanup of known hazardous waste sites are not expected to result in a material adverse effect on AMERCO&#8217;s financial position or results of operations.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Other</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The Company is named as a defendant in various other litigation and claims arising out of the normal course of business. In management&#8217;s opinion, none of these other matters will</font><font style="font-family:Arial; font-size:10pt"> individually</font><font style="font-family:Arial; font-size:10pt"> have a material effect on the Company&#8217;s financial position and results of operations.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Item</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic"> 4. Mine Safety Disclosure</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Not applicable.</font></p>
            <p style="margin:0pt 0pt 6pt; text-align:center"><a name="_DMBM_308"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">Part ii</font></a></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Item 5.Market for the Registrant&#8217;s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As of </font><font style="font-family:Arial; font-size:10pt">May 30</font><font style="font-family:Arial; font-size:10pt">, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, there were </font><font style="font-family:Arial; font-size:10pt">approximately </font><font style="font-family:Arial; font-size:10pt">3,500</font><font style="font-family:Arial; font-size:10pt"> holders</font><font style="font-family:Arial; font-size:10pt"> of record of our common stock. We derived the number of our stockholders using internal stock le</font><font style="font-family:Arial; font-size:10pt">d</font><font style="font-family:Arial; font-size:10pt">gers and utilizing Mellon Investor Services Stockholder listings. AMERCO&#8217;s common stock is listed on</font><font style="font-family:Arial; font-size:10pt"> the</font><font style="font-family:Arial; font-size:10pt"> NASDAQ Global Select Market under the trading symbol &#8220;UHAL&#8221;.</font><a name="EDGAR_PAGE_END16"></a></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_57"></a><font style="font-family:Arial; font-size:8pt">13</font><a name="EDGAR_HF_F_END_58"></a></p>
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            <p style="margin:0pt"><a name="EDGAR_HF_H_START_53"></a><a name="EDGAR_HF_H_END_54"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><a name="EDGAR_PAGE_START17"></a><font style="font-family:Arial; font-size:10pt">The following table sets forth the high and the low sales price of the common stock of AMERCO for the periods indicated:</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td colspan="11" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Years Ended March 31,</font></p>
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                    <td colspan="4" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">2013</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td colspan="4" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">2012</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">High</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Low</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">High</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Low</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:220.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">First quarter</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">106.71</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">75.41</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">103.36</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">83.90</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:220.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Second quarter</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">109.83</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">87.26</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">97.25</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">60.18</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Third quarter</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">126.89</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">98.74</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">90.45</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">60.44</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Fourth quarter</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">178.70</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">128.42</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">126.14</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">89.34</font></p>
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            <p style="margin:6pt 0pt 6pt 7.2pt; text-indent:-7.2pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Dividends</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO does not have a formal dividend policy. The Board periodically considers the advisability of declaring and paying dividends to common stockholders in light of existing circumstances.</font><font style="font-family:Arial; font-size:10pt"> Any past payments of dividends, special or otherwise, is not an indication of a trend on future payments, if any.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">On November 7, 2012, the Company declared a special cash dividend on its Common Stock of $5.00 per share to holders of record on November 19, 2012. The dividend was paid on November 30, 2012.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">On December 7, 2011, the Company declared a special cash dividend on its Common Stock of $1.00 per share to holders of record on December 23, 2011. The dividend was paid on January 3, 2012.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">See Note </font><font style="font-family:Arial; font-size:10pt">21</font><font style="font-family:Arial; font-size:10pt">, Statutory Financial Information of Insurance Subsidiaries of the Notes to Consolidated Financial Statements for a discussion of certain statutory restrictions on the ability of the insurance subsidiaries to pay dividends to AMERCO.</font><a name="EDGAR_PAGE_END17"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_57"></a><font style="font-family:Arial; font-size:8pt">14</font><a name="EDGAR_HF_F_END_58"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_53"></a><a name="EDGAR_HF_H_END_54"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <p style="margin:6pt 0pt 6pt 7.2pt; text-indent:-7.2pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START18"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Performance Graph</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">The following graph compares the cumulative total stockholder return on the Company&#8217;s common stock for the period March 31, 200</font><font style="font-family:Arial; font-size:10pt">8</font><font style="font-family:Arial; font-size:10pt"> through March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> with the cumulative total return on the Dow Jones US Total Market and the Dow Jones US Transportation Average. The comparison assumes that $100 was invested on March 31, 200</font><font style="font-family:Arial; font-size:10pt">8</font><font style="font-family:Arial; font-size:10pt"> in the Company&#8217;s common stock and in each of the comparison indices. The graph reflects the value of the investment based on the closing price of the common stock trading on NASDAQ on March 31, 200</font><font style="font-family:Arial; font-size:10pt">9</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">10</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">11,</font><font style="font-family:Arial; font-size:10pt"> 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:center; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0">
                <img src="image2.gif" width="600" height="523" >
            </p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:222pt">
                        <p style="margin:0pt"><a name="DOC_TBL00001_1_1"></a><font style="font-family:Arial; font-size:10pt">Fiscal years ended March 31:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold; text-decoration:underline">2008</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold; text-decoration:underline">2009</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold; text-decoration:underline">2010</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold; text-decoration:underline">2011</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold; text-decoration:underline">2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold; text-decoration:underline">2013</font></p>
                    </td>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:222pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:222pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">AMERCO</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">100</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">59</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">95</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">170</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">187</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">321</font></p>
                    </td>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:222pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Dow Jones US Total Market</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">100</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">62</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">95</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">111</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">119</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">136</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:222pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Dow Jones US Transportation Average</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">100</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">57</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">95</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">117</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">118</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">143</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:6pt 0pt 6pt 7.2pt; text-indent:-7.2pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Issuer Purchases of Equity Securities</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">On December 3, 2008, the Board authorized us, using management&#8217;s discretion, to buy back shares from former employees who were participants in our Employee Stock Ownership Plan (&#8220;ESOP&#8221;). To be eligible for consideration, the employee</font><font style="font-family:Arial; font-size:10pt">&#8217;</font><font style="font-family:Arial; font-size:10pt">s ESOP account balance</font><font style="font-family:Arial; font-size:10pt">(</font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt">)</font><font style="font-family:Arial; font-size:10pt"> must be valued at more than $1,000 at the then-prevailing market prices but have less than 100 shares. No such shares have been purchased.</font><a name="EDGAR_PAGE_END18"></a></p>
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            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_57"></a><font style="font-family:Arial; font-size:8pt">15</font><a name="EDGAR_HF_F_END_58"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_53"></a><a name="EDGAR_HF_H_END_54"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><a name="EDGAR_PAGE_START19"></a><font style="font-family:Arial; font-size:10pt">On June 1, 2011</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">we</font><font style="font-family:Arial; font-size:10pt"> redeemed all 6,100,000 shares of </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> issued and outstanding Series A 8&#189;% Preferred Stock (&#8220;Series A Preferred&#8221;) at a redemption price of $25 per share plus accrued dividends through that date.&#160; </font><font style="font-family:Arial; font-size:10pt">Pursuant to Financial Accounting Standards Board (&#8220;FASB&#8221;) Accounting Standards Codification (&#8220;ASC&#8221;) 260 - </font><font style="font-family:Arial; font-size:10pt; font-style:italic">Earnings Per Share</font><font style="font-family:Arial; font-size:10pt"> (&#8220;ASC 260&#8221;)</font><font style="font-family:Arial; font-size:10pt">, for earnings per share purposes, we recognize</font><font style="font-family:Arial; font-size:10pt">d</font><font style="font-family:Arial; font-size:10pt"> the deficit of the carrying amount of the Series A Preferred over the consideration paid to redeem the shares.&#160; </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">The Series A Preferred was recorded in our Additional Paid-In Capital account, net of original issue costs at $146.3 million prior to the redemption. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> paid $152.5 million to redeem the shares on June 1, 2011 of which $7.7 million was paid to our insurance subsidiaries in exchange for their holdings. The difference between what was paid to redeem the shares less their carrying amount on our balance sheet, reduced by our insurance </font><font style="font-family:Arial; font-size:10pt">subsidiaries</font><font style="font-family:Arial; font-size:10pt"> holdings </font><font style="font-family:Arial; font-size:10pt">wa</font><font style="font-family:Arial; font-size:10pt">s $5.9 million. This amount was recognized as a reduction to our earnings</font><font style="font-family:Arial; font-size:10pt"> available to our common shareholders for the purposes of computing earnings</font><font style="font-family:Arial; font-size:10pt"> per share</font><font style="font-family:Arial; font-size:10pt"> for fiscal 2012</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">From January 1, 2009 through </font><font style="font-family:Arial; font-size:10pt">March</font><font style="font-family:Arial; font-size:10pt"> 31, 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, our insurance subsidiaries purchased </font><font style="font-family:Arial; font-size:10pt">308,300</font><font style="font-family:Arial; font-size:10pt"> shares of Series A Preferred on the open market for $</font><font style="font-family:Arial; font-size:10pt">7.2</font><font style="font-family:Arial; font-size:10pt"> million. Pursuant to ASC 260 for earnings per share purposes, </font><font style="font-family:Arial; font-size:10pt">we recognize </font><font style="font-family:Arial; font-size:10pt">the excess</font><font style="font-family:Arial; font-size:10pt"> or deficit</font><font style="font-family:Arial; font-size:10pt"> of the carrying amount of the Series A Preferred over the fair value of the consideration paid</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">For fiscal 2011, this resulted in a $0.2 million charge to net earnings as the amount paid by the insurance companies exceeded the carrying value,</font><font style="font-family:Arial; font-size:10pt"> net of a prorated portion of original issue costs</font><font style="font-family:Arial; font-size:10pt"> of the preferred stock.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt"> </font><a name="EDGAR_PAGE_END19"></a></p>
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            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_57"></a><font style="font-family:Arial; font-size:8pt">16</font><a name="EDGAR_HF_F_END_58"></a></p>
            <br>
        </div>
        </div>
        <br style=" clear:both; mso-break-type:section-break" />
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_65"></a><a name="EDGAR_HF_H_END_66"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <p style="margin:6pt 0pt 6pt 7.2pt; text-indent:-7.2pt"><a name="_DMBM_309"></a><a name="EDGAR_PAGE_START20"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Item 6.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Selected Financial Data</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The following selected financial data should be read in conjunction with the MD&amp;A, and the Consolidated Financial Statements and related notes in this Annual Report.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Listed below is selected financial data for AMERCO and consolidated </font><font style="font-family:Arial; font-size:10pt">subsidiaries</font><font style="font-family:Arial; font-size:10pt"> for each of the last five years:</font></p>
            <div style="text-align:center">
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin:0 auto">
                <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:middle; width:300pt">
                            <p style="margin:0pt"><a name="DOC_TBL00003_1_1"></a><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:middle; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td colspan="9" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Years Ended March 31,</font></p>
                        </td>
                    </tr>
                    <tr style="height:15pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">2013</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">2012</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">2011</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">2010</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">2009</font></p>
                        </td>
                    </tr>
                    <tr style="height:12.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td colspan="9" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(In thousands, except share and per share data)</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt; font-style:italic">Summary of Operations:</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Self-moving equipment rentals</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,767,520</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,678,256</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,547,015</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,419,726</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,423,022</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Self-storage revenues</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">152,660</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">134,376</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">120,698</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">110,369</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">110,548</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Self-moving and self-storage products and service sales</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">221,117</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">213,854</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">205,570</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">198,785</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">199,394</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Property management fees</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">24,378</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">23,266</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">22,132</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">21,632</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">23,192</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Life insurance premiums</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">178,115</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">277,562</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">206,992</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">134,345</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">109,572</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Property and casualty insurance premiums</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">34,342</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">32,631</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">30,704</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">27,625</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">28,337</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Net investment and interest income</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">82,903</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">73,552</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">62,745</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">60,989</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">69,845</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Other revenue</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">97,552</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">78,530</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">55,503</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">39,534</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">40,180</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Total revenues</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,558,587</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,512,027</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,251,359</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,013,005</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,004,090</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Operating expenses</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,170,568</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,093,190</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,026,577</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,022,061</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,057,880</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Commission expenses</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">228,124</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">212,190</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">190,981</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">169,104</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">171,303</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Cost of sales</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">107,216</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">116,542</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">106,024</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">104,049</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">114,387</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Benefits and losses</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">180,676</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">320,191</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">200,513</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">132,105</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">109,441</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Amortization of deferred policy acquisition costs</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">17,376</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">13,791</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9,494</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">7,569</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">12,394</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Lease expense</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">117,448</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">131,215</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">150,809</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">156,951</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">152,424</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Depreciation, net of (gains) losses on disposals (b)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">237,996</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">208,901</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">189,266</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">227,629</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">265,213</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Total costs and expenses</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,059,404</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,096,020</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,873,664</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,819,468</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,883,042</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Earnings from operations</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">499,183</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">416,007</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">377,695</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">193,537</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">121,048</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Interest expense</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(90,696)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(90,371)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(88,381)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(93,347)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(98,470)</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Pretax earnings</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">408,487</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">325,636</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">289,314</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">100,190</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">22,578</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Income tax expense</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(143,779)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(120,269)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(105,739)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(34,567)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(9,168)</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Net earnings</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">264,708</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">205,367</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">183,575</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">65,623</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">13,410</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Less: Excess of redemption value over carrying value of preferred shares redeemed</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(5,908)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(178)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">388</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Less:&#160; Preferred stock dividends (a)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(2,913)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(12,412)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(12,856)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(12,963)</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Earnings available to common stockholders</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">264,708</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">196,546</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">170,985</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">53,155</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">447</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Basic and diluted earnings per common share</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">13.56</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10.09</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">8.80</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2.74</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">0.02</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Weighted average common shares outstanding: Basic and diluted</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">19,518,779</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">19,476,187</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">19,432,781</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">19,386,791</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">19,350,041</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Cash dividends declared and accrued Preferred stock (a) </font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,913</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">12,412</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">12,856</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">12,963</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:10.5pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt; font-style:italic">Balance Sheet Data:</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Property, plant and equipment, net</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,755,054</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,372,365</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,094,573</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,948,388</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,013,928</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Total assets</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5,306,601</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,654,051</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,191,433</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,762,454</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,825,073</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Notes, loans and leases payable</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,661,845</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,486,211</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,397,842</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,347,635</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,546,490</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Stockholders' equity </font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,229,259</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,035,820</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">993,020</font></p>
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">812,911</font></p>
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">717,629</font></p>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:6pt">(a) Fiscal 2012, 2011 and 2010 reflect eliminations of $0.3 million, $0.6 million and $0.1 million, respectivley paid to affiliates.</font></p>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:6pt">(b) (Gains) losses were ($22.5) million, ($20.9) million, ($23.1) million, ($2.0) million&#160; and $16.6 million for fiscal 2013, 2012, 2011, 2010 and 2009, respectively.</font></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_69"></a><font style="font-family:Arial; font-size:8pt">17</font><a name="EDGAR_HF_F_END_70"></a></p>
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            <p style="margin:6pt 0pt 6pt 7.2pt; text-indent:-7.2pt"><a name="_DMBM_310"></a><a name="EDGAR_PAGE_START21"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Item 7.Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We begin this MD&amp;A with the overall strategy of AMERCO, followed by a description of and strategy related to, our operating segments to give the reader an overview of the goals of our businesses and the direction in which our businesses and products are moving. We then discuss our critical accounting policies and estimates that we believe are important to understanding the assumptions and judgments incorporated in our reported financial results. </font><font style="font-family:Arial; font-size:10pt">Next, w</font><font style="font-family:Arial; font-size:10pt">e discuss our results of operations for fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> compared with fiscal 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">, and for fiscal 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> compared with fiscal 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt"> which </font><font style="font-family:Arial; font-size:10pt">are</font><font style="font-family:Arial; font-size:10pt"> followed by an analysis of changes in our balance sheets and cash flows, and a discussion of our financial commitments in the sections entitled Liquidity and Capital Resources and Disclosures about Contractual Obligations and Commercial Commitments. We conclude this MD&amp;A by discussing our outlook for fiscal 201</font><font style="font-family:Arial; font-size:10pt">4</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">This MD&amp;A should be read in conjunction with the other sections of this Annual Report, including Item 1: Business, Item 6: Selected Financial Data and Item 8: Financial Statements and Supplementary Data. The various sections of this MD&amp;A contain a number of forward-looking statements, as discussed under the caption, Cautionary Statements Regarding Forward-Looking Statements, all of which are based on our current expectations and could be affected by the uncertainties and risk factors described throughout this </font><font style="font-family:Arial; font-size:10pt">Annual Report</font><font style="font-family:Arial; font-size:10pt"> and particularly under the section Item 1A: Risk Factors. Our actual results may differ materially from these forward-looking statements.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO has a fiscal year that ends on the 31</font><font style="font-family:Arial; font-size:6.67pt; vertical-align:super">st</font><font style="font-family:Arial; font-size:10pt"> of March for each year that is referenced. Our insurance company subsidiaries have fiscal years that end on the 31</font><font style="font-family:Arial; font-size:6.67pt; vertical-align:super">st</font><font style="font-family:Arial; font-size:10pt"> of December for each year that is referenced. They have been consolidated on that basis. Our insurance companies&#8217; financial reporting processes conform to calendar year reporting as required by state insurance departments. Management believes that consolidating their calendar year into our fiscal year financial statements does not materially affect the</font><font style="font-family:Arial; font-size:10pt"> presentation of</font><font style="font-family:Arial; font-size:10pt"> financial position or results of operations. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> disclose a</font><font style="font-family:Arial; font-size:10pt">ll</font><font style="font-family:Arial; font-size:10pt"> material events</font><font style="font-family:Arial; font-size:10pt">, if any,</font><font style="font-family:Arial; font-size:10pt"> occurring during the intervening period. Consequently, all references to our insurance subsidiaries&#8217; years 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">10</font><font style="font-family:Arial; font-size:10pt"> correspond to fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt"> for AMERCO. </font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Overall Strategy</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our overall strategy is to maintain our leadership position in the North American &#8220;do-it-yourself&#8221; moving and storage industry. We accomplish this by providing a seamless and integrated supply chain to the &#8220;do-it-yourself&#8221; moving and storage market. As part of executing this strategy, we leverage the brand recognition of </font><font style="font-family:Arial; font-size:10pt">U-Haul</font><font style="font-family:Arial; font-size:10pt; font-style:italic"> </font><font style="font-family:Arial; font-size:10pt">with our full line of moving and self-storage related products and services and the convenience of our broad geographic presence.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our primary focus is to provide our customers with a wide selection of moving rental equipment, convenient self-storage rental facilities and related moving and self-storage products and services. We are able to expand our distribution and improve customer service by increasing the amount of moving equipment and storage rooms</font><font style="font-family:Arial; font-size:10pt"> and portable storage boxes</font><font style="font-family:Arial; font-size:10pt"> available for rent, expanding the number of independent dealers in our network and expanding and taking advantage of our eMove capabilities.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our </font><font style="font-family:Arial; font-size:10pt">Property and Casualty Insurance</font><font style="font-family:Arial; font-size:10pt"> operating segment</font><font style="font-family:Arial; font-size:10pt"> is focused on providing and administering property and casualty insurance to U-Haul and its customers, its independent dealers and affiliates.&#160; </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our </font><font style="font-family:Arial; font-size:10pt">Life Insurance</font><font style="font-family:Arial; font-size:10pt"> operating segment</font><font style="font-family:Arial; font-size:10pt"> is focused on long-term capital growth through direct writing and reinsuring of life, Medicare supplement and annuity products in the senior marketplace. </font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Description of Operating Segments</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt">AMERCO&#8217;s three reportable segments are:</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-21.6pt"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Moving and Storage, comprised of AMERCO, U-Haul, and Real Estate and the subsidiaries of U-Haul and Real Estate,</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-21.6pt"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Property and Casualty Insurance, comprised of Repwest and its subsidiaries and ARCOA, </font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-21.6pt"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Life Insurance, comprised of Oxford and its subsidiaries.</font><a name="EDGAR_PAGE_END21"></a></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_81"></a><font style="font-family:Arial; font-size:8pt">18</font><a name="EDGAR_HF_F_END_82"></a></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><a name="EDGAR_PAGE_START22"></a><font style="font-family:Arial; font-size:10pt">See Note 1, Basis of Presentation, Note </font><font style="font-family:Arial; font-size:10pt">22</font><font style="font-family:Arial; font-size:10pt">, Financial Information by Geographic Area and Note </font><font style="font-family:Arial; font-size:10pt">22</font><font style="font-family:Arial; font-size:10pt">A, Consolidating Financial Information by Industry Segment of the Notes to Consolidated Financial Statements included in this</font><font style="font-family:Arial; font-size:10pt"> Annual Report</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Moving and Storage Operating Segment</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our Moving and Storage operating segment consists of the rental of trucks, trailers,</font><font style="font-family:Arial; font-size:10pt"> portable moving and storage boxes,</font><font style="font-family:Arial; font-size:10pt"> specialty rental items and self-storage spaces primarily to the household mover as well as sales of moving supplies, towing accessories and propane. Operations are conducted under the registered trade name U-Haul</font><font style="font-family:Arial; font-size:6.67pt; vertical-align:super">&#174;</font><font style="font-family:Arial; font-size:10pt"> throughout the United States and Canada.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">With respect to our truck, trailer, specialty rental items and self-storage rental business, we are focused on expanding our dealer network, which provides added convenience for our customers and expanding the selection and availability of rental equipment to satisfy the needs of our customers.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">U-Haul brand self-moving related products and services, such as boxes, pads and tape allow our customers to, among other things; protect their belongings from potential damage during the moving process. We are committed to providing a complete line of products selected with the &#8220;do-it-yourself&#8221; moving and storage customer in mind.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">eMove is an online marketplace that connects consumers to independent Moving Help</font><font style="font-family:Arial; font-size:6.67pt; vertical-align:super">&#174;</font><font style="font-family:Arial; font-size:10pt"> service providers and </font><font style="font-family:Arial; font-size:10pt">thousands of</font><font style="font-family:Arial; font-size:10pt"> independent Self-Storage Affiliates. Our network of customer rated affiliates </font><font style="font-family:Arial; font-size:10pt">and service </font><font style="font-family:Arial; font-size:10pt">provide</font><font style="font-family:Arial; font-size:10pt">rs furnish</font><font style="font-family:Arial; font-size:10pt"> pack and load help, cleaning help, self-storage and similar services, all over North America. Our goal is to further utilize our web-based technology platform to increase service to consumers and businesses in the moving and storage market.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Since 1945</font><font style="font-family:Arial; font-size:10pt"> U-Haul has incorporated sustainable practices into its everyday operations. We believe that our basic business premise of equipment sharing helps reduce greenhouse gas emissions and reduces the need for total large capacity vehicles. We </font><font style="font-family:Arial; font-size:10pt">continue to look for ways to reduce waste within our business</font><font style="font-family:Arial; font-size:10pt"> and are dedicated to manufacturing reusable components and recyclable products. We believe that our commitment to sustainability, through our products and services and everyday operations has helped us to reduce our impact on the environment.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Property and Casualty Insurance Operating Segment</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our Property and Casualty Insurance operating segment provides loss adjusting and claims handling for </font><font style="font-family:Arial; font-size:10pt">U-Haul </font><font style="font-family:Arial; font-size:10pt">through regional offices across North America. </font><font style="font-family:Arial; font-size:10pt">Our </font><font style="font-family:Arial; font-size:10pt">Property and Casualty Insurance </font><font style="font-family:Arial; font-size:10pt">operating segment </font><font style="font-family:Arial; font-size:10pt">also underwrites components of the </font><font style="font-family:Arial; font-size:10pt">Safemove, Safetow, Super Safemove</font><font style="font-family:Arial; font-size:10pt; font-style:italic"> </font><font style="font-family:Arial; font-size:10pt">and</font><font style="font-family:Arial; font-size:10pt; font-style:italic"> </font><font style="font-family:Arial; font-size:10pt">Safestor</font><font style="font-family:Arial; font-size:10pt; font-style:italic"> </font><font style="font-family:Arial; font-size:10pt">protection packages to </font><font style="font-family:Arial; font-size:10pt">U-Haul </font><font style="font-family:Arial; font-size:10pt">customers. We continue to focus on increasing the penetration of these products into the </font><font style="font-family:Arial; font-size:10pt">moving and storage </font><font style="font-family:Arial; font-size:10pt">market. The business plan for </font><font style="font-family:Arial; font-size:10pt">our </font><font style="font-family:Arial; font-size:10pt">Property and Casualty Insurance</font><font style="font-family:Arial; font-size:10pt"> operating segment</font><font style="font-family:Arial; font-size:10pt"> includes offering property and casualty products in other </font><font style="font-family:Arial; font-size:10pt">U-Haul</font><font style="font-family:Arial; font-size:10pt; font-style:italic"> </font><font style="font-family:Arial; font-size:10pt">related programs. </font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Life Insurance Operating Segment</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our Life Insurance operating segment provides life and health insurance products primarily to the senior market through the direct writing </font><font style="font-family:Arial; font-size:10pt">and</font><font style="font-family:Arial; font-size:10pt"> reinsuring of life insurance, Medicare supplement and annuity policies. </font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Critical Accounting Policies and Estimates</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our</font><font style="font-family:Arial; font-size:10pt"> financial statements have been prepared in accordance with the generally accepted accounting principles (&#8220;GAAP&#8221;) in the United States. The methods, estimates and judgments we use in applying our accounting policies can have a significant impact on the results we report in our financial statements. </font><font style="font-family:Arial; font-size:10pt">Note 3,</font><font style="font-family:Arial; font-size:10pt"> Accounting Policies of the Notes to Consolidated Financial Statements in Item 8: Financial Statements and Supplementary Data of this</font><font style="font-family:Arial; font-size:10pt"> Annual Report </font><font style="font-family:Arial; font-size:10pt">summarizes the significant accounting policies and methods used in the preparation of our consolidated financial statements and related disclosures. Certain accounting policies require us to make difficult and subjective judgments and assumptions, often as a result of the need to estimate matters that are inherently uncertain.</font><a name="EDGAR_PAGE_END22"></a></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_PAGE_START23"></a><font style="font-family:Arial; font-size:10pt">In the following pages</font><font style="font-family:Arial; font-size:10pt"> we have set forth, with a detailed description, the accounting policies that we deem most critical to us and that require management&#8217;s most difficult and subjective judgments. These estimates are based on historical experience, observance of trends in particular areas, information and </font><font style="font-family:Arial; font-size:10pt">valuations available from outside sources and on various other assumptions that are believed to be reasonable under the circumstances and which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual amounts may differ from these estimates under different assumptions and conditions; such differences may be material.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We also have other policies that we consider key accounting policies, such as revenue recognition; however, these policies do not meet the definition of critical accounting estimates, because they do not generally require us to make estimates or judgments that are difficult or subjective. The accounting policies that we deem most critical to us, and involve the most difficult, subjective or complex judgments include the following:</font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Principles of Consolidation</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> appl</font><font style="font-family:Arial; font-size:10pt">y</font><font style="font-family:Arial; font-size:10pt"> ASC 810 - </font><font style="font-family:Arial; font-size:10pt; font-style:italic">Consolidation</font><font style="font-family:Arial; font-size:10pt"> (&#8220;ASC 810&#8221;) in </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> principles of consolidation. ASC 810 addresses arrangements where a company does not hold a majority of the voting or similar interests of a variable interest entity (&#8220;VIE&#8221;). A company is required to consolidate a VIE if it has determined it is the primary beneficiary. ASC 810 also addresses the policy when a company owns a majority of the voting or similar rights and exercises effective control.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As promulgated by ASC 810, a VIE is not self-supportive due to having one or both of the following conditions: </font><font style="font-family:Arial; font-size:10pt">(i</font><font style="font-family:Arial; font-size:10pt">) it has an insufficient amount of equity for it to finance its activities without receiving additional subordinated financial support or </font><font style="font-family:Arial; font-size:10pt">(ii</font><font style="font-family:Arial; font-size:10pt">) its owners do not hold the typical risks and rights of equity owners. This determination is made upon the creation of a variable interest and </font><font style="font-family:Arial; font-size:10pt">is</font><font style="font-family:Arial; font-size:10pt"> re-assessed</font><font style="font-family:Arial; font-size:10pt"> on an on-going basis</font><font style="font-family:Arial; font-size:10pt"> should certain changes in the operations of a VIE, or its relationship with the primary beneficiary trigger a reconsideration under the provisions of ASC 810. After a triggering event occurs the facts and circumstances are utilized in determining whether or not a company is a VIE, which other company(s) have a variable interest in the entity, and whether or not the company&#8217;s interest is such that it is the primary beneficiary.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We will continue to monitor our relationships with the other entities regarding who is the primary beneficiary, which could change based on facts and circumstances of any reconsideration events.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">During the first quarter of fiscal 2013 SAC Holding II fully repaid the $75.0 million outstanding principal balance on its junior note with AMERCO. Pursuant to ASC 810-10-35-4, we considered this a redetermination event which resulted in AMERCO no longer having a variable interest in SAC Holding II. Further, we determined that the repayment of the junior note had no impact on the existing individual operating entity management agreements thereby affirming our finding that these agreements do not constitute variable interests due to the presence of contractual &#8216;kick-out&#8217; rights. As a result, the reconsideration event had no effect on the consolidation analysis, and thus we have no basis under ASC 810 to consolidate SAC Holding II</font><font style="font-family:Arial; font-size:10pt">. </font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Recoverability of Property, Plant and Equipment</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Property, plant and equipment are stated at cost. Interest expense incurred during the initial construction of buildings and rental equipment is considered part of cost. Depreciation is computed for financial reporting purposes using the straight-line or an accelerated method based on a declining balance formula over the following estimated useful lives: rental equipment 2-20 years and buildings and non-rental equipment 3-55 years. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> follow the deferral method of accounting based on ASC 908 - </font><font style="font-family:Arial; font-size:10pt; font-style:italic">Airlines</font><font style="font-family:Arial; font-size:10pt"> for major overhauls in which engine</font><font style="font-family:Arial; font-size:10pt"> and transmission</font><font style="font-family:Arial; font-size:10pt"> overhauls are </font><font style="font-family:Arial; font-size:10pt">currently </font><font style="font-family:Arial; font-size:10pt">capitalized and amortized over three years. Routine maintenance costs are charged to operating expense as they are incurred. Gains and losses on dispositions of property, plant and equipment are netted against depreciation expense when realized. Equipment depreciation is recognized in amounts expected to result in the recovery of estimated residual values upon disposal, i.e., minimize gains or losses. In determining the depreciation rate, historical disposal experience, holding periods and trends in the market for vehicles are reviewed. </font><a name="EDGAR_PAGE_END23"></a></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><a name="EDGAR_PAGE_START24"></a><font style="font-family:Arial; font-size:10pt">We regularly perform reviews to determine whether facts and circumstances exist which indicate that the carrying amount of assets, including estimates of residual value, may not be recoverable or that the useful life of assets are shorter or longer than originally estimated. Reductions in residual values (i.e., the price at which we ultimately expect to dispose of revenue earning equipment) or useful lives will result in an increase in depreciation expense over the life of the equipment. Reviews are performed based on vehicle class, generally subcategories of trucks and trailers. We assess the recoverability of our assets by comparing the projected undiscounted net cash flows associated with the related asset or group of assets over their estimated remaining lives against their respective carrying amounts. We consider factors such as current and expected future market price trends on used vehicles and the expected life of vehicles included in the fleet. Impairment, if any, is based on the excess of the carrying amount over the fair value of those </font><font style="font-family:Arial; font-size:10pt">assets</font><font style="font-family:Arial; font-size:10pt">. </font><font style="font-family:Arial; font-size:10pt">If</font><font style="font-family:Arial; font-size:10pt"> asset residual values are determined to be recoverable, but the useful lives are shorter or longer than originally estimated, the net book value of the assets is depreciated over the newly determined remaining useful lives.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">M</font><font style="font-family:Arial; font-size:10pt">anagement</font><font style="font-family:Arial; font-size:10pt"> determined that additions to the fleet</font><font style="font-family:Arial; font-size:10pt"> resulting from purchase</font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt"> should be depreciated on an accelerated method </font><font style="font-family:Arial; font-size:10pt">based upon a declining formula.</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">Under the declining balances method (2.4 times declining balance), the book value of a rental truck is reduced approximately 16%, 13%, 11%, 9%, 8%, 7%, and 6% during years one through seven, respectively and then reduced on a straight line basis</font><font style="font-family:Arial; font-size:10pt"> to a salvage value of 20</font><font style="font-family:Arial; font-size:10pt">% by the end of year fifteen.</font><font style="font-family:Arial; font-size:10pt"> Beginning in October 2012, rental equipment subject to this depreciation schedule will be depreciated to a salvage value of 15%. </font><font style="font-family:Arial; font-size:10pt">This change had an immaterial effect on our current financial statements. </font><font style="font-family:Arial; font-size:10pt">Comparatively,</font><font style="font-family:Arial; font-size:10pt"> a standard straight line approach would reduce the book value by approximately 5.</font><font style="font-family:Arial; font-size:10pt">7</font><font style="font-family:Arial; font-size:10pt">% per year over the life of the truck. For the affected equipment, the accelerated depreciation was $</font><font style="font-family:Arial; font-size:10pt">57.0</font><font style="font-family:Arial; font-size:10pt"> million, $</font><font style="font-family:Arial; font-size:10pt">54.6</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">44.8</font><font style="font-family:Arial; font-size:10pt"> million greater than what it would have been if calculated under a straight line approach for fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, respectively</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Although we intend to sell our used vehicles for prices approximating book value, the extent to which we realize a gain or loss on the sale of used vehicles is dependent upon various factors including</font><font style="font-family:Arial; font-size:10pt"> but not limited to,</font><font style="font-family:Arial; font-size:10pt"> the general state of the used vehicle market, the age and condition of the vehicle at the time of its disposal and the depreciation rates with respect to the vehicle</font><font style="font-family:Arial; font-size:8pt">. </font><font style="font-family:Arial; font-size:10pt">We typically sell our used vehicles at our sales centers throughout North America, on our web site at uhaul.com/trucksales or by phone at 1-866-404-0355. Additionally, we sell a large portion of our pickup and cargo van fleet at automobile dealer auctions.</font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Insurance Reserves</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Liabilities for life insurance and certain annuity and health policies are established to meet the estimated future obligations of policies in force, and are based on mortality, morbidity and withdrawal assumptions from recognized actuarial tables which contain margins for adverse deviation. In addition, liabilities for health, disability and other policies include estimates of payments to be made on insurance claims for reported losses and estimates of losses incurred, but not yet reported. Liabilities for annuity contracts consist of contract account balances that accrue to the benefit of the policyholders.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Insurance reserves for our Property and Casualty Insurance operating segment and U-Haul take into account losses incurred based upon actuarial estimates and are management&#8217;s best approximation of future payments.&#160; These estimates are based upon past claims experience and current claim trends as well as social and economic conditions such as changes in legal theories and inflation.&#160; These reserves consist of case reserves for reported losses and a provision for losses incurred but not reported (&#8220;IBNR&#8221;), both reduced by applicable reinsurance recoverables, resulting in a net liability</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Due to the nature of the underlying risks and high degree of uncertainty associated with the determination of the liability for future policy benefits and claims, the amounts to be ultimately paid to settle these liabilities cannot be precisely determined and may vary significantly from the estimated liability, especially for long-tailed casualty lines of business such as excess workers&#8217; compensation.&#160; As a result of the long-tailed nature of the excess workers</font><font style="font-family:Arial; font-size:10pt">&#8217;</font><font style="font-family:Arial; font-size:10pt"> compensation policies written by Repwest during 1983 through 2002, and similar policies assumed by Repwest during 2001 through 2003, it may take a number of years for claims to be fully reported and finally settled.</font><a name="EDGAR_PAGE_END24"></a></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START25"></a><font style="font-family:Arial; font-size:10pt">On a regular basis insurance reserve adequacy is reviewed by management to determine if existing assumptions need to be updated</font><font style="font-family:Arial; font-size:10pt">. </font><font style="font-family:Arial; font-size:10pt">In determining the assumptions for calculating workers</font><font style="font-family:Arial; font-size:10pt">&#8217;</font><font style="font-family:Arial; font-size:10pt"> compensation reserves, management considers multiple factors including the following:</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-21.6pt"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Claimant longevity</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-21.6pt"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Cost trends associated with claimant treatments</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-21.6pt"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Changes in ceding entity and third party administrator reporting practices</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-21.6pt"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Changes in environmental factors including legal and regulatory</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-21.6pt"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Current conditions affecting claim settlements</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-21.6pt"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Future economic conditions including inflation</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Significant variables that led to the third quarter</font><font style="font-family:Arial; font-size:10pt"> of fiscal 2012</font><font style="font-family:Arial; font-size:10pt"> reserve strengthening were cost trends associated with claimant treatments, changes related to ceding entity and third party administrator reporting practices, projected longevity of claimants terms and assumptions for future claim settlements.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As part of this latest review, the Company has reserved each claim based upon the accumulation of current claim costs projected through the claimants&#8217; life expectancy, and then adjusted for applicable reinsurance arrangements.&#160; Management reviews each claim bi-annually to determine if the estimated life-time claim costs have increased and then adjusts the reserve estimate accordingly at that time.&#160; We have factored in an estimate of what the potential cost increases could be in our IBNR liability.&#160; We have not assumed settlement of the existing claims in calculating the reserve amount, unless it is in the final stages of completion.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Continued increases in claim costs, including medical inflation and new treatments and medications could lead to future adverse development resulting in additional reserve strengthening.&#160; Conversely, settlement of existing claims or if injured workers return to work or expire prematurely, could lead to future positive development.</font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Impairment of Investments</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Investments are evaluated pursuant to guidance contained in ASC 320 - </font><font style="font-family:Arial; font-size:10pt; font-style:italic">Investments - Debt and Equity Securities</font><font style="font-family:Arial; font-size:10pt"> to determine if and when a decline in market value below amortized cost is other-than-temporary. Management makes certain assumptions or judgments in its assessment including but not limited to: ability and intent to </font><font style="font-family:Arial; font-size:10pt">hold</font><font style="font-family:Arial; font-size:10pt"> the security, quoted market prices, dealer quotes or discounted cash flows, industry factors, financial factors, and issuer specific information such as credit strength. Other-than-temporary impairment in value is recognized in the current period operating results. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> recognized other-than-temporary impairments of $</font><font style="font-family:Arial; font-size:10pt">0.1</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">0.8</font><font style="font-family:Arial; font-size:10pt"> million for fiscal 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, respectively.</font><font style="font-family:Arial; font-size:10pt"> There were no write downs in fiscal 2013.</font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Income Taxes</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our</font><font style="font-family:Arial; font-size:10pt"> tax returns are periodically reviewed by various taxing authorities. The final outcome of these audits may cause changes that could materially impact our financial results.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO files a consolidated tax return with</font><font style="font-family:Arial; font-size:10pt"> all of its legal subsidiaries.</font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Fair Values</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Fair values of cash equivalents approximate carrying value due to the short period of time to maturity. Fair values of short term investments, investments available-for-sale, long term investments, mortgage loans and notes on real estate, and interest rate swap contracts are based on quoted market prices, dealer quotes or discounted cash flows. Fair values of trade receivables approximate their recorded value.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our</font><font style="font-family:Arial; font-size:10pt"> financial instruments that are exposed to concentrations of credit risk consist primarily of temporary cash investments, trade receivables, reinsurance recoverables and notes receivable. Limited credit risk exists on trade receivables due to the diversity of our customer base and their dispersion across broad geographic markets. </font><font style="font-family:Arial; font-size:10pt">We place our</font><font style="font-family:Arial; font-size:10pt"> temporary cash investments with financial institutions and limits the amount of credit exposure to any one financial institution.</font><a name="EDGAR_PAGE_END25"></a></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><a name="EDGAR_PAGE_START26"></a><font style="font-family:Arial; font-size:10pt">We have</font><font style="font-family:Arial; font-size:10pt"> mortgage receivables, which potentially expose </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt"> to credit risk. The portfolio of notes is principally collateralized by </font><font style="font-family:Arial; font-size:10pt">self-</font><font style="font-family:Arial; font-size:10pt">storage facilities and commercial properties. </font><font style="font-family:Arial; font-size:10pt">We have</font><font style="font-family:Arial; font-size:10pt"> not experienced any material losses related to the notes from individual or groups of notes in any particular industry or geographic area. The estimated fair values were determined using the discounted cash flow method and using interest rates currently offered for similar loans to borrowers with similar credit ratings.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The carrying amount of long term debt and short term borrowings are estimated to approximate fair value as the actual interest rate is consistent with the rate estimated to be currently available for debt of similar term and remaining maturity.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Other investments including short term investments are substantially current or bear reasonable interest rates. As a result, the carrying values of these financial instruments approximate fair value.</font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Subsequent Events</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our</font><font style="font-family:Arial; font-size:10pt"> management has evaluated subsequent events occurring after March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, the date of our most recent balance sheet date, through the date our financial statements </font><font style="font-family:Arial; font-size:10pt">were</font><font style="font-family:Arial; font-size:10pt"> issued. </font><font style="font-family:Arial; font-size:10pt">W</font><font style="font-family:Arial; font-size:10pt">e do not believe any</font><font style="font-family:Arial; font-size:10pt"> other</font><font style="font-family:Arial; font-size:10pt"> subsequent events have occurred that would require further disclosure or adjustment to our financial statements</font><font style="font-family:Arial; font-size:10pt"> other than those stated below</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Financial Strength Ratings</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">In May 2013, A.M. Best affirmed the financial strength rating of B++ (Good) for Oxford and its outlook remains positive.</font></p>
            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Recent Accounting Pronouncements</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">In February 2013, the FASB issued Accounting Standards Update (&#8220;ASU&#8221;) 2013-02, </font><font style="font-family:Arial; font-size:10pt; font-style:italic">Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income</font><font style="font-family:Arial; font-size:10pt">, an amendment to FASB ASC Topic 220. The update requires disclosure of amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present either on the face of the statement of operations or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required to be reclassified to net income in its entirety in the same reporting period. For amounts not reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures that provide additional detail about those amounts. This ASU is effective prospectively for the Company&#8217;s fiscal years, and interim periods within those years beginning after December</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">15, 2012.</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">We do</font><font style="font-family:Arial; font-size:10pt"> not </font><font style="font-family:Arial; font-size:10pt">believe the adoption of this will have a material </font><font style="font-family:Arial; font-size:10pt">impact </font><font style="font-family:Arial; font-size:10pt">on our</font><font style="font-family:Arial; font-size:10pt"> financial statements.</font></p>
            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Adoption of New </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">Accounting Pronouncements</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">In October 2010, the FASB issued </font><font style="font-family:Arial; font-size:10pt">ASU 2010-26</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt; font-style:italic">Financial Services &#8211; Insurance (Topic 944)</font><font style="font-family:Arial; font-size:10pt"> (&#8220;ASU 2010-26&#8221;)</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">which </font><font style="font-family:Arial; font-size:10pt">amend</font><font style="font-family:Arial; font-size:10pt">ed</font><font style="font-family:Arial; font-size:10pt"> FASB ASC 944-30 to provide further guidance regarding the capitalization of costs relating to the acquisition or renewal of insurance contracts. Specifically, only qualifying costs associated with successful contract acquisitions are permitted to be deferred. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">adopted ASU 2010-26 in the first quarter of fiscal 2013 and it resulted in a $1.7 million reduction in beginning retained earnings on our financial statements. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; color:#252525">In May 2011,</font><font style="font-family:Arial; font-size:10pt; color:#252525"> the</font><font style="font-family:Arial; font-size:10pt; color:#252525"> FASB issued ASU 2011-04, </font><font style="font-family:Arial; font-size:10pt; font-style:italic; color:#252525">Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards (&#8220;IFRS</font><font style="font-family:Arial; font-size:10pt; color:#252525">&#8221;) (&#8220;ASU 2011-04&#8221;)</font><font style="font-family:Arial; font-size:10pt; color:#252525">.</font><font style="font-family:Arial; font-size:10pt; color:#252525"> This pronouncement was issued to provide a consistent definition of fair value and ensure that the fair value measurement and disclosure requirements are similar between U.S. GAAP and IFRS. ASU 2011-04 changes certain fair value measurement principles and enhances the disclosure requirements particularly for Level 3 fair value measurements. </font><font style="font-family:Arial; font-size:10pt; color:#252525">We adopted ASU 2011-04 in the first quarter of fiscal 2013 and it did not have a material impact </font><font style="font-family:Arial; font-size:10pt; color:#252525">on our financial statements.</font><a name="EDGAR_PAGE_END26"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_81"></a><font style="font-family:Arial; font-size:8pt">23</font><a name="EDGAR_HF_F_END_82"></a></p>
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        </div>
        </div>
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        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_77"></a><a name="EDGAR_HF_H_END_78"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_PAGE_START27"></a><font style="font-family:Arial; font-size:10pt">In July 2012, the FASB issued ASU 2012-02, </font><font style="font-family:Arial; font-size:10pt; font-style:italic">Intangibles &#8211; Goodwill and Others</font><font style="font-family:Arial; font-size:10pt; font-style:italic"> (Topic 350) (&#8220;ASU 2012-02&#8221;)</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">which allows an entity to first assess qualitative factors to determine whether it is necessary to perform a quantitative impairment test of an indefinite-lived intangible asset. </font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">Per the terms of ASU</font><font style="font-family:Arial; font-size:10pt"> 2012-02</font><font style="font-family:Arial; font-size:10pt">, an entity would not be required to calculate the fair value of an indefinite-lived intangible asset unless the entity determines, based on qualitative assessment, that it is not more likely than not, the indefinite-lived intangible asset is impaired</font><font style="font-family:Arial; font-size:10pt">. We adopted ASU 2012-02 in the third quarter of fiscal 2013 and it did not have a material </font><font style="font-family:Arial; font-size:10pt">impact </font><font style="font-family:Arial; font-size:10pt">on our</font><font style="font-family:Arial; font-size:10pt"> financial statements.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">From time to time, new accounting pronouncements are issued by the FASB or the SEC that are adopted by the Company as of the specified effective date. Unless otherwise discussed, these ASU&#8217;s entail technical corrections to existing guidance or affect guidance related to specialized industries or entities and therefore will have minimal, if any, impact on our financial position or results of operations upon adoption.</font></p>
            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><a name="_DMBM_311"><font style="font-family:Arial; font-size:10pt; font-weight:bold">AMERCO and Consolidated </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">Subsidiaries</font></a></p>
            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Fiscal 201</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">3</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic"> Compared with Fiscal 201</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">2</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Listed below, on a consolidated basis, are revenues for our major product lines for fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> and fiscal 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt; text-align:right"><a name="DOC_TBL00009_1_1"></a><a name="EDGAR_DEC_TAB_VALUE_T3_BM1"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Year Ended March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T3_BM2"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T3_BM3"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Self-moving equipment rentals</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,767,520</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,678,256</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Self-storage revenues</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">152,660</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">134,376</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Self-moving and self-storage products and service sales</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">221,117</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">213,854</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Property management fees</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">24,378</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">23,266</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Life insurance premiums</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">178,115</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">277,562</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Property and casualty insurance premiums</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">34,342</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">32,631</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Net investment and interest income</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">82,903</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">73,552</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Other revenue</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">97,552</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">78,530</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Consolidated revenue</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2,558,587</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2,512,027</font></p>
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                    </td>
                    <td style="width:71.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
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                    </td>
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            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Self-</font><font style="font-family:Arial; font-size:10pt">moving equipment rental revenues increased $</font><font style="font-family:Arial; font-size:10pt">89.3</font><font style="font-family:Arial; font-size:10pt"> million </font><font style="font-family:Arial; font-size:10pt">for</font><font style="font-family:Arial; font-size:10pt"> fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, compared with fiscal 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">. </font><font style="font-family:Arial; font-size:10pt">Growth in In-Town and one-way transactions was the most significant factor influencing the growth in revenues during fiscal 2013.&#160; Truck, trailers and towing devices all experienced transaction and revenue growth as compared to fiscal 2012.&#160; We believe the improvement in revenue occurred in conjunction with growth in our independent d</font><font style="font-family:Arial; font-size:10pt">ealer network, expansion of company operated locations and an increase in the number of trucks and trailers in the fleet.&#160; Our focus continues to be on improving the rental experience for our customers through the availability of equipment, convenient access to rental locations and ease of the rental process. </font><font style="font-family:Arial; font-size:10pt">&#160; </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Self-</font><font style="font-family:Arial; font-size:10pt">storage</font><font style="font-family:Arial; font-size:10pt"> revenues</font><font style="font-family:Arial; font-size:10pt"> increased $</font><font style="font-family:Arial; font-size:10pt">18.3</font><font style="font-family:Arial; font-size:10pt"> million </font><a name="EDGAR_PAGE_49"></a><font style="font-family:Arial; font-size:10pt">for</font><font style="font-family:Arial; font-size:10pt"> fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, compared with fiscal 201</font><font style="font-family:Arial; font-size:10pt">2.&#160; </font><font style="font-family:Arial; font-size:10pt">Average monthly occupancy </font><font style="font-family:Arial; font-size:10pt">for fiscal </font><font style="font-family:Arial; font-size:10pt">2013</font><font style="font-family:Arial; font-size:10pt"> increased</font><font style="font-family:Arial; font-size:10pt"> by </font><font style="font-family:Arial; font-size:10pt">1.6</font><font style="font-family:Arial; font-size:10pt"> million square feet compared to the same period last year.&#160; These occupancy gains have come from a combination of improvements at existing locations as well as the acquisition of new facilities.&#160; Over the last twelve months we have added approximately </font><font style="font-family:Arial; font-size:10pt">2.1</font><font style="font-family:Arial; font-size:10pt"> million net rentable square feet</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Sales of self-moving and </font><font style="font-family:Arial; font-size:10pt">self-storage</font><font style="font-family:Arial; font-size:10pt"> products and services increased $</font><font style="font-family:Arial; font-size:10pt">7.3</font><font style="font-family:Arial; font-size:10pt"> million </font><font style="font-family:Arial; font-size:10pt">for</font><font style="font-family:Arial; font-size:10pt"> fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, compared with fiscal 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">.&#160; </font><font style="font-family:Arial; font-size:10pt">Increases were recognized</font><font style="font-family:Arial; font-size:10pt"> from the sale of moving supplies as well as towing accessories and installation.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Property management fees increased $1.1 million for</font><font style="font-family:Arial; font-size:10pt"> fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, compared with fiscal 201</font><font style="font-family:Arial; font-size:10pt">2. The calculation of these fees is largely based upon revenues collected at the facilities managed by the Company.&#160; As</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">these underlying revenues increase, the fees we collect for management services increase as well.</font><a name="EDGAR_PAGE_END27"></a></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_93"></a><font style="font-family:Arial; font-size:8pt">24</font><a name="EDGAR_HF_F_END_94"></a></p>
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        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_89"></a><a name="EDGAR_HF_H_END_90"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><a name="EDGAR_PAGE_START28"></a><font style="font-family:Arial; font-size:10pt">Life insurance premiums </font><font style="font-family:Arial; font-size:10pt">de</font><font style="font-family:Arial; font-size:10pt">creased $</font><font style="font-family:Arial; font-size:10pt">99.4</font><font style="font-family:Arial; font-size:10pt"> million </font><font style="font-family:Arial; font-size:10pt">for</font><font style="font-family:Arial; font-size:10pt"> fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, compared with fiscal 201</font><font style="font-family:Arial; font-size:10pt">2.&#160; During fiscal 2012 we purchased a block of life insurance policies which resulted in the recording of $83.4 million of premium upon acquisition; fiscal 2013 did not include a similar acquisition.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Property and casualty insurance premiums increased $</font><font style="font-family:Arial; font-size:10pt">1.7</font><font style="font-family:Arial; font-size:10pt"> million </font><font style="font-family:Arial; font-size:10pt">for</font><font style="font-family:Arial; font-size:10pt"> fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, compared with fiscal 201</font><font style="font-family:Arial; font-size:10pt">2 </font><font style="font-family:Arial; font-size:10pt">primarily from policies sold in conjunction with U-Haul rental transactions. As moving transactions have increased this year so have the related premiums.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Net investment and interest income increased $9.4 million for</font><font style="font-family:Arial; font-size:10pt"> fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, compared with fiscal 201</font><font style="font-family:Arial; font-size:10pt">2.&#160; Realized gains from mortgage loans held for investment were approximately $13.2 million.&#160; The Life Insurance operating segment reported additional interest income resulting from a larger invested asset portfolio.&#160; Partially offsetting this was a decrease resulting from the first quarter of fiscal </font><font style="font-family:Arial; font-size:10pt">2013</font><font style="font-family:Arial; font-size:10pt"> SAC Holdings repayment to AMERCO of $127.3 million for notes and interest outstanding. These notes carried interest rates </font><font style="font-family:Arial; font-size:10pt">of 9% and the loss of this yield caused a</font><font style="font-family:Arial; font-size:10pt">n</font><font style="font-family:Arial; font-size:10pt"> $</font><font style="font-family:Arial; font-size:10pt">11.0</font><font style="font-family:Arial; font-size:10pt"> million decline in interest income</font><font style="font-family:Arial; font-size:10pt"> for</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">fiscal </font><font style="font-family:Arial; font-size:10pt">2013</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt">&#160; </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Other revenue increased $</font><font style="font-family:Arial; font-size:10pt">19.0</font><font style="font-family:Arial; font-size:10pt"> million </font><font style="font-family:Arial; font-size:10pt">for</font><font style="font-family:Arial; font-size:10pt"> fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, compared with fiscal 201</font><font style="font-family:Arial; font-size:10pt">2 </font><font style="font-family:Arial; font-size:10pt">primarily from the expansion of new business initiatives including our U-Box program.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As a result of the items mentioned above, revenues for AMERCO and its consolidated entities were $</font><font style="font-family:Arial; font-size:10pt">2,558.6</font><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt"> for fiscal 2013</font><font style="font-family:Arial; font-size:10pt"> as compared with $</font><font style="font-family:Arial; font-size:10pt">2,512.0</font><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt"> for fiscal 2012</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Listed below are revenues and earnings (loss) from operations at each of our operating segments for fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> and 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">. The insurance companies&#8217; years ended December 31, 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt"> and 201</font><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt">.</font></p>
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                        <p style="margin:0pt"><a name="DOC_TBL00010_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td colspan="3" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Year Ended March 31,</font></p>
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                <tr style="height:12.75pt">
                    <td style="vertical-align:bottom; width:324.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T4_BM4"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
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                    <td style="vertical-align:bottom; width:324.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T4_BM5"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:324.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Moving and storage</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T4_BM6"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T4_BM7"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:324.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Revenues</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2,282,342</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2,156,923</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:324.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Earnings from operations before equity in earnings of subsidiaries</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">462,328</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">432,766</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:324.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Property and casualty insurance&#160; </font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:324.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Revenues</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">48,200</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">42,586</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:324.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Earnings (loss) from operations</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">14,194</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(36,426)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:324.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Life insurance&#160;&#160; </font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:324.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Revenues</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">231,490</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">317,274</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:324.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Earnings from operations</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">22,955</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">20,149</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:324.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Eliminations</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:324.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Revenues</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(3,445)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(4,756)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:324.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Earnings from operations before equity in earnings of subsidiaries</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(294)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(482)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:324.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Consolidated Results</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:324.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Revenues</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2,558,587</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2,512,027</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:324.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Earnings from operations</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">499,183</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">416,007</font></p>
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                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:71.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:71.25pt; border:none">
                    </td>
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            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Total costs and expenses </font><font style="font-family:Arial; font-size:10pt">de</font><font style="font-family:Arial; font-size:10pt">creased $</font><font style="font-family:Arial; font-size:10pt">36.6</font><font style="font-family:Arial; font-size:10pt"> million </font><font style="font-family:Arial; font-size:10pt">for fiscal 2013 as compared to fiscal 2012. Our Life Insurance operating segment accounted for $88.6 million of the decrease primarily due to the decline </font><font style="font-family:Arial; font-size:10pt">in </font><font style="font-family:Arial; font-size:10pt">business</font><font style="font-family:Arial; font-size:10pt"> acquisitions. Our Property and Casualty Insurance operating segment accounted for $</font><font style="font-family:Arial; font-size:10pt">45.0</font><font style="font-family:Arial; font-size:10pt"> million of the decrease. The third quarter of fiscal 2012 included $</font><font style="font-family:Arial; font-size:10pt">48.</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> million </font><font style="font-family:Arial; font-size:10pt">of charges related to excess workers&#8217; compensation reserves and reinsurance contracts; these charges did not recur in fiscal 2013</font><font style="font-family:Arial; font-size:10pt">.</font><a name="EDGAR_PAGE_END28"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_93"></a><font style="font-family:Arial; font-size:8pt">25</font><a name="EDGAR_HF_F_END_94"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_89"></a><a name="EDGAR_HF_H_END_90"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_50"></a><a name="EDGAR_PAGE_START29"></a><font style="font-family:Arial; font-size:10pt">Total costs and expenses at the Moving and Storage operating segment increased $</font><font style="font-family:Arial; font-size:10pt">95.9</font><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt"> for fiscal 2013 as compared to fiscal 2012</font><font style="font-family:Arial; font-size:10pt">. Operating expenses increased $</font><font style="font-family:Arial; font-size:10pt">74.9</font><font style="font-family:Arial; font-size:10pt"> million primarily from spending on personnel, accruals for liability costs, legal expense</font><font style="font-family:Arial; font-size:10pt">, property taxes</font><font style="font-family:Arial; font-size:10pt"> and operating costs associated with the U-Box program. Commission expenses increased in relation to the associated revenues. Cost of sales declined due to a reduction in the price of propane combined with a reduction in the volume purchased. Depreciation expense, net, increased $</font><font style="font-family:Arial; font-size:10pt">29.1</font><font style="font-family:Arial; font-size:10pt"> million while lease expense decreased $</font><font style="font-family:Arial; font-size:10pt">14.8</font><font style="font-family:Arial; font-size:10pt"> million as a result of the Company&#8217;s shift in financing new equipment on the balance sheet versus through operating leases</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As a result of the above mentioned changes in revenues and expenses, earnings from operations increased to $</font><font style="font-family:Arial; font-size:10pt">499.2</font><font style="font-family:Arial; font-size:10pt"> million for fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, compared with $</font><font style="font-family:Arial; font-size:10pt">416.0</font><font style="font-family:Arial; font-size:10pt"> million for fiscal 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Interest expense for fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> was $</font><font style="font-family:Arial; font-size:10pt">90.7</font><font style="font-family:Arial; font-size:10pt"> million, compared with $90.4 million for fiscal 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">due to an increase in average borrowings partially offset by a decrease in average borrowing costs.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Income tax expense was $</font><font style="font-family:Arial; font-size:10pt">143.8</font><font style="font-family:Arial; font-size:10pt"> million for fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, compared with $120.3 million for fiscal 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">. The increase was due to higher pretax earnings for fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Dividends accrued or paid on our Series A Preferred were $2.9 million for fiscal 2012. There were no payments made or accrued in fiscal 2013. All of the Series A Preferred stock was redeemed on June 1, 2011; therefore, no dividends were accrued</font><font style="font-family:Arial; font-size:10pt"> in</font><font style="font-family:Arial; font-size:10pt"> fiscal 2013</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt"> Fiscal 2012 included a $5.9 million non-recurring charge related to the redemption of the Series A Preferred Stock.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As a result of the above mentioned items, earnings available to common shareholders were $</font><font style="font-family:Arial; font-size:10pt">264.7</font><font style="font-family:Arial; font-size:10pt"> million for fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, compared with $196.5 million for fiscal 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Basic and diluted earnings per common share for fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> were $</font><font style="font-family:Arial; font-size:10pt">13.56</font><font style="font-family:Arial; font-size:10pt">, compared with $</font><font style="font-family:Arial; font-size:10pt">10</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt">09</font><font style="font-family:Arial; font-size:10pt"> for fiscal 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The weighted average common shares outstanding basic and diluted </font><font style="font-family:Arial; font-size:10pt">were 19,</font><font style="font-family:Arial; font-size:10pt">518</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt">779</font><font style="font-family:Arial; font-size:10pt"> for fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, compared with 19,476,187 for fiscal 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Fiscal 2012 Compared with Fiscal 2011</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Listed below, on a consolidated basis, are revenues for our major product lines for fiscal 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt"> and fiscal 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">:</font></p>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><a name="DOC_TBL00011_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Year Ended March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T5_BM8"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2011</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T5_BM9"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Self-moving equipment rentals</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,678,256</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,547,015</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Self-storage revenues</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">134,376</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">120,698</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Self-moving and self-storage products and service sales</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">213,854</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">205,570</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Property management fees</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">23,266</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">22,132</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Life insurance premiums</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">277,562</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">206,992</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Property and casualty insurance premiums</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">32,631</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">30,704</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Net investment and interest income</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">73,552</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">62,745</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Other revenue</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">78,530</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">55,503</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160; Consolidated revenue</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2,512,027</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2,251,359</font></p>
                    </td>
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                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:71.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:71.25pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Self-</font><font style="font-family:Arial; font-size:10pt">moving equipment rental revenues increased $</font><font style="font-family:Arial; font-size:10pt">131.2</font><font style="font-family:Arial; font-size:10pt"> million </font><font style="font-family:Arial; font-size:10pt">for</font><font style="font-family:Arial; font-size:10pt"> fiscal 2012, compared with fiscal 2011.&#160; </font><font style="font-family:Arial; font-size:10pt">The largest contributor to the revenue improvement was the increase in both In-Town and one-way moving transactions across both our truck and trailer fleets.&#160; We believe the growth in the number of transactions was influenced by our continuing customer service enhancements which allowed us to better serve the existing customer base combined with an increase in overall demand for our services.&#160; We were also better able to serve our customers through an increase in the amount of equipment in our fleet throughout the year.&#160; Other factors that contributed to the revenue improvement included an increase in our average revenue per transaction and utilization of the fleet.&#160; Factors which contribute to changes in revenue per transaction include the mix of equipment type rented and rental rates charged.</font><a name="EDGAR_PAGE_END29"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_93"></a><font style="font-family:Arial; font-size:8pt">26</font><a name="EDGAR_HF_F_END_94"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_89"></a><a name="EDGAR_HF_H_END_90"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><a name="EDGAR_PAGE_START30"></a><font style="font-family:Arial; font-size:10pt">Self-storage revenues</font><font style="font-family:Arial; font-size:10pt"> increased $</font><font style="font-family:Arial; font-size:10pt">13.7</font><font style="font-family:Arial; font-size:10pt"> million </font><font style="font-family:Arial; font-size:10pt">for</font><font style="font-family:Arial; font-size:10pt"> fiscal 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">, compared with fiscal </font><font style="font-family:Arial; font-size:10pt">2011 due primarily to an increase in the number of rooms rented combined with a modest improvement in overall rates per occupied square foot.&#160; The average amount of occupied square feet increased by approximately 10% for fiscal 2012 compared to the same period last year.&#160; A portion of this improvement comes from the additional capacity added to the portfolio; total net rentable square feet increased by 1.</font><font style="font-family:Arial; font-size:10pt">4</font><font style="font-family:Arial; font-size:10pt"> million over the last twelve months.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Sales of self-moving and self-storage products and services increased $</font><font style="font-family:Arial; font-size:10pt">8.3</font><font style="font-family:Arial; font-size:10pt"> million </font><font style="font-family:Arial; font-size:10pt">for</font><font style="font-family:Arial; font-size:10pt"> fiscal 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">, compared with fiscal 201</font><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt">. </font><font style="font-family:Arial; font-size:10pt">Increases were recognized in the sale of propane and towing accessories/installation with the majority of the improvement coming from the sales of moving supplies.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Life insurance premiums </font><font style="font-family:Arial; font-size:10pt">increased $</font><font style="font-family:Arial; font-size:10pt">70.6</font><font style="font-family:Arial; font-size:10pt"> million </font><font style="font-family:Arial; font-size:10pt">for</font><font style="font-family:Arial; font-size:10pt"> fiscal 2012, compared with fiscal</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">2011 primarily from entering into a new reinsurance agreement for a block of life insurance policies combined with increased Medicare supplement premiums from last year&#8217;s acquisition.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Property and casualty insurance premiums increased $</font><font style="font-family:Arial; font-size:10pt">1.9</font><font style="font-family:Arial; font-size:10pt"> million </font><font style="font-family:Arial; font-size:10pt">for fiscal 2012, compared with fiscal 2011 due to </font><font style="font-family:Arial; font-size:10pt">increases in Safestor and Safe</font><font style="font-family:Arial; font-size:10pt">move which resulted from the increase in equipment rental transactions and self storage rentals.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Net investment and interest income increased $10.8 million for fiscal 2012, compared with fiscal 2011 primarily due to an increased asset base at the Life Insurance operating segment combined with improved yields across all three segments due to the investment of excess cash balances.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Other revenue increased $23.0 million for fiscal 2012, compared with fiscal 2011 primarily due to the expansion of new business initiatives including our U-Box program. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As a result of the items mentioned above, revenues</font><font style="font-family:Arial; font-size:10pt"> for AMERCO and its consolidated </font><font style="font-family:Arial; font-size:10pt">subsidiaries</font><font style="font-family:Arial; font-size:10pt"> were $</font><font style="font-family:Arial; font-size:10pt">2,512.0 million for </font><font style="font-family:Arial; font-size:10pt">fiscal 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">, compared with $</font><font style="font-family:Arial; font-size:10pt">2,251.4 million for</font><font style="font-family:Arial; font-size:10pt"> fiscal 201</font><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Listed below are revenues and earnings (loss) from operations at each of our operating segments for fiscal 2012 and 2011. The insurance companies&#8217; years ended December 31, 2011 and 2010.</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="vertical-align:bottom; width:327.75pt">
                        <p style="margin:0pt; text-align:right"><a name="DOC_TBL00004_1_1"></a><a name="EDGAR_DEC_TAB_VALUE_T6_BM10"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Year Ended March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="vertical-align:bottom; width:327.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T6_BM11"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2011</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="vertical-align:bottom; width:327.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T6_BM12"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:327.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Moving and storage</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T6_BM13"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T6_BM14"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:327.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Revenues</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2,156,923</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,977,826</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:327.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Earnings from operations before equity in earnings of subsidiaries</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">432,766</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">355,173</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:327.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Property and casualty insurance&#160; </font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:327.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Revenues</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">42,586</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">38,663</font></p>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:327.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Earnings from operations</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(36,426)</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">5,638</font></p>
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                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:327.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Life insurance&#160;&#160; </font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:327.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Revenues</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">317,274</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">239,995</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:327.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Earnings from operations</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">20,149</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">17,435</font></p>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:327.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Eliminations</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:327.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Revenues</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(4,756)</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(5,125)</font></p>
                    </td>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:327.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Earnings from operations before equity in earnings of subsidiaries</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(482)</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(551)</font></p>
                    </td>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:327.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Consolidated Results</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:327.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Revenues</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2,512,027</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2,251,359</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:327.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Earnings from operations</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">416,007</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">377,695</font></p>
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                    <td style="width:71.25pt; border:none">
                    </td>
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                    </td>
                    <td style="width:71.25pt; border:none">
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            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Total costs and expenses increased $22</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt">4</font><font style="font-family:Arial; font-size:10pt"> million for fiscal 2012, compared with fiscal 2011. </font><font style="font-family:Arial; font-size:10pt">The</font><font style="font-family:Arial; font-size:10pt"> Life Insurance</font><font style="font-family:Arial; font-size:10pt"> operating segment</font><font style="font-family:Arial; font-size:10pt"> accounted for $7</font><font style="font-family:Arial; font-size:10pt">4</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt">6</font><font style="font-family:Arial; font-size:10pt"> million of the increase primarily due to entering into the new reinsurance agreement. </font><font style="font-family:Arial; font-size:10pt">The</font><font style="font-family:Arial; font-size:10pt"> Property and Casualty Insurance</font><font style="font-family:Arial; font-size:10pt"> operating segment</font><font style="font-family:Arial; font-size:10pt"> accounted for $46.0 million of the increase largely due to the reserve increases associated with their closed block of workers&#8217; compensation policies.</font><a name="EDGAR_PAGE_END30"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_93"></a><font style="font-family:Arial; font-size:8pt">27</font><a name="EDGAR_HF_F_END_94"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_89"></a><a name="EDGAR_HF_H_END_90"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START31"></a><font style="font-family:Arial; font-size:10pt">Operating expenses for </font><font style="font-family:Arial; font-size:10pt">the </font><font style="font-family:Arial; font-size:10pt">Moving and Storage</font><font style="font-family:Arial; font-size:10pt"> operating segment</font><font style="font-family:Arial; font-size:10pt"> increased $101.5 million due largely to spending on personnel, rental equipment maintenance and operating costs associated with the U-Box program.&#160; Cost of sales and commission expenses increased in relation to the associated revenues.&#160; Depreciation expense, before gains on the disposal of equipment, increased $17.5 million while lease expense decreased $19.6 million.&#160; Over the last several years the Company has decreased its use of</font><font style="font-family:Arial; font-size:10pt"> operating</font><font style="font-family:Arial; font-size:10pt"> leases for funding new equipment acquisitions and increased its use of term loans and securitizations, which are the primary causes of the decrease in lease expense and increase in depreciation expense.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As a result of the above mentioned changes in revenues and expenses, earnings from operations increased to $416.0 million for fiscal 2012, compared with $377.7 million for fiscal 2011.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Interest expense for fiscal 2012 was $90.4 million, compared with $88.4 million for fiscal 2011 due to an increase in average borrowings partially offset by a decrease in average borrowing costs.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Income tax expense was $120.3 million for fiscal 2012, compared with $105.7 million for fiscal 2011. The increase was due to higher pretax earnings for fiscal 2012.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Dividends paid or accrued on our Series A Preferred were $2.9 million and $12.4 million for fiscal 2012 and 2011, respectively. Fiscal 2012 included a $5.9 million non-recurring charge related to the redemption of the Series A Preferred Stock. All of our Series A Preferred stock was redeemed on June 1, 2011; therefore, no dividends were accrued with respect to the Series A Preferred for the second, third and fourth quarters of fiscal 2012.&#160; </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As a result of the above mentioned items, earnings available to common shareholders were $196.5 million for fiscal 2012, compared with $171.0 million for fiscal 2011. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Basic and diluted earnings per common share for fiscal 2012 were $10.09, compared with $8.80 for fiscal 2011.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The weighted average common shares outstanding basic and diluted were 19,476,187 for fiscal 2012, compared with 19,432,781 for fiscal 2011.</font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Moving and Storage</font></p>
            <p style="margin:0pt 0pt 10pt 14.4pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Fiscal</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic"> 20</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">13 Compared</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic"> with</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic"> Fiscal 2012</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Listed below are revenues for the major product lines at our Moving and Storage operating segment for fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> and fiscal 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">:</font><font style="font-family:Arial; font-size:10pt"> </font></p>
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                    <td style="vertical-align:bottom; width:309.75pt">
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Year Ended March 31,</font></p>
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                <tr style="height:12.75pt">
                    <td style="vertical-align:bottom; width:309.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T7_BM16"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
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                    <td style="vertical-align:bottom; width:309.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T7_BM17"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:309.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Self-moving equipment rentals</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,769,058</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,679,963</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:309.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Self-storage revenues</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">152,660</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">134,376</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:309.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Self-moving and self-storage products and service sales</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">221,117</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">213,854</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:309.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Property management fees</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">24,378</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">23,266</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:309.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Net investment and interest income</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">18,622</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">27,132</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:309.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Other revenue</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">96,507</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">78,332</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:309.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Moving and Storage revenue</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2,282,342</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2,156,923</font></p>
                    </td>
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                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:71.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:71.25pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Self-moving equipment rental revenues increased $</font><font style="font-family:Arial; font-size:10pt">89.1</font><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt"> for fiscal 2013 as compared to fiscal 2012.</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">Growth in In-Town and one-way transactions was the single largest driver of growth in revenues during fiscal 2013.&#160; Truck, trailers and towing devices all experienced transaction and revenue growth as compared to fiscal 2012.&#160; We believe the improvement in revenue occurred in conjunction with growth in our independent d</font><font style="font-family:Arial; font-size:10pt">ealer network, expansion of company operated locations and an increase in the number of trucks and trailers in the fleet.&#160; Our focus continues to be on improving the rental experience for our customers through the availability of equipment, convenient access to rental locations and ease of the rental process.</font><a name="EDGAR_PAGE_END31"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_93"></a><font style="font-family:Arial; font-size:8pt">28</font><a name="EDGAR_HF_F_END_94"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_89"></a><a name="EDGAR_HF_H_END_90"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><a name="EDGAR_PAGE_START32"></a><font style="font-family:Arial; font-size:10pt">Self-</font><font style="font-family:Arial; font-size:10pt">storage</font><font style="font-family:Arial; font-size:10pt"> revenues</font><font style="font-family:Arial; font-size:10pt"> increased $</font><font style="font-family:Arial; font-size:10pt">18.3</font><font style="font-family:Arial; font-size:10pt"> million </font><font style="font-family:Arial; font-size:10pt">for</font><font style="font-family:Arial; font-size:10pt"> fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, compared with fiscal 201</font><font style="font-family:Arial; font-size:10pt">2.&#160; </font><font style="font-family:Arial; font-size:10pt">Average monthly occupancy </font><font style="font-family:Arial; font-size:10pt">for fiscal </font><font style="font-family:Arial; font-size:10pt">2013</font><font style="font-family:Arial; font-size:10pt"> increased</font><font style="font-family:Arial; font-size:10pt"> by </font><font style="font-family:Arial; font-size:10pt">1.6</font><font style="font-family:Arial; font-size:10pt"> million square feet compared to the same period last year.&#160; These occupancy gains have come from a combination of improvements at existing locations as well as the acquisition of new facilities.&#160; Over the last twelve months we have added approximately </font><font style="font-family:Arial; font-size:10pt">2.1</font><font style="font-family:Arial; font-size:10pt"> million net rentable square feet</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt"> </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Sales of self-moving and </font><font style="font-family:Arial; font-size:10pt">self-storage</font><font style="font-family:Arial; font-size:10pt"> products and services increased $</font><font style="font-family:Arial; font-size:10pt">7.3</font><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt"> for fiscal 2013 as compared to fiscal 2012</font><font style="font-family:Arial; font-size:10pt">.&#160; </font><font style="font-family:Arial; font-size:10pt">We earned increases </font><font style="font-family:Arial; font-size:10pt">from the sale of moving </font><font style="font-family:Arial; font-size:10pt">supplies </font><font style="font-family:Arial; font-size:10pt">as well as</font><font style="font-family:Arial; font-size:10pt"> towing accessories and installation</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Property management fees increased $1.1 million for fiscal 2013 as compared to fiscal 2012.&#160; The calculation of these fees is largely based upon revenues collected at the facilities managed by the Company.&#160; As</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">these underlying revenues increase, the fees we collect for management services increase as well.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Net investment and interest income decreased $8.5 million for fiscal 2013 as compared to fiscal 2012</font><font style="font-family:Arial; font-size:10pt">. During the first quarter of fiscal </font><font style="font-family:Arial; font-size:10pt">2013</font><font style="font-family:Arial; font-size:10pt">, SAC Holdings repaid AMERCO $127.3 million for notes and interest outstanding. These notes carried interest rates of 9% and the loss of this yield caused a</font><font style="font-family:Arial; font-size:10pt">n</font><font style="font-family:Arial; font-size:10pt"> $</font><font style="font-family:Arial; font-size:10pt">11.0</font><font style="font-family:Arial; font-size:10pt"> million decline in interest income</font><font style="font-family:Arial; font-size:10pt"> for fiscal 2013 as compared to fiscal 2012.&#160; This decline was partially offset by gains from mortgage loans held for investment at the Moving and Storage operating segment.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Other revenue increased $</font><font style="font-family:Arial; font-size:10pt">18.2</font><font style="font-family:Arial; font-size:10pt"> million </font><font style="font-family:Arial; font-size:10pt">for fiscal 2013 as compared to fiscal 2012 </font><font style="font-family:Arial; font-size:10pt">primarily from the expansion of new business initiatives including our U-Box program.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The Company owns and manages </font><font style="font-family:Arial; font-size:10pt">self-storage</font><font style="font-family:Arial; font-size:10pt"> facilities. Self</font><font style="font-family:Arial; font-size:10pt">-storage</font><font style="font-family:Arial; font-size:10pt"> revenues reported in the consolidated financial statements represent Company-owned locations only. Self</font><font style="font-family:Arial; font-size:10pt">-storage</font><font style="font-family:Arial; font-size:10pt"> data for our owned </font><font style="font-family:Arial; font-size:10pt">storage</font><font style="font-family:Arial; font-size:10pt"> locations follows:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:270.75pt">
                        <p style="margin:0pt"><a name="DOC_TBL00006_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Year Ended March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:270.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:99.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:12pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:270.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands, except occupancy rate)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:270.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Room count as of March 31</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:99.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">186</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:12pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T8_BM18"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">165</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:270.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Square footage as of March 31</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:99.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">16,034</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:12pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T8_BM19"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">13,889</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:270.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Average monthly number of rooms occupied</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:99.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">139</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:12pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T8_BM20"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">123</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:270.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Average monthly occupancy rate based on room count</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:99.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">78.7%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:12pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">76.9%</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:270.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Average monthly square footage occupied</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:99.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">11,999</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:12pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T8_BM21"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">10,401</font></p>
                    </td>
                </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                    <td style="width:270.75pt; border:none">
                    </td>
                    <td style="width:99.75pt; border:none">
                    </td>
                    <td style="width:12pt; border:none">
                    </td>
                    <td style="width:89.25pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Total costs and expenses increased $</font><font style="font-family:Arial; font-size:10pt">95.9</font><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt"> for fiscal 2013 as compared to fiscal 2012</font><font style="font-family:Arial; font-size:10pt">. Operating expenses increased $</font><font style="font-family:Arial; font-size:10pt">74.9</font><font style="font-family:Arial; font-size:10pt"> million primarily from spending on personnel, accruals for liability costs, legal expense</font><font style="font-family:Arial; font-size:10pt">, property taxes</font><font style="font-family:Arial; font-size:10pt"> and operating costs associated with the U-Box program. Commission expenses increased in relation to the associated revenues. Cost of sales declined due to a reduction in the price of propane combined with a reduction in the volume purchased. Depreciation expense, net, increased $</font><font style="font-family:Arial; font-size:10pt">29.1</font><font style="font-family:Arial; font-size:10pt"> million while lease expense decreased $</font><font style="font-family:Arial; font-size:10pt">14.8</font><font style="font-family:Arial; font-size:10pt"> million as a result of the Company&#8217;s shift in financing new equipment on the balance sheet versus through operating leases</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">During </font><font style="font-family:Arial; font-size:10pt">the third quarter of fiscal</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">2013</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">H</font><font style="font-family:Arial; font-size:10pt">urricane Sandy struck the Northeastern portion of the United States interrupting business at approximately 100 stores. All of these stores were </font><font style="font-family:Arial; font-size:10pt">operational</font><font style="font-family:Arial; font-size:10pt"> within a few days</font><font style="font-family:Arial; font-size:10pt">, but for the most part, required some additional time to reach full operational strength</font><font style="font-family:Arial; font-size:10pt">. We estimated losses related to destroyed rental equipment of approximately $</font><font style="font-family:Arial; font-size:10pt">0.8</font><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt"> and this was recorded as an expense in the third quarter</font><font style="font-family:Arial; font-size:10pt">. We maintain property and business interruption insurance coverage with independent third parties to mitigate the financial impact of these types of catastrophic events. Our insurance deductible is $</font><font style="font-family:Arial; font-size:10pt">0.3 million</font><font style="font-family:Arial; font-size:10pt"> and </font><font style="font-family:Arial; font-size:10pt">this was</font><font style="font-family:Arial; font-size:10pt"> recorded</font><font style="font-family:Arial; font-size:10pt"> as an expense</font><font style="font-family:Arial; font-size:10pt"> in the third quarter</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As a result of the above mentioned changes in revenues and expenses, earnings from operations for the Moving and Storage operating segment before consolidation of the equity in the earnings of the insurance subsidiaries increased to $462.3 million for fiscal 2013 as compared with $432.8 million for fiscal 2012.</font><a name="EDGAR_PAGE_END32"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_93"></a><font style="font-family:Arial; font-size:8pt">29</font><a name="EDGAR_HF_F_END_94"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_89"></a><a name="EDGAR_HF_H_END_90"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><a name="EDGAR_PAGE_START33"></a><font style="font-family:Arial; font-size:10pt">Equity in the earnings of AMERCO&#8217;s insurance subsidiaries </font><font style="font-family:Arial; font-size:10pt">inc</font><font style="font-family:Arial; font-size:10pt">reased $</font><font style="font-family:Arial; font-size:10pt">34.6</font><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt"> for fiscal 2013</font><font style="font-family:Arial; font-size:10pt">, compared with </font><font style="font-family:Arial; font-size:10pt">fiscal 2012 as a result of the reserve strengthening at the Property and Casualty Insurance segment in the prior year</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As a result of the above mentioned changes in revenues and expenses, earnings from operations increased to </font><font style="font-family:Arial; font-size:10pt">$486.6</font><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt"> for fiscal 2013</font><font style="font-family:Arial; font-size:10pt">, compared with $</font><font style="font-family:Arial; font-size:10pt">422.4</font><font style="font-family:Arial; font-size:10pt"> million </font><a name="EDGAR_PAGE_52"></a><font style="font-family:Arial; font-size:10pt">for fiscal 2012.</font></p>
            <p style="margin:0pt 0pt 10pt 14.4pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Fiscal</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic"> 20</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">12 Compared</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic"> with</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic"> Fiscal 2011</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Listed below are revenues for the major product lines at our Moving and Storage operating segment for fiscal 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt"> and fiscal 201</font><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt">:</font></p>
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                <tr style="height:12.75pt">
                    <td style="vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt; text-align:right"><a name="DOC_TBL00007_1_1"></a><a name="EDGAR_DEC_TAB_VALUE_T9_BM22"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Year Ended March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T9_BM23"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2011</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T9_BM24"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Self-moving equipment rentals</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,679,963</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,549,058</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Self-storage revenues</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">134,376</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">120,698</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Self-moving and self-storage products and service sales</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">213,854</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">205,570</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Property management fees</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">23,266</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">22,132</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Net investment and interest income</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">27,132</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">25,702</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Other revenue</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">78,332</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">54,666</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:310.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Moving and Storage revenue</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2,156,923</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,977,826</font></p>
                    </td>
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                    <td style="width:310.5pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:71.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:71.25pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Self-</font><font style="font-family:Arial; font-size:10pt">moving equipment rental revenues increased $</font><font style="font-family:Arial; font-size:10pt">130.9</font><font style="font-family:Arial; font-size:10pt"> million </font><font style="font-family:Arial; font-size:10pt">for fiscal 2012, compared with </font><font style="font-family:Arial; font-size:10pt">fiscal 2011.&#160; </font><font style="font-family:Arial; font-size:10pt">The largest contributor to the revenue improvement was the increase in both In-Town and one-way moving transactions across both our truck and trailer fleets.&#160; We believe the growth in the number of transactions was influenced by our continuing customer service enhancements which allowed us to better serve the existing customer base combined with an increase in overall demand for our services.&#160; We were also better able to serve our customers through an increase in the amount of equipment in our fleet throughout the year. Other factors that contributed to the revenue improvement included an increase in our average revenue per transaction and utilization of the fleet.&#160; Factors which contribute to changes in revenue per transaction include the mix of equipment type rented and rental rates charged.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Self-storage revenues</font><font style="font-family:Arial; font-size:10pt"> increased $</font><font style="font-family:Arial; font-size:10pt">13.7</font><font style="font-family:Arial; font-size:10pt"> million </font><font style="font-family:Arial; font-size:10pt">for</font><font style="font-family:Arial; font-size:10pt"> fiscal 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">, compared with fiscal </font><font style="font-family:Arial; font-size:10pt">2011 due primarily to an increase in the number of rooms rented combined with a modest improvement in overall rates per occupied square foot.&#160; The average amount of occupied square feet increased by approximately 10% for fiscal 2012 compared to </font><font style="font-family:Arial; font-size:10pt">fiscal 2011</font><font style="font-family:Arial; font-size:10pt">.&#160; A portion of this improvement comes from the additional capacity added to the portfolio; total net rentable square feet increased by 1.4 million over the last twelve months.</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">&#160;&#160;&#160;&#160;&#160; </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Sales of self-moving and self-storage products and services increased $</font><font style="font-family:Arial; font-size:10pt">8.3</font><font style="font-family:Arial; font-size:10pt"> million </font><font style="font-family:Arial; font-size:10pt">for </font><font style="font-family:Arial; font-size:10pt">fiscal 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">, compared with fiscal 201</font><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt">.&#160; Increases were recognized in the sale of propane and towing accessories and installation with the majority of the improvement coming from the sales of moving supplies.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Other revenue increased $</font><font style="font-family:Arial; font-size:10pt">23.7</font><font style="font-family:Arial; font-size:10pt"> million </font><font style="font-family:Arial; font-size:10pt">for</font><font style="font-family:Arial; font-size:10pt"> fiscal 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">, compared with fiscal 201</font><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">primarily from the expansion of new business initiatives including our U-Box program.</font><a name="EDGAR_PAGE_END33"></a></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_93"></a><font style="font-family:Arial; font-size:8pt">30</font><a name="EDGAR_HF_F_END_94"></a></p>
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            <p style="margin:0pt"><a name="EDGAR_HF_H_START_89"></a><a name="EDGAR_HF_H_END_90"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START34"></a><font style="font-family:Arial; font-size:10pt">The Company owns and manages self-storage facilities. Self-storage revenues reported in the consolidated financial statements represent Company-owned locations only. Self-storage data for our owned storage locations follows:</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Year Ended March 31,</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2011</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(In thousands, except occupancy rate)</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Room count as of March 31</font></p>
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                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">165</font></p>
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                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">153</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Square footage as of March 31</font></p>
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                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">13,889</font></p>
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                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">12,534</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Average monthly number of rooms occupied</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:98.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">123</font></p>
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                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:92.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">113</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Average monthly occupancy rate based on room count</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:98.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">76.9%</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">75.8%</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Average monthly square footage occupied</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:98.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">10,401</font></p>
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                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">9,437</font></p>
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            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Total costs and expenses increased $101.5 million for fiscal 2012, compared with fiscal 2011.&#160; Operating expenses increased $69.8 million due largely to spending on personnel, rental equipment maintenance and operating costs associated with the U-Box program.&#160; Cost of sales and commission expenses increased in relation to the associated revenues.&#160; Depreciation expense, before gains on the disposal of equipment, increased $17.5 million while lease expense decreased $19.6 million.&#160; Over the last several years the Company has decreased its use of leases for funding new equipment acquisitions and increased its use of term loans and securitizations, which are the primary causes of the decrease in lease expense and increase in depreciation expense.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As a result of the above mentioned changes in revenues and expenses, earnings from operations for the Moving and Storage operating segment before consolidation of the equity in the earnings of the insurance subsidiaries, </font><font style="font-family:Arial; font-size:10pt">increased t</font><font style="font-family:Arial; font-size:10pt">o $432.8 million for fiscal 2012, compared with $355.2 million for the fiscal 2011.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Equity in the earnings of AMERCO&#8217;s insurance subsidiaries </font><font style="font-family:Arial; font-size:10pt">de</font><font style="font-family:Arial; font-size:10pt">creased $</font><font style="font-family:Arial; font-size:10pt">25.3</font><font style="font-family:Arial; font-size:10pt"> million for fiscal 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">, compared with fiscal 201</font><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">as a result of the reserve strengthening at the Property and Casualty Insurance operating segment</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As a result of the above mentioned changes in revenues and expenses, earnings from operations </font><font style="font-family:Arial; font-size:10pt">increased to $</font><font style="font-family:Arial; font-size:10pt">422.4</font><font style="font-family:Arial; font-size:10pt"> million for fiscal 2012, compared with $370.1 million for fiscal 2011.</font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Property and Casualty Insurance</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">2012 Compared with 2011</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Net premiums were $</font><font style="font-family:Arial; font-size:10pt">34.3</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">32.6</font><font style="font-family:Arial; font-size:10pt"> million for the years ended December 31, 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt"> and 201</font><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt">, respectively. </font><font style="font-family:Arial; font-size:10pt">A</font><font style="font-family:Arial; font-size:10pt"> significant</font><font style="font-family:Arial; font-size:10pt"> portion of Repwest&#8217;s premiums are from policies sold in conjunction with U-Haul rental transactions.</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">The increase corresponded with the increased moving and storage transactions at U-Haul.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Net investment income was $</font><font style="font-family:Arial; font-size:10pt">13.9</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">10</font><font style="font-family:Arial; font-size:10pt">.0 million for the years ended December 31, 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt"> and 201</font><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt">, respectively. The increase was due to $</font><font style="font-family:Arial; font-size:10pt">4.6</font><font style="font-family:Arial; font-size:10pt"> million of gains on </font><font style="font-family:Arial; font-size:10pt">mortgage loans offset by a $0.8 million decrease in real estate income</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Net operating expenses were $</font><font style="font-family:Arial; font-size:10pt">18.0</font><font style="font-family:Arial; font-size:10pt"> million and $1</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> million for the years ended December 31, 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt"> and 201</font><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt">. </font><font style="font-family:Arial; font-size:10pt">The increase was primarily due to a $4.1 million write-off for reinsurance deemed uncollectible combined with $0.7 million in legal fees related to this transaction</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Benefits and losses incurred were $</font><font style="font-family:Arial; font-size:10pt">16.0</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">65.7</font><font style="font-family:Arial; font-size:10pt"> million for the years ended December 31, 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt"> and 201</font><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt">, respectively</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">The </font><font style="font-family:Arial; font-size:10pt">de</font><font style="font-family:Arial; font-size:10pt">crease was primarily due to reserve strengthening</font><font style="font-family:Arial; font-size:10pt"> in 2011</font><font style="font-family:Arial; font-size:10pt"> on terminated workers&#8217; compensation programs originally written or reinsured between 1983 and 2003. Losses in this line of business increased $5</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt">8</font><font style="font-family:Arial; font-size:10pt"> million of which $48.</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> million was recognized in the third quarter of fiscal 2012. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As a result of the above mentioned changes in revenues and expenses, pretax earnings</font><font style="font-family:Arial; font-size:10pt"> (loss)</font><font style="font-family:Arial; font-size:10pt"> from operations</font><font style="font-family:Arial; font-size:10pt"> were $</font><font style="font-family:Arial; font-size:10pt">14.2</font><font style="font-family:Arial; font-size:10pt"> million and </font><font style="font-family:Arial; font-size:10pt">(</font><font style="font-family:Arial; font-size:10pt">$</font><font style="font-family:Arial; font-size:10pt">36.4)</font><font style="font-family:Arial; font-size:10pt"> million for the years ended December 31, 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt"> and 201</font><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt">, respectively. </font><a name="EDGAR_PAGE_END34"></a></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_93"></a><font style="font-family:Arial; font-size:8pt">31</font><a name="EDGAR_HF_F_END_94"></a></p>
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        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_89"></a><a name="EDGAR_HF_H_END_90"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START35"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Property and Casualty Insurance</font></p>
            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">2011 Compared with 2010</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Net premiums were $32.6 million and $30.7 million for the years ended December 31, 2011 and 2010, respectively. </font><font style="font-family:Arial; font-size:10pt">A portion of Repwest&#8217;s premiums are from policies sold in conjunction with U-Haul rental transactions.</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">The increase corresponded with the increased moving and storage transactions at U-Haul.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Net investment income was $10.0 million and $8.0 million for the years ended December 31, 2011 and 2010, respectively. The increase was due to $1.0 million of gains on assets disposed and higher returns from assets invested in mortgage loans.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Net operating expenses were $13.3 million and $15.8 million for the years ended December 31, 2011 and 2010. The decrease was due to a $1.1 million payment </font><font style="font-family:Arial; font-size:10pt">related to an excess workers&#8217; compensation treaty payment</font><font style="font-family:Arial; font-size:10pt"> in 2010</font><font style="font-family:Arial; font-size:10pt"> with no similar expense in 2011</font><font style="font-family:Arial; font-size:10pt"> and a $1.2 million </font><font style="font-family:Arial; font-size:10pt">de</font><font style="font-family:Arial; font-size:10pt">crease in </font><font style="font-family:Arial; font-size:10pt">net </font><font style="font-family:Arial; font-size:10pt">loss adjusting </font><font style="font-family:Arial; font-size:10pt">expense</font><font style="font-family:Arial; font-size:10pt"> in 2011.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Benefits and losses incurred were $65.7 million and $17.2 million for the years ended December 31, 2011 and 2010, respectively. The increase was primarily due to reserve strengthening on terminated workers&#8217; compensation programs originally written or reinsured between 1983 and 2003. Losses in this line of business increased $53.8 million of which $48.</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> million was recognized in the third quarter of fiscal 2012. The Company determined that claims have been developing much more adversely than previously anticipated. A combination of issues including medical inflation, additional treatments, longer claim terms and underestimation of claims costs by third party administrators and reinsurers contributed to these adjustments. These updated assumptions led to the revision in the Company&#8217;s loss assumptions for this business. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As a result of the above mentioned changes in revenues and expenses, pretax earnings</font><font style="font-family:Arial; font-size:10pt"> (loss)</font><font style="font-family:Arial; font-size:10pt"> from operations</font><font style="font-family:Arial; font-size:10pt"> were ($36.4) million and $5.6 million for the years ended December 31, 2011 and 2010, respectively. </font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Life Insurance</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">2012 Compared with 2011</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Net premiums were $178.1 million and $277.6 million for the years ended December 31, 2012 and 2011, respectively. During the third quarter of 2011 Oxford entered into a coinsurance arrangement for a block of whole life insurance policies resulting in a one-time increase in premiums of $83.5 million due to the transfer of liabilities.&#160; Medicare supplement premiums decreased by $9.5 million compared to the prior year while premiums from other products including life insurance decreased $6.5 million.&#160; New business activity in 2012 shifted more towards annuity policies with sales of these products accounted for as deposits on the balance sheet instead of premium income.&#160; Annuity deposits increased by $258.5 million compared to 2011.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Net investment income was $</font><font style="font-family:Arial; font-size:10pt">50.9</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">38.1</font><font style="font-family:Arial; font-size:10pt"> million for the </font><font style="font-family:Arial; font-size:10pt">years</font><font style="font-family:Arial; font-size:10pt"> ended </font><font style="font-family:Arial; font-size:10pt">December</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">31</font><font style="font-family:Arial; font-size:10pt">, 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt"> and 201</font><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt">, respectively. </font><font style="font-family:Arial; font-size:10pt">There was an increase of $13.8 million of investment income due to a larger invested asset base and gains on matured mortgage loans purchased at discounts. This was offset by a decrease in realized gains recognized on investments of $0.9 million</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Net operating expenses were $</font><font style="font-family:Arial; font-size:10pt">26.5</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">28.9</font><font style="font-family:Arial; font-size:10pt"> million for the </font><font style="font-family:Arial; font-size:10pt">years</font><font style="font-family:Arial; font-size:10pt"> ended </font><font style="font-family:Arial; font-size:10pt">December 31</font><font style="font-family:Arial; font-size:10pt">, 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt"> and 201</font><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt">, respectively. </font><font style="font-family:Arial; font-size:10pt">The variance was due to a reduced Medicare supplement and single premium whole life commissions resulting from a decline in the Medicare supplement policy base along with lower new sales of the life product.</font><font style="font-family:Arial; font-size:10pt"> </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Benefits and losses incurred were $</font><font style="font-family:Arial; font-size:10pt">164.7</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">254.4</font><font style="font-family:Arial; font-size:10pt"> million for the </font><font style="font-family:Arial; font-size:10pt">years</font><font style="font-family:Arial; font-size:10pt"> ended </font><font style="font-family:Arial; font-size:10pt">December</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">31</font><font style="font-family:Arial; font-size:10pt">, 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt"> and 201</font><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt">, respectively. </font><font style="font-family:Arial; font-size:10pt"> During the third quarter of 2011 Oxford entered into the coinsurance arrangement for the block of whole life insurance policies resulting in a one-time increase in benefits of $83.5 million due to the transfer of liabilities. Medicare supplement benefits decreased by $9.9 million from a reduction of policies in-force and improved benefit ratios.&#160; As a result of the growth in annuity deposits, interest credited to policyholders increased $3.2 million.</font><a name="EDGAR_PAGE_END35"></a></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><a name="EDGAR_PAGE_START36"></a><font style="font-family:Arial; font-size:10pt">Amortization of</font><font style="font-family:Arial; font-size:10pt"> deferred acquisition costs</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">(&#8220;</font><font style="font-family:Arial; font-size:10pt">DAC</font><font style="font-family:Arial; font-size:10pt">&#8221;), sales inducement asset (&#8220;SIA&#8221;)</font><font style="font-family:Arial; font-size:10pt"> and</font><font style="font-family:Arial; font-size:10pt"> the value of business acquired</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">(&#8220;</font><font style="font-family:Arial; font-size:10pt">VOBA</font><font style="font-family:Arial; font-size:10pt">&#8221;)</font><font style="font-family:Arial; font-size:10pt"> was $</font><font style="font-family:Arial; font-size:10pt">17.4</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">13.8</font><font style="font-family:Arial; font-size:10pt"> million for the </font><font style="font-family:Arial; font-size:10pt">years</font><font style="font-family:Arial; font-size:10pt"> ended </font><font style="font-family:Arial; font-size:10pt">December</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">31</font><font style="font-family:Arial; font-size:10pt">, 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt"> and 201</font><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt">, respectively</font><font style="font-family:Arial; font-size:10pt">.&#160; This was primarily due to amortization related to increased annuity sales and in-force life insurance policies.&#160; </font><font style="font-family:Arial; font-size:10pt"> </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As a result of the above mentioned changes in revenues and expenses, pretax earnings from operations were $</font><font style="font-family:Arial; font-size:10pt">23.0</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">20.1</font><font style="font-family:Arial; font-size:10pt"> million for the </font><font style="font-family:Arial; font-size:10pt">years</font><font style="font-family:Arial; font-size:10pt"> ended </font><font style="font-family:Arial; font-size:10pt">December</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">31</font><font style="font-family:Arial; font-size:10pt">, 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt"> and 201</font><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt">, respectively.</font></p>
            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Life Insurance</font></p>
            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">2011 Compared with 2010</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Net premiums were $277.6 million and $207.0 million for the years ended December 31, 2011 and 2010, respectively.&#160; During 2011 we entered in a coinsurance arrangement for a block of whole life policies resulting in a one-time increase in premiums of $83.5 million due to the transfer of liabilities.&#160; Likewise, 2010 included a $30.8 million increase in premiums related to a coinsurance agreement entered into for a block of final expense whole life policies acquired.&#160; Medicare supplement premiums increased $27.1 million, of which $32.6 million was attributable to the 2010 acquisition of a block of existing policies.&#160; This was offset by policy terminations which exceeded rate increases on existing business.&#160; Other life insurance premiums and annuitizations accounted for a decrease of $9.1 million during the year.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Net investment income was $</font><font style="font-family:Arial; font-size:10pt">38.1</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">30.8</font><font style="font-family:Arial; font-size:10pt"> million for the </font><font style="font-family:Arial; font-size:10pt">years</font><font style="font-family:Arial; font-size:10pt"> ended </font><font style="font-family:Arial; font-size:10pt">December</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">31</font><font style="font-family:Arial; font-size:10pt">, 2011 and 2010, respectively. The increase was due to an additional $2.</font><font style="font-family:Arial; font-size:10pt">9</font><font style="font-family:Arial; font-size:10pt"> million in gains on the sale of securities and increased income due to a larger invested asset base.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Net operating expenses were $</font><font style="font-family:Arial; font-size:10pt">28.9</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">29.8</font><font style="font-family:Arial; font-size:10pt"> million for the </font><font style="font-family:Arial; font-size:10pt">years</font><font style="font-family:Arial; font-size:10pt"> ended </font><font style="font-family:Arial; font-size:10pt">December 31</font><font style="font-family:Arial; font-size:10pt">, 2011 and 2010, respectively. </font><font style="font-family:Arial; font-size:10pt">An increase in g</font><font style="font-family:Arial; font-size:10pt">eneral </font><font style="font-family:Arial; font-size:10pt">administrative and commission </font><font style="font-family:Arial; font-size:10pt">expense</font><font style="font-family:Arial; font-size:10pt"> related to current year annuity sales and last year&#8217;s Medicare supplement acquisition </font><font style="font-family:Arial; font-size:10pt">was </font><font style="font-family:Arial; font-size:10pt">offset by a </font><font style="font-family:Arial; font-size:10pt">reduction in life </font><font style="font-family:Arial; font-size:10pt">insurance </font><font style="font-family:Arial; font-size:10pt">commission</font><font style="font-family:Arial; font-size:10pt">s.</font><font style="font-family:Arial; font-size:10pt"> </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Benefits and losses incurred were $</font><font style="font-family:Arial; font-size:10pt">254.4</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">183.3</font><font style="font-family:Arial; font-size:10pt"> million for the </font><font style="font-family:Arial; font-size:10pt">years</font><font style="font-family:Arial; font-size:10pt"> ended </font><font style="font-family:Arial; font-size:10pt">December</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">31</font><font style="font-family:Arial; font-size:10pt">, 2011 and 2010, respectively. </font><font style="font-family:Arial; font-size:10pt"> There was a net increase of $52.7 million in Life benefits due to the transfer of liabilities for the coinsurance of new blocks of business during both quarters ending December 31, 2011 and 2010.&#160; </font><font style="font-family:Arial; font-size:10pt">Medicare supplement benefits increased $</font><font style="font-family:Arial; font-size:10pt">24.1</font><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt">. </font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">An increase of</font><font style="font-family:Arial; font-size:10pt"> $</font><font style="font-family:Arial; font-size:10pt">31.1</font><font style="font-family:Arial; font-size:10pt"> million was due to the acquisition of last year&#8217;s Medicare supplement block of business, </font><font style="font-family:Arial; font-size:10pt">which was partially </font><font style="font-family:Arial; font-size:10pt">offset by a reduction of $</font><font style="font-family:Arial; font-size:10pt">7.0</font><font style="font-family:Arial; font-size:10pt"> million in benefits on the existing business</font><font style="font-family:Arial; font-size:10pt">. </font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">All other business had a net decrease in benefits of $4.9 million for the year.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Amortization of DAC and VOBA was $</font><font style="font-family:Arial; font-size:10pt">13.8</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">9.5</font><font style="font-family:Arial; font-size:10pt"> million for the </font><font style="font-family:Arial; font-size:10pt">years</font><font style="font-family:Arial; font-size:10pt"> ended </font><font style="font-family:Arial; font-size:10pt">December</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">31</font><font style="font-family:Arial; font-size:10pt">, 2011 and 2010, respectively</font><font style="font-family:Arial; font-size:10pt">.&#160; Approximately $1.2 million of the increase was due to</font><font style="font-family:Arial; font-size:10pt"> additional annuity DAC</font><font style="font-family:Arial; font-size:10pt"> amortization resulting from</font><font style="font-family:Arial; font-size:10pt"> realized capital gains</font><font style="font-family:Arial; font-size:10pt"> recognized during the year. A</font><font style="font-family:Arial; font-size:10pt">n addition</font><font style="font-family:Arial; font-size:10pt">al </font><font style="font-family:Arial; font-size:10pt">$1.</font><font style="font-family:Arial; font-size:10pt">5</font><font style="font-family:Arial; font-size:10pt"> million </font><font style="font-family:Arial; font-size:10pt">was </font><font style="font-family:Arial; font-size:10pt">from the acquisition of last year&#8217;s Medicare supplement and final expense </font><font style="font-family:Arial; font-size:10pt">policies. The remaining increase was spread across various life insurance and annuity products</font><font style="font-family:Arial; font-size:10pt">. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As a result of the above mentioned changes in revenues and expenses, pretax earnings from operations were $</font><font style="font-family:Arial; font-size:10pt">20.1</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">17.4</font><font style="font-family:Arial; font-size:10pt"> million for the </font><font style="font-family:Arial; font-size:10pt">years</font><font style="font-family:Arial; font-size:10pt"> ended </font><font style="font-family:Arial; font-size:10pt">December</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">31</font><font style="font-family:Arial; font-size:10pt">, 2011 and 2010, respectively.</font></p>
            <p style="margin:6pt 0pt; widows:0; orphans:0"><a name="_DMBM_313"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Liquidity and Capital Resources</font></a></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">We believe our current capital structure is a positive factor that will enable us to pursue our operational plans and goals and provide us with sufficient liquidity for the foreseeable future. The majority of our obligations currently in place mature </font><font style="font-family:Arial; font-size:10pt">between</font><font style="font-family:Arial; font-size:10pt"> fiscal years </font><font style="font-family:Arial; font-size:10pt">2016 and 2019</font><font style="font-family:Arial; font-size:10pt">. However, since there are many factors which could affect our liquidity, including some which are beyond our control, there is no assurance that future cash flows</font><font style="font-family:Arial; font-size:10pt"> and liquidity resources</font><font style="font-family:Arial; font-size:10pt"> will be sufficient to meet our outstanding debt obligations and our other future capital needs.</font><a name="EDGAR_PAGE_END36"></a></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_105"></a><font style="font-family:Arial; font-size:8pt">33</font><a name="EDGAR_HF_F_END_106"></a></p>
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            <p style="margin:0pt"><a name="EDGAR_HF_H_START_101"></a><a name="EDGAR_HF_H_END_102"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START37"></a><font style="font-family:Arial; font-size:10pt">At March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, cash and cash equivalents totaled $</font><font style="font-family:Arial; font-size:10pt">463.7</font><font style="font-family:Arial; font-size:10pt"> million, compared with $</font><font style="font-family:Arial; font-size:10pt">357.2</font><font style="font-family:Arial; font-size:10pt"> million on March 31, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">. The assets of our insurance subsidiaries are generally unavailable to fulfill the obligations of non-insurance operations (AMERCO, U-Haul and Real Estate). As of March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> (or as otherwise indicated), cash and cash equivalents, other financial assets (receivables, short-term investments, other investments, fixed maturities, and related party assets) and </font><font style="font-family:Arial; font-size:10pt">debt </font><font style="font-family:Arial; font-size:10pt">obligations of each operating segment were:</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:216pt">
                        <p style="margin:0pt"><a name="DOC_TBL00012_1_1"></a><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:93pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Moving &amp; Storage</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Property and Casualty Insurance (a)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Life Insurance (a)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:216pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:216pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:93pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:216pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Cash and cash equivalents</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:93pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">427,560</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">14,120</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">22,064</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:216pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Other financial assets</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:93pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">299,341</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">420,523</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">1,072,589</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:216pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Debt obligations</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:93pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">1,661,845</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:216pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:93pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:216pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(a) As of December 31, 2012</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:93pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    </td>
                    <td style="width:9.75pt; border:none">
                    </td>
                    <td style="width:74.25pt; border:none">
                    </td>
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            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">At March 31, 2013, o</font><font style="font-family:Arial; font-size:10pt">ur Moving and Storage </font><font style="font-family:Arial; font-size:10pt">segment</font><font style="font-family:Arial; font-size:10pt"> had cash available under existing credit facilities of </font><font style="font-family:Arial; font-size:10pt">$</font><font style="font-family:Arial; font-size:10pt">116.0</font><font style="font-family:Arial; font-size:10pt"> million.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">A summary of our consolidated cash flows for fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt"> is shown in the table below:</font></p>
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                <tr style="height:12.75pt">
                    <td style="vertical-align:bottom; width:264pt">
                        <p style="margin:0pt; text-align:right"><a name="DOC_TBL00013_1_1"></a><a name="EDGAR_DEC_TAB_VALUE_T12_BM25"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td colspan="5" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Years Ended March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="vertical-align:bottom; width:264pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T12_BM26"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2011</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="vertical-align:bottom; width:264pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T12_BM27"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:264pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Net cash provided by operating activities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">661,530</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">669,842</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">572,863</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:264pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Net cash used by investing activities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(712,213)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(582,137)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(373,970)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:264pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Net cash used by financing activities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">157,783</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(112,745)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(60,768)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:264pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Effects of exchange rate on cash</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(536)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(294)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">271</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:264pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Net cash flow</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">106,564</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(25,334)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">138,396</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:264pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Cash at the beginning of the period</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">357,180</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">382,514</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">244,118</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:264pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Cash at the end of the period</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">463,744</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">357,180</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">382,514</font></p>
                    </td>
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                    <td style="width:264pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:57.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:57.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:57.75pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Net cash pro</font><font style="font-family:Arial; font-size:10pt">vided by operating activities de</font><font style="font-family:Arial; font-size:10pt">creased $</font><font style="font-family:Arial; font-size:10pt">8.3</font><font style="font-family:Arial; font-size:10pt"> million in fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, compared with fiscal </font><font style="font-family:Arial; font-size:10pt">201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt"> primarily </font><font style="font-family:Arial; font-size:10pt">due to </font><font style="font-family:Arial; font-size:10pt">a $132.5 million increase in net federal income tax payments combined with a $133.0 million decline in the Life Insurance segment from reduced business acquisition activity.&#160; This is offset by the repayment </font><font style="font-family:Arial; font-size:10pt">of $127.3 million of the notes and interest receivables with SAC Holdings and from increased revenues</font><font style="font-family:Arial; font-size:10pt"> at the Moving and Storage segment</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt">&#160;&#160; </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Net cash used in investing activities increased $</font><font style="font-family:Arial; font-size:10pt">130.1</font><font style="font-family:Arial; font-size:10pt"> million in fiscal 2013, compared with fiscal 2012.</font><font style="font-family:Arial; font-size:10pt">&#160; The largest portion of this change came from the Life Insurance segment as funds from new annuity sales led to a net $142.5 increase in net cash used for investing. </font><font style="font-family:Arial; font-size:10pt">&#160; </font><font style="font-family:Arial; font-size:10pt">For our Moving and Storage operating segment, c</font><font style="font-family:Arial; font-size:10pt">ash received from entering into leases</font><font style="font-family:Arial; font-size:10pt"> related to the acquisition of new equipment</font><font style="font-family:Arial; font-size:10pt"> is reported net of the </font><font style="font-family:Arial; font-size:10pt">related </font><font style="font-family:Arial; font-size:10pt">cash used for </font><font style="font-family:Arial; font-size:10pt">the </font><font style="font-family:Arial; font-size:10pt">purchases of property, plant and equipment.&#160; New equipment leases funded in fiscal 2013 compared to fiscal 2012 increased $</font><font style="font-family:Arial; font-size:10pt">99.7</font><font style="font-family:Arial; font-size:10pt"> million, while cash used to purchase new rental equipment for fiscal 2013 increased $</font><font style="font-family:Arial; font-size:10pt">95.2</font><font style="font-family:Arial; font-size:10pt"> million compared to the same period last year. Cash provided from the sales of property, plant and equipment</font><font style="font-family:Arial; font-size:10pt">, primarily used trucks</font><font style="font-family:Arial; font-size:10pt"> increased $</font><font style="font-family:Arial; font-size:10pt">51.8</font><font style="font-family:Arial; font-size:10pt"> million. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Net cash </font><font style="font-family:Arial; font-size:10pt">provided</font><font style="font-family:Arial; font-size:10pt"> by financing activities increased $</font><font style="font-family:Arial; font-size:10pt">270.5</font><font style="font-family:Arial; font-size:10pt"> million in fiscal 2013, as compared with fiscal 2012. Net annuity deposits at the Life Insurance operating segment increased $</font><font style="font-family:Arial; font-size:10pt">284.0</font><font style="font-family:Arial; font-size:10pt"> million in fiscal 2013 compared to the same period last year. This was reduced</font><font style="font-family:Arial; font-size:10pt"> by the Moving and Storage segment through a net</font><font style="font-family:Arial; font-size:10pt"> increase in debt repayments </font><font style="font-family:Arial; font-size:10pt">as </font><font style="font-family:Arial; font-size:10pt">compared to new borrowings. Fiscal 2013 included $97.4 million of cash used to pay the Common Stock dividend, while fiscal 2012 included $152.0 million of cash used to redeem the Series A Preferred.</font><a name="EDGAR_PAGE_END37"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_105"></a><font style="font-family:Arial; font-size:8pt">34</font><a name="EDGAR_HF_F_END_106"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_101"></a><a name="EDGAR_HF_H_END_102"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START38"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Liquidity and Capital Resources and Requirements of Our Operating Segments</font></p>
            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Moving and Storage</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">To meet the needs of our customers, U-Haul maintains a large fleet of rental equipment. Capital expenditures have primarily reflected new rental equipment acquisitions and the buyouts of existing fleet from leases. The capital to fund these expenditures has historically been obtained internally from operations and the sale of used equipment and externally from debt and lease financing. In the future, we anticipate that our internally generated funds will be used to service the existing debt and fund operations. U-Haul estimates that during fiscal 201</font><font style="font-family:Arial; font-size:10pt">4</font><font style="font-family:Arial; font-size:10pt"> the Company will reinvest in its truck and trailer rental fleet approximately </font><font style="font-family:Arial; font-size:10pt">$300</font><font style="font-family:Arial; font-size:10pt"> million, net of equipment sales and excluding any lease buyouts. For fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, the Company invested, net of sales, approximately $</font><font style="font-family:Arial; font-size:10pt">391 </font><font style="font-family:Arial; font-size:10pt">million before any lease buyouts in its truck and trailer fleet. Fleet investments in fiscal 201</font><font style="font-family:Arial; font-size:10pt">4</font><font style="font-family:Arial; font-size:10pt"> and beyond will be dependent upon several factors including availability of capital, the truck rental environment and the used-truck sales market. We anticipate that the fiscal 201</font><font style="font-family:Arial; font-size:10pt">4</font><font style="font-family:Arial; font-size:10pt"> investments will be funded largely through debt financing,</font><font style="font-family:Arial; font-size:10pt"> external</font><font style="font-family:Arial; font-size:10pt"> lease financing and cash from operations. Management considers several factors including cost and tax consequences when selecting a method to fund capital expenditures. Our allocation between debt and lease financing can change from year to year based upon financial market conditions which may alter the cost or availability of financing options.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Real Estate has traditionally financed the acquisition of self-storage properties to support U-Haul's growth through debt</font><font style="font-family:Arial; font-size:10pt"> financing</font><font style="font-family:Arial; font-size:10pt"> and funds from operations and sales. The Company&#8217;s plan for the expansion of owned storage properties includes the acquisition of existing self-storage locations from third parties, the acquisition and development of bare land, and the acquisition and redevelopment of existing buildings not currently used for self-storage. The Company is funding these development projects through construction loans and internally generated funds. For fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, the Company invested nearly $</font><font style="font-family:Arial; font-size:10pt">170</font><font style="font-family:Arial; font-size:10pt"> million in real estate acquisitions, new construction and renovation and repair. For fiscal 201</font><font style="font-family:Arial; font-size:10pt">4</font><font style="font-family:Arial; font-size:10pt">, the timing of new projects will be dependent upon several factors including the entitlement process, availability of capital, weather, and the identification and successful acquisition of target properties. U-Haul's growth plan in self-storage also includes the expansion of the eMove program, which does not require significant capital.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Net capital expenditures (purchases of property, plant and equipment less proceeds from the sale of property, plant and equipment and lease proceeds) were $</font><font style="font-family:Arial; font-size:10pt">435.3</font><font style="font-family:Arial; font-size:10pt"> million, $420.9 million and $300.0 million for fiscal 2013, 2012 and 2011, respectively. The components of our net capital expenditures are provided in the following table:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:273pt">
                        <p style="margin:0pt"><a name="DOC_TBL00014_1_1"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Years Ended March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:273pt">
                        <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2011</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:273pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:273pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Purchases of rental equipment</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">599,044</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">503,863</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">386,626</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:273pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Equipment lease buyouts</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">60,041</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">52,340</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">25,024</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:273pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Purchases of real estate, construction and renovations</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">169,535</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">101,644</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">64,036</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:273pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Other capital expenditures</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">47,330</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">52,253</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">49,650</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:273pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Gross capital expenditures</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">875,950</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">710,100</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">525,336</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:273pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Less: Lease proceeds</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(219,966)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(120,301)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(44,918)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:273pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Less: Sales of property, plant and equipment</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(220,699)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(168,912)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(180,411)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:273pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Net capital expenditures</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">435,285</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">420,887</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">300,007</font></p>
                    </td>
                </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                    <td style="width:273pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:51.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:51.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:53.25pt; border:none">
                    </td>
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            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The Moving and Storage operating segment continues to hold significant cash and has access to additional liquidity. Management may invest these funds in our existing operations, expand our product lines or pursue external opportunities in the self-moving and storage market place, or reduce existing indebtedness where possible.</font><a name="EDGAR_PAGE_END38"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_105"></a><font style="font-family:Arial; font-size:8pt">35</font><a name="EDGAR_HF_F_END_106"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_101"></a><a name="EDGAR_HF_H_END_102"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_PAGE_START39"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Property and Casualty Insurance</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">State insurance regulations restrict the amount of dividends that can be paid to stockholders of insurance companies. As a result, </font><font style="font-family:Arial; font-size:10pt">our </font><font style="font-family:Arial; font-size:10pt">Property and Casualty Insurance&#8217;s</font><font style="font-family:Arial; font-size:10pt"> operating segment</font><font style="font-family:Arial; font-size:10pt"> assets are generally not available to satisfy the claims of AMERCO or its legal subsidiaries. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The Company believes that stockholders equity at the Property and Casualty operating segment remains sufficient and we do not believe that its ability to pay ordinary dividends to AMERCO will be restricted per state regulations.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Stockholder&#8217;s equity was $</font><font style="font-family:Arial; font-size:10pt">136.9</font><font style="font-family:Arial; font-size:10pt"> million, $</font><font style="font-family:Arial; font-size:10pt">123.8</font><font style="font-family:Arial; font-size:10pt"> million, and $1</font><font style="font-family:Arial; font-size:10pt">54</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt">6</font><font style="font-family:Arial; font-size:10pt"> million at December 31, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, and 20</font><font style="font-family:Arial; font-size:10pt">10</font><font style="font-family:Arial; font-size:10pt">, respectively. The </font><font style="font-family:Arial; font-size:10pt">in</font><font style="font-family:Arial; font-size:10pt">crease</font><font style="font-family:Arial; font-size:10pt"> in 2012 compared with 2011</font><font style="font-family:Arial; font-size:10pt"> resulted from </font><font style="font-family:Arial; font-size:10pt">net earnings</font><font style="font-family:Arial; font-size:10pt"> of $</font><font style="font-family:Arial; font-size:10pt">9.3</font><font style="font-family:Arial; font-size:10pt"> million and a</font><font style="font-family:Arial; font-size:10pt">n</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">increase</font><font style="font-family:Arial; font-size:10pt"> in other comprehensive income of $</font><font style="font-family:Arial; font-size:10pt">2.3</font><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt">, along with a capital contribution to ARCOA of $1.5 million</font><font style="font-family:Arial; font-size:10pt">. </font><font style="font-family:Arial; font-size:10pt">Our </font><font style="font-family:Arial; font-size:10pt">Property and Casualty Insurance </font><font style="font-family:Arial; font-size:10pt">operating segment </font><font style="font-family:Arial; font-size:10pt">does not use debt or equity issues to increase capital and therefore has no direct exposure to capital market conditions other than through its investment portfolio. </font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Life Insurance</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The Life Insurance operating segment manages its financial assets to meet policyholder and other obligations including investment contract withdrawals. Life Insurance&#8217;s </font><font style="font-family:Arial; font-size:10pt">operating segment </font><font style="font-family:Arial; font-size:10pt">net </font><font style="font-family:Arial; font-size:10pt">deposits</font><font style="font-family:Arial; font-size:10pt"> for the year ended December 31, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> were $</font><font style="font-family:Arial; font-size:10pt">269.8</font><font style="font-family:Arial; font-size:10pt"> million. State insurance regulations restrict the amount of dividends that can be paid to stockholders of insurance companies. As a result, Life Insurance&#8217;s </font><font style="font-family:Arial; font-size:10pt">operating segment </font><font style="font-family:Arial; font-size:10pt">funds are generally not available to satisfy the claims of AMERCO or its legal subsidiaries. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Life Insurance&#8217;s stockholder&#8217;s equity was $</font><font style="font-family:Arial; font-size:10pt">242.7 </font><font style="font-family:Arial; font-size:10pt">million, $</font><font style="font-family:Arial; font-size:10pt">215.8</font><font style="font-family:Arial; font-size:10pt"> million, and $1</font><font style="font-family:Arial; font-size:10pt">88.7</font><font style="font-family:Arial; font-size:10pt"> million at December 31, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">10</font><font style="font-family:Arial; font-size:10pt">, respectively. The increase</font><font style="font-family:Arial; font-size:10pt"> in 2012 compared with 2011</font><font style="font-family:Arial; font-size:10pt"> resulted from earnings of $</font><font style="font-family:Arial; font-size:10pt">15.0</font><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> an increase in other comprehensive income of $</font><font style="font-family:Arial; font-size:10pt">13.6</font><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt"> and a </font><font style="font-family:Arial; font-size:10pt">decrease to beginning retained earnings of $1.7 million in relation to the adoption of ASU 2010-26</font><font style="font-family:Arial; font-size:10pt">. Life Insurance</font><font style="font-family:Arial; font-size:10pt"> operating segment</font><font style="font-family:Arial; font-size:10pt"> does not use debt or equity issues to increase capital and therefore has no direct exposure to capital market conditions other than through its investment portfolio.</font></p>
            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Cash Provided</font><font style="font-family:Arial; font-size:10pt; font-weight:bold"> (Used)</font><font style="font-family:Arial; font-size:10pt; font-weight:bold"> from Operating Activities by Operating Segments</font></p>
            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Moving</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic"> and Storage</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Net cash provided by operating activities was $</font><font style="font-family:Arial; font-size:10pt">665.6</font><font style="font-family:Arial; font-size:10pt"> million, $536.9 million and $471.0 million in fiscal 2013, 2012 and 2011, respectively. The increase was primarily due to repayments of $127.3 million of the notes and interest receivables in the first quarter with SAC Holdings and from increased revenues partially offset by a $</font><font style="font-family:Arial; font-size:10pt">132.5</font><font style="font-family:Arial; font-size:10pt"> million increase in </font><font style="font-family:Arial; font-size:10pt">net </font><font style="font-family:Arial; font-size:10pt">federal income tax </font><font style="font-family:Arial; font-size:10pt">payments</font><font style="font-family:Arial; font-size:10pt">.&#160; </font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Property and Casualty Insurance</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Net c</font><font style="font-family:Arial; font-size:10pt">ash provided by operating activities was $</font><font style="font-family:Arial; font-size:10pt">0.3</font><font style="font-family:Arial; font-size:10pt"> million, </font><font style="font-family:Arial; font-size:10pt">$4.7</font><font style="font-family:Arial; font-size:10pt"> million, and $</font><font style="font-family:Arial; font-size:10pt">4.3</font><font style="font-family:Arial; font-size:10pt"> million for the years ended December 31, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, and 20</font><font style="font-family:Arial; font-size:10pt">10</font><font style="font-family:Arial; font-size:10pt">, respectively. </font><font style="font-family:Arial; font-size:10pt">The decrease was due to a $4.9 million increase in benefit payments</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our </font><font style="font-family:Arial; font-size:10pt">Property and Casualty Insurance&#8217;s</font><font style="font-family:Arial; font-size:10pt"> operating segment</font><font style="font-family:Arial; font-size:10pt"> cash and cash equivalents and short-term investment portfolios amounted to $</font><font style="font-family:Arial; font-size:10pt">45.2</font><font style="font-family:Arial; font-size:10pt"> million, $</font><font style="font-family:Arial; font-size:10pt">44.1</font><font style="font-family:Arial; font-size:10pt"> million, and $</font><font style="font-family:Arial; font-size:10pt">76.2</font><font style="font-family:Arial; font-size:10pt"> million at December 31, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, and 20</font><font style="font-family:Arial; font-size:10pt">10</font><font style="font-family:Arial; font-size:10pt">, respectively. This balance reflects funds in transition from maturity proceeds to long term investments. Management believes this level of liquid assets, combined with budgeted cash flow, is adequate to meet </font><font style="font-family:Arial; font-size:10pt">foreseeable cash</font><font style="font-family:Arial; font-size:10pt"> needs. Capital and operating budgets allow </font><font style="font-family:Arial; font-size:10pt">our </font><font style="font-family:Arial; font-size:10pt">Property and Casualty Insurance </font><font style="font-family:Arial; font-size:10pt">operating segment </font><font style="font-family:Arial; font-size:10pt">to schedule cash needs in accordance with investment and underwriting proceeds.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Life Insurance</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Net c</font><font style="font-family:Arial; font-size:10pt">ash provided</font><font style="font-family:Arial; font-size:10pt"> (used)</font><font style="font-family:Arial; font-size:10pt"> by operating activities w</font><font style="font-family:Arial; font-size:10pt">as</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">(</font><font style="font-family:Arial; font-size:10pt">$</font><font style="font-family:Arial; font-size:10pt">4.4)</font><font style="font-family:Arial; font-size:10pt"> million, $</font><font style="font-family:Arial; font-size:10pt">128.6</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">98.1</font><font style="font-family:Arial; font-size:10pt"> million for the years ended December 31, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">10</font><font style="font-family:Arial; font-size:10pt">, respectively. </font><font style="font-family:Arial; font-size:10pt">The decrease in cash provided was attributable to a cash settlement on the assumption reinsurance transaction as of September 2011. Increased commissions on higher sales of new annuity products in 2012 caused an additional decrease in cash flow from operations.</font><a name="EDGAR_PAGE_END39"></a></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_105"></a><font style="font-family:Arial; font-size:8pt">36</font><a name="EDGAR_HF_F_END_106"></a></p>
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            <p style="margin:0pt"><a name="EDGAR_HF_H_START_101"></a><a name="EDGAR_HF_H_END_102"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><a name="EDGAR_PAGE_START40"></a><font style="font-family:Arial; font-size:10pt">In addition to cash flows from operating activities and financing activities, a substantial amount of liquid funds are available through</font><font style="font-family:Arial; font-size:10pt"> our </font><font style="font-family:Arial; font-size:10pt">Life Insurance&#8217;s </font><font style="font-family:Arial; font-size:10pt">operating segment </font><font style="font-family:Arial; font-size:10pt">short-term portfolio. At December 31, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">10</font><font style="font-family:Arial; font-size:10pt">, cash and cash equivalents and short-term investments amounted to $</font><font style="font-family:Arial; font-size:10pt">34.6</font><font style="font-family:Arial; font-size:10pt"> million, $</font><font style="font-family:Arial; font-size:10pt">54.1 </font><font style="font-family:Arial; font-size:10pt">million and $</font><font style="font-family:Arial; font-size:10pt">53.6</font><font style="font-family:Arial; font-size:10pt"> million, respectively. Management believes that the overall sources of liquidity </font><font style="font-family:Arial; font-size:10pt">are adequate</font><font style="font-family:Arial; font-size:10pt"> to meet foreseeable cash needs.</font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Liquidity and Capital Resources - Summary</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We believe we have the financial resources needed to meet our business plans including our working capital needs. The Company continues to hold significant cash and has access to existing credit facilities and additional liquidity to meet our anticipated capital expenditure requirements for investment in our rental fleet, rental equipment and storage acquisitions and build outs. </font><font style="font-family:Arial; font-size:10pt"> </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our borrowing strategy is primarily focused on asset-backed financing and rental </font><font style="font-family:Arial; font-size:10pt">equipment operating leases. As part of this strategy, we seek to ladder maturities and hedge floating rate loans through</font><font style="font-family:Arial; font-size:10pt"> the use of interest rate swaps. While each of these loans typically contains provisions governing the amount that can be borrowed in relation to specific assets, the overall structure is flexible with no limits on overall Company borrowings. Management feels it has adequate liquidity between cash and cash equivalents and unused borrowing capacity in existing </font><font style="font-family:Arial; font-size:10pt">credit </font><font style="font-family:Arial; font-size:10pt">facilities to meet the current and expected needs of the Company over the next several years. At March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, we had cash availability under existing credit facilities of </font><font style="font-family:Arial; font-size:10pt">$</font><font style="font-family:Arial; font-size:10pt">116.0</font><font style="font-family:Arial; font-size:10pt"> million. It is possible that circumstances beyond our control could alter the ability of the financial institutions to lend us the </font><font style="font-family:Arial; font-size:10pt">unused lines of credit. W</font><font style="font-family:Arial; font-size:10pt">e believe that there are additional opportunities for leverage in our existing capital structure. For a more detailed discussion of our long-term debt and borrowing capacity, please see Note </font><font style="font-family:Arial; font-size:10pt">9</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> Borrowings of the Notes to Consolidated Financial Statements. </font></p>
            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Fair Value of Financial Instruments</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">A</font><font style="font-family:Arial; font-size:10pt">ssets and liabilities </font><font style="font-family:Arial; font-size:10pt">are </font><font style="font-family:Arial; font-size:10pt">recorded at fair value on the consolidated balance sheets </font><font style="font-family:Arial; font-size:10pt">and are</font><font style="font-family:Arial; font-size:10pt"> measured and classified based upon a three tiered approach to valuation. ASC 820 requires that financial assets and liabilities recorded at fair value be classified and disclosed in a Level 1, Level 2 or Level 3 category. For more information, please see Note </font><font style="font-family:Arial; font-size:10pt">16</font><font style="font-family:Arial; font-size:10pt">, Fair Value Measurements of the Notes to Consolidated Financial Statements.&#160; </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The available-for-sale securities held by the Company are recorded at fair value. These values are determined primarily from actively traded markets where prices are based either on direct market quotes or observed transactions. Liquidity is a factor considered during the determination of the fair value of these securities. Market price quotes may not be readily available for certain securities or the market for them has slowed or ceased. In situations where the market is determined to be illiquid, fair value is determined based upon limited available information and other factors including expected cash flows. At March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, we had $</font><font style="font-family:Arial; font-size:10pt">1.2</font><font style="font-family:Arial; font-size:10pt"> million of available-for-sale assets classified in Level 3.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">The interest rate swaps held by the Company as hedges against interest rate risk for our variable rate debt are recorded at fair value. These values are determined using pricing valuation models which include broker quotes for which significant inputs are observable. They include adjustments for counterparty credit quality and other deal-specific factors, where appropriate and are classified as Level 2.</font><a name="EDGAR_PAGE_END40"></a></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_105"></a><font style="font-family:Arial; font-size:8pt">37</font><a name="EDGAR_HF_F_END_106"></a></p>
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            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_PAGE_START41"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Disclosures about Contractual Obligations and Commercial Commitments</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">The following table provides contractual commitments and contingencies as of March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">:</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payment due by Period (as of March 31, 2013)</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Total</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt; font-weight:bold">04/01/13 - 03/31/14</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt; font-weight:bold">04/01/14 - 03/31/16</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt; font-weight:bold">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt; font-weight:bold">04/01/16 - 03/31/18</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt; font-weight:bold">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Thereafter</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td colspan="9" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">(In thousands)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:172.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">Notes, loans and leases payable - Principal</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">1,661,845</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">226,944</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">633,114</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">455,470</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">346,317</font></p>
                    </td>
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                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:172.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">Notes, loans and leases payable - Interest</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">315,023</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">79,607</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">115,518</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">50,815</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">69,083</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:172.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">Revolving credit agreements - Principal</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:172.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">Revolving credit agreements - Interest</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
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                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:172.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">Operating leases</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">354,499</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">120,260</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">169,429</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">33,698</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">31,112</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:172.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">Property and casualty obligations (a)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">153,654</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">15,871</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">24,170</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">19,801</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">93,812</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:172.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">Life, health and annuity obligations (b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">2,715,218</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">194,365</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">338,292</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">329,585</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">1,852,976</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:172.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">Self insurance accruals (c) </font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">380,824</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">101,180</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">161,886</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">68,256</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">49,502</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:172.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Post retirement benefit liability</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">10,476</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">493</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,262</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,747</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">6,974</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:172.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#160;&#160;&#160;&#160;&#160;&#160; Total contractual obligations</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">5,591,539</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">738,720</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,443,671</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">959,372</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">2,449,776</font></p>
                    </td>
                </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                    <td style="width:172.5pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:48.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:42.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:47.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:47.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:63pt; border:none">
                    </td>
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            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:8pt"> (a) These estimated obligations for unpaid losses and loss adjustment expenses include case reserves for reported claims and IBNR claims estimates and are net of expected reinsurance recoveries. The ultimate amount to settle both the case reserves and IBNR is an estimate based upon historical experience and current trends and such estimates could materially differ from actual results. The assumptions do not include future premiums. Due to the significant assumptions employed in this model, the amounts shown could materially differ from actual results.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:8pt">(b) These estimated obligations are based on mortality, morbidity, withdrawal and lapse assumptions drawn from our historical experience and adjusted for any known trends. These obligations include expected interest crediting but no amounts for future annuity deposits or premiums for life and Medicare supplement policies.&#160; The cash flows shown are undiscounted for interest and as a result total outflows for all years shown significantly exceed the corresponding liabilities of $</font><font style="font-family:Arial; font-size:8pt">914.8</font><font style="font-family:Arial; font-size:8pt"> million included in our consolidated balance sheet as of March 31, 2013. Life Insurance expects to fully fund these obligations from their invested asset portfolio. Due to the significant assumptions employed in this model, the amounts shown could materially differ from actual results.&#160; </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:8pt">(c) These estimated obligations are primarily the Company&#8217;s self insurance accruals for portions of the liability coverage for our rental equipment. The estimates for future settlement are based upon historical experience and current trends. Due to the significant assumptions employed in this model, the amounts shown could materially differ from actual results.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As presented above, contractual obligations on debt and guarantees represent principal payments while contractual obligations for operating leases represent the notional payments under the lease arrangements. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">ASC 740 - </font><font style="font-family:Arial; font-size:10pt; font-style:italic">Income Taxes</font><font style="font-family:Arial; font-size:10pt"> liabilities and interest of $</font><font style="font-family:Arial; font-size:10pt">18.2</font><font style="font-family:Arial; font-size:10pt"> million is not included above due to uncertainty surrounding ultimate settlements, if any. </font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Off Balance Sheet Arrangements</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The Company uses off-balance sheet arrangements in situations where management believes that the economics and sound business principles warrant their use.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO utilizes operating leases for certain rental equipment and facilities with terms expiring</font><font style="font-family:Arial; font-size:10pt"> substantially</font><font style="font-family:Arial; font-size:10pt"> through 201</font><font style="font-family:Arial; font-size:10pt">9</font><font style="font-family:Arial; font-size:10pt">. In the event of a shortfall in proceeds from the sales of the underlying rental equipment assets, AMERCO has guaranteed $</font><font style="font-family:Arial; font-size:10pt">117.9</font><font style="font-family:Arial; font-size:10pt"> million of residual values at March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> for these assets at the end of their respective lease terms. AMERCO has been leasing rental equipment since 1987. To date, we have not experienced residual value shortfalls related to these leasing arrangements. Using the average cost of fleet related debt as the discount rate, the present value of AMERCO&#8217;s minimum lease payments and residual value guarantees were $</font><font style="font-family:Arial; font-size:10pt">330.2</font><font style="font-family:Arial; font-size:10pt"> million at March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">.</font><a name="EDGAR_PAGE_END41"></a></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_105"></a><font style="font-family:Arial; font-size:8pt">38</font><a name="EDGAR_HF_F_END_106"></a></p>
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            <p style="margin:0pt"><a name="EDGAR_HF_H_START_101"></a><a name="EDGAR_HF_H_END_102"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_PAGE_START42"></a><font style="font-family:Arial; font-size:10pt">Historically, AMERCO has used off-balance sheet arrangements in connection with the expansion of our self-storage business. For more information please see Note </font><font style="font-family:Arial; font-size:10pt">20</font><font style="font-family:Arial; font-size:10pt">, Related Party Transactions of the Notes to Consolidated Financial Statements. These arrangements were primarily used when the Company&#8217;s overall borrowing structure was more limited. The Company does not face similar limitations currently and off-balance sheet arrangements have not been utilized in our self-storage expansion in recent years. In the future, </font><font style="font-family:Arial; font-size:10pt">we</font><font style="font-family:Arial; font-size:10pt"> will continue to identify and consider off-balance sheet opportunities to the extent such arrangements would be economically advantageous to </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt"> and </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> stockholders.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> currently manage the self-storage properties owned or leased by SAC Holdings, Mercury Partners, L.P. (&#8220;Mercury&#8221;), Four SAC Self-Storage Corporation (&#8220;4 SAC&#8221;), Five SAC Self-Storage Corporation (&#8220;5 SAC&#8221;), Galaxy Investments, L.P. (&#8220;Galaxy&#8221;) and Private Mini Storage Realty, L.P. (&#8220;Private Mini&#8221;) pursuant to a standard form of management agreement, under which </font><font style="font-family:Arial; font-size:10pt">we</font><font style="font-family:Arial; font-size:10pt"> receive a management fee of between 4% and 10% of the gross receipts plus reimbursement for certain expenses. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> received management fees, exclusive of reimbursed expenses, of $</font><font style="font-family:Arial; font-size:10pt">23.7</font><font style="font-family:Arial; font-size:10pt"> million, $2</font><font style="font-family:Arial; font-size:10pt">2.5</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">22.0</font><font style="font-family:Arial; font-size:10pt"> million from the above mentioned entities during fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, respectively. This management fee is consistent with the fee received for other properties </font><font style="font-family:Arial; font-size:10pt">we</font><font style="font-family:Arial; font-size:10pt"> previously managed for third parties. SAC Holdings, 4 SAC, 5 SAC, Galaxy and Private Mini are substantially controlled by Blackwater Investments, Inc. (&#8220;Blackwater&#8221;).</font><font style="font-family:Arial; font-size:10pt"> Blackwater is wholly-owned by Mark V. Shoen, a significant shareholder of AMERCO.</font><font style="font-family:Arial; font-size:10pt"> Mercury is substantially controlled by Mark V. Shoen. James P. Shoen, a significant </font><font style="font-family:Arial; font-size:10pt">stock</font><font style="font-family:Arial; font-size:10pt">holder and director of AMERCO</font><font style="font-family:Arial; font-size:10pt"> and an estate planning trust benefitting the Shoen children</font><font style="font-family:Arial; font-size:10pt"> ha</font><font style="font-family:Arial; font-size:10pt">ve</font><font style="font-family:Arial; font-size:10pt"> an interest in Mercury.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> lease space for marketing company offices, vehicle repair shops and hitch installation centers from subsidiaries of SAC Holdings, 5 SAC and Galaxy. Total lease payments pursuant to such leases </font><font style="font-family:Arial; font-size:10pt">were $</font><font style="font-family:Arial; font-size:10pt">2.6</font><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt">, $2.</font><font style="font-family:Arial; font-size:10pt">4</font><font style="font-family:Arial; font-size:10pt"> million and $2.</font><font style="font-family:Arial; font-size:10pt">5</font><font style="font-family:Arial; font-size:10pt"> million in fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, respectively. The terms of the leases are similar to the terms of leases for other properties owned by unrelated parties that are leased by </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">At March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, subsidiaries of SAC Holdings, 4 SAC, 5 SAC, Galaxy and Private Mini acted as</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">U-Haul independent dealers. The financial and other terms of the dealership contracts with the aforementioned companies and their subsidiaries are substantially identical to the terms of those with the Company&#8217;s other independent dealers whereby commissions are paid by </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt"> based on equipment rental revenues. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> paid the above mentioned entities $</font><font style="font-family:Arial; font-size:10pt">43.8</font><font style="font-family:Arial; font-size:10pt"> million, $</font><font style="font-family:Arial; font-size:10pt">41.7</font><font style="font-family:Arial; font-size:10pt"> million and $3</font><font style="font-family:Arial; font-size:10pt">7.3</font><font style="font-family:Arial; font-size:10pt"> million in commissions pursuant to such dealership contracts during fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, respectively.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">During fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, subsidiaries of the Company held various junior unsecured notes of SAC Holdings. Substantially all of the equity interest of SAC Holdings is controlled by Blackwater. The Company does not have an equity ownership interest in SAC Holdings. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> recorded interest income of $</font><font style="font-family:Arial; font-size:10pt">8.4</font><font style="font-family:Arial; font-size:10pt"> million, $1</font><font style="font-family:Arial; font-size:10pt">9.4</font><font style="font-family:Arial; font-size:10pt"> million and $1</font><font style="font-family:Arial; font-size:10pt">9</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt"> million and received cash interest payments of $</font><font style="font-family:Arial; font-size:10pt">12.6</font><font style="font-family:Arial; font-size:10pt"> million, $1</font><font style="font-family:Arial; font-size:10pt">7.8</font><font style="font-family:Arial; font-size:10pt"> million and $1</font><font style="font-family:Arial; font-size:10pt">5.8</font><font style="font-family:Arial; font-size:10pt"> million from SAC Holdings during fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, respectively. The largest aggregate amount of notes receivable outstanding during fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> was $19</font><font style="font-family:Arial; font-size:10pt">5.4</font><font style="font-family:Arial; font-size:10pt"> million and the aggregate notes receivable balance at March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> was $</font><font style="font-family:Arial; font-size:10pt">72.4</font><font style="font-family:Arial; font-size:10pt"> million. In accordance with the terms of these notes, SAC Holdings may prepay the notes without penalty or premium at any time. The scheduled maturities of these notes are between 201</font><font style="font-family:Arial; font-size:10pt">7</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">19</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">During the first quarter of fiscal 2013, we received $127.3 million in repayments on the notes and interest receivables.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">These agreements along with notes with subsidiaries of SAC Holdings, 4 SAC, 5 SAC, Galaxy and Private Mini, excluding Dealer Agreements, provided revenues of $</font><font style="font-family:Arial; font-size:10pt">34.8</font><font style="font-family:Arial; font-size:10pt"> million, expenses of </font><font style="font-family:Arial; font-size:10pt">$</font><font style="font-family:Arial; font-size:10pt">2.6</font><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt"> and cash flows of $</font><font style="font-family:Arial; font-size:10pt">159.6</font><font style="font-family:Arial; font-size:10pt"> million during fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">. Revenues and commission expenses related to the </font><font style="font-family:Arial; font-size:10pt">D</font><font style="font-family:Arial; font-size:10pt">ealer </font><font style="font-family:Arial; font-size:10pt">A</font><font style="font-family:Arial; font-size:10pt">greements were $</font><font style="font-family:Arial; font-size:10pt">200.3</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">43.8</font><font style="font-family:Arial; font-size:10pt"> million, respectively during fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Fiscal 201</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">4</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic"> Outlook</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We will continue to focus our attention on increasing transaction volume and improving pricing, product and utilization for self-moving equipment rentals.&#160; Maintaining an adequate level of new investment in our truck fleet is an important component of our plan to meet </font><font style="font-family:Arial; font-size:10pt">our operational</font><font style="font-family:Arial; font-size:10pt"> goals. Revenue in the U-Move program could be adversely impacted should we fail to execute in any of these areas. Even if we execute our plans</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> we could see declines in revenues primarily due to the economic conditions</font><font style="font-family:Arial; font-size:10pt"> or competitive pressures</font><font style="font-family:Arial; font-size:10pt"> that are beyond our control.</font><a name="EDGAR_PAGE_END42"></a></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_105"></a><font style="font-family:Arial; font-size:8pt">39</font><a name="EDGAR_HF_F_END_106"></a></p>
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            <p style="margin:0pt"><a name="EDGAR_HF_H_START_101"></a><a name="EDGAR_HF_H_END_102"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><a name="EDGAR_PAGE_START43"></a><font style="font-family:Arial; font-size:10pt">We have added new storage locations and expanded at existing locations. In fiscal 201</font><font style="font-family:Arial; font-size:10pt">4,</font><font style="font-family:Arial; font-size:10pt"> we are looking to </font><font style="font-family:Arial; font-size:10pt">continue to acquire new locations, </font><font style="font-family:Arial; font-size:10pt">complete current projects and increase occupancy in our existing portfolio of locations. New projects and acquisitions will be considered and pursued if they fit our long-term plans and meet our financial objectives. </font><font style="font-family:Arial; font-size:10pt">In the current environment we have focused fewer resources on new construction than in recent history. We </font><font style="font-family:Arial; font-size:10pt">will continue to invest capital and resources in the U-Box storage container program throughout fiscal 201</font><font style="font-family:Arial; font-size:10pt">4</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The Property and Casualty Insurance operating segment will continue to provide loss adjusting and claims handling for U-Haul and underwrite components of the Safemove, Safetow, Super Safemove and Safestor protection packages to U-Haul customers.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The </font><font style="font-family:Arial; font-size:10pt">Life Insurance </font><font style="font-family:Arial; font-size:10pt">operating segment </font><font style="font-family:Arial; font-size:10pt">is pursuing its goal of expanding its presence in the senior market through the sales of its Medicare supplement, life and annuity policies. This strategy includes growing its agency force, expanding its new product offerings, and pursuing business acquisition opportunities.</font></p>
            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Quarterly Results (unaudited)</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">The quarterly results shown below are derived from unaudited financial statements for the eight quarters beginning April 1, 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt"> and ending March 31, 20</font><font style="font-family:Arial; font-size:10pt">13</font><font style="font-family:Arial; font-size:10pt">. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> believe that all necessary adjustments have been included in the amounts stated below to present fairly, and in accordance with GAAP, such results. Moving and Storage operations are seasonal and proportionally more of the Company&#8217;s revenues and net earnings from its Moving and Storage operations are generated in the first and second quarters of each fiscal year (April through September). The operating results for the periods presented are not necessarily indicative of results for any future period.</font></p>
            <div style="text-align:center">
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin:0 auto">
                <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:159.75pt">
                            <p style="margin:0pt"><a name="DOC_TBL00016_1_1"></a><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                        </td>
                        <td colspan="10" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Quarter Ended</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:159.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">March 31, 2013</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">December 31, 2012</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:92.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">September 30, 2012</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">June 30, 2012</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:159.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td colspan="10" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">(In thousands, except for share and per share data)</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:159.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Total revenues</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">564,307</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">582,487</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:92.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">744,117</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">667,676</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:159.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Earnings from operations</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">72,036</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">81,946</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:92.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">194,322</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">150,879</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:159.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Net earnings</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">37,873</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">36,846</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:92.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">109,420</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">80,569</font></p>
                        </td>
                    </tr>
                    <tr style="height:26.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:159.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Earnings available to common</font></p>
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#160;&#160;&#160;&#160;&#160; shareholders</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">37,873</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">36,846</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:92.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">109,420</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">80,569</font></p>
                        </td>
                    </tr>
                    <tr style="height:24pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:159.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Basic and diluted earnings</font></p>
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#160;&#160;&#160;&#160;&#160; per common share</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">1.93</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">1.89</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:92.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">5.61</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">4.13</font></p>
                        </td>
                    </tr>
                    <tr style="height:24pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:159.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Weighted average common shares</font></p>
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#160;&#160;&#160;&#160;&#160; outstanding: basic and diluted</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">19,536,630</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">19,523,794</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:92.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">19,512,550</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">19,502,369</font></p>
                        </td>
                    </tr>
                    <tr style="height:12.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:159.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:92.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:159.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td colspan="10" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Quarter Ended</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:159.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">March 31, 2012</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">December 31, 2011</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:92.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">September 30, 2011</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">June 30, 2011</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:159.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td colspan="10" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">(In thousands, except for share and per share data)</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:159.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Total revenues </font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">525,657</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">635,429</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:92.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">705,508</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">645,433</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:159.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Earnings from operations</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">58,338</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">24,873</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:92.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">184,433</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">148,363</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:159.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Net earnings</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">25,405</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">728</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:92.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">101,011</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">78,223</font></p>
                        </td>
                    </tr>
                    <tr style="height:26.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:159.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Earnings available to common</font></p>
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#160;&#160;&#160;&#160;&#160; shareholders</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">25,405</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">728</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:92.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">101,175</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">69,238</font></p>
                        </td>
                    </tr>
                    <tr style="height:24pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:159.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Basic and diluted earnings</font></p>
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#160;&#160;&#160;&#160;&#160; per common share</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">1.29</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">0.04</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:92.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">5.20</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">3.56</font></p>
                        </td>
                    </tr>
                    <tr style="height:24pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:159.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Weighted average common shares</font></p>
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#160;&#160;&#160;&#160;&#160; outstanding: basic and diluted</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">19,492,159</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">19,481,614</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:92.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">19,470,948</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">19,460,126</font></p>
                        </td>
                    </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                        <td style="width:159.75pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:71.25pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:89.25pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:92.25pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:65.25pt; border:none">
                        </td>
                    </tr><![endif]--></table>
            </div>
            <p style="margin:0pt"><a name="EDGAR_PAGE_END43"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_105"></a><font style="font-family:Arial; font-size:8pt">40</font><a name="EDGAR_HF_F_END_106"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_113"></a><a name="EDGAR_HF_H_END_114"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <p style="margin:12pt 0pt 6pt 7.2pt; text-indent:-7.2pt; page-break-inside:avoid; page-break-after:avoid"><a name="_DMBM_314"></a><a name="EDGAR_PAGE_START44"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Item 7A. </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Quantitative and Qualitative Disclosures about Market Risk</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">We are exposed to financial market risks, including changes in interest rates and currency exchange rates. To mitigate these risks, we may utilize derivative financial instruments, among other strategies. We do not use derivative financial instruments for speculative purposes.&#160; </font></p>
            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Interest Rate Risk</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">The exposure to market risk for changes in interest rates relates primarily to our variable rate debt obligations</font><font style="font-family:Arial; font-size:10pt"> and one variable rate operating lease</font><font style="font-family:Arial; font-size:10pt">.&#160; We have used interest rate swap agreements and forward swaps to reduce our exposure to changes in interest rates. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> enter into these arrangements with counterparties that are significant financial institutions with whom we generally have other financial arrangements. We are exposed to credit risk should these counterparties not be able to perform on their obligations.</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:25.5pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><a name="DOC_TBL00017_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:85.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">Notional Amount</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">Fair Value</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">Effective Date</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">Expiration Date</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:3.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">Fixed Rate</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">Floating Rate</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="4" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:3.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:85.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">15,657</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(234)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">7/10/2006</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">7/10/2013</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:3.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">5.67%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">1 Month LIBOR</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:85.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">234,166</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(44,122)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">8/18/2006</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">8/10/2018</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:3.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">5.43%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">1 Month LIBOR</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:85.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">10,375</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(424)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">2/12/2007</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">2/10/2014</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:3.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">5.24%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">1 Month LIBOR</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:85.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">6,795</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(292)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">3/12/2007</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">3/10/2014</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:3.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">4.99%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">1 Month LIBOR</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:85.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">6,800</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(281)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">3/12/2007</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">3/10/2014</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:3.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">4.99%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">1 Month LIBOR</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:85.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">8,050</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">(a)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(523)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">8/15/2008</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">6/15/2015</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:3.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">3.62%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">1 Month LIBOR</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:85.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">7,997</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(564)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">8/29/2008</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">7/10/2015</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:3.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">4.04%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">1 Month LIBOR</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:85.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">12,442</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(1,004)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">9/30/2008</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">9/10/2015</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:3.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">4.16%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">1 Month LIBOR</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:85.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">6,675</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">(a)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(310)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">3/30/2009</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">3/30/2016</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:3.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">2.24%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">1 Month LIBOR</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:85.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">8,250</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">(a)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(401)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">8/15/2010</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">7/15/2017</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:3.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">2.15%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">1 Month LIBOR</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:85.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">18,438</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">(a)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(966)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">6/1/2011</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">6/1/2018</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:3.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">2.38%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">1 Month LIBOR</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:85.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">35,625</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">(a)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(1,273)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">8/15/2011</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">8/15/2018</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:3.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">1.86%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">1 Month LIBOR</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:85.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">14,500</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">(a)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(455)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">9/12/2011</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">9/10/2018</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:3.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">1.75%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">1 Month LIBOR</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:85.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">13,724</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(294)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">3/28/2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">3/28/2019</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:3.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">1.42%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">1 Month LIBOR</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:85.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">21,563</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(292)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">4/16/2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">4/1/2019</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:3.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">1.28%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">1 Month LIBOR</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:85.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">42,750</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(115)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">1/15/2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">12/15/2019</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:3.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">1.07%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">1 Month LIBOR</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:85.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:3.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="6" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">(a) forward swap</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:3.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td colspan="6" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">(b) operating lease</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:3.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    </td>
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                    </td>
                    <td style="width:33.75pt; border:none">
                    </td>
                    <td style="width:9pt; border:none">
                    </td>
                    <td style="width:63pt; border:none">
                    </td>
                    <td style="width:7pt; border:none">
                    </td>
                    <td style="width:63pt; border:none">
                    </td>
                    <td style="width:7pt; border:none">
                    </td>
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                    </td>
                    <td style="width:7pt; border:none">
                    </td>
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            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As of March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">we</font><font style="font-family:Arial; font-size:10pt"> had $</font><font style="font-family:Arial; font-size:10pt">464.3</font><font style="font-family:Arial; font-size:10pt"> million of variable rate debt obligations</font><font style="font-family:Arial; font-size:10pt"> and $13.7 million of a variable rate operating lease</font><font style="font-family:Arial; font-size:10pt">. If the London Inter-Bank Offer Rate were to increase 100 basis points, the increase in interest expense on the variable rate debt</font><font style="font-family:Arial; font-size:10pt"> and a variable rate operating lease</font><font style="font-family:Arial; font-size:10pt"> would decrease future earnings and cash flows by $</font><font style="font-family:Arial; font-size:10pt">0.1</font><font style="font-family:Arial; font-size:10pt"> million annually (after consideration of the effect of the above derivative contracts).</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Additionally, our insurance subsidiaries&#8217; fixed income investment portfolios expose </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt"> to interest rate risk. This interest rate risk is the price sensitivity of a fixed income security to changes in interest rates. As part of our insurance companies&#8217; asset and liability management, actuaries estimate the cash flow patterns of our existing liabilities to determine their duration. These outcomes are compared to the characteristics of the assets that are currently supporting these liabilities assisting management in determining an asset allocation strategy for future investments that management believes will mitigate the overall effect of interest rates.</font><a name="EDGAR_PAGE_END44"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_117"></a><font style="font-family:Arial; font-size:8pt">41</font><a name="EDGAR_HF_F_END_118"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_113"></a><a name="EDGAR_HF_H_END_114"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
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            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_PAGE_START45"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Foreign Currency Exchange Rate Risk</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">The exposure to market risk for changes in foreign currency exchange rates relates primarily to our Canadian business. Approximately </font><font style="font-family:Arial; font-size:10pt">5.</font><font style="font-family:Arial; font-size:10pt">8</font><font style="font-family:Arial; font-size:10pt">%, 5.</font><font style="font-family:Arial; font-size:10pt">9</font><font style="font-family:Arial; font-size:10pt">% and 5.</font><font style="font-family:Arial; font-size:10pt">8</font><font style="font-family:Arial; font-size:10pt">% of our revenue was generated in Canada in fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, respectively. The result of a 10.0% change in the value of the U.S. dollar relative to the Canadian dollar would not be material to net income. We typically do not hedge any foreign currency risk since the exposure is not considered material.</font></p>
            <p style="margin:6pt 0pt 6pt 7.2pt; text-indent:-7.2pt"><a name="_Item_8._Financial_Statements_and_Su"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Item 8.&#160;&#160; Financial Statements and Supplementary Data</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The Report of Independent Registered Public Accounting Firm and Consolidated Financial Statements of AMERCO and its consolidated subsidiaries including the notes to such statements and the related schedules are set forth on the &#8220;F&#8221; pages hereto and are incorporated herein.</font></p>
            <p style="margin:6pt 0pt 6pt 40.5pt; text-indent:-40.5pt"><a name="_Item_9._Changes_in_and_Disagreement"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Item 9.&#160;&#160; Changes in and Disagreements with Accountants on Accounting and Financial </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">&#160;&#160; </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Disclosure</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Not applicable.</font></p>
            <p style="margin:6pt 0pt 6pt 7.2pt; text-indent:-7.2pt"><a name="_Item_9A._Controls_and_Procedures"></a><a name="Controls_and_Proceedures"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Item 9A.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">&#160;&#160; </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Controls and Procedures</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Attached as exhibits to this</font><font style="font-family:Arial; font-size:10pt"> Annual Report </font><font style="font-family:Arial; font-size:10pt">are certifications of </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> Chief Executive Officer (&#8220;CEO&#8221;) and Chief Accounting Officer (&#8220;CAO&#8221;), which are required in accordance with Rule 13a-14 of the Exchange Act. This &quot;Controls and Procedures&quot; section includes information concerning the controls and procedures evaluation referred to in the certifications and it should be read in conjunction with the certifications for a more complete understanding of the topics presented in </font><font style="font-family:Arial; font-size:10pt">the section </font><font style="font-family:Arial; font-size:10pt">Evaluation of Disclosure Controls and Procedures. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Following this discussion is the report of BDO </font><font style="font-family:Arial; font-size:10pt">USA</font><font style="font-family:Arial; font-size:10pt">, LLP, our independent registered public accounting firm, regarding its audit of AMERCO&#8217;s internal control over financial reporting as set forth below in this section. This section should be read in conjunction with the certifications</font><font style="font-family:Arial; font-size:10pt"> of our CEO and CAO</font><font style="font-family:Arial; font-size:10pt"> and the BDO </font><font style="font-family:Arial; font-size:10pt">USA</font><font style="font-family:Arial; font-size:10pt">, LLP report for a more complete understanding of the topics presented.</font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Evaluation of Disclosure Controls and Procedures</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The Company&#8217;s management, with the participation of the CEO and CAO, conducted an evaluation of the effectiveness of the design and operation of the Company&#8217;s &quot;disclosure controls and procedures&quot; (as such term is defined in the Exchange Act Rules 13a-15(e) and 15d-15(e)) (&#8220;Disclosure Controls&#8221;) as of the end of the period covered by this </font><font style="font-family:Arial; font-size:10pt">Annual Report</font><font style="font-family:Arial; font-size:10pt">. Our Disclosure Controls are designed to reasonably assure that information required to be disclosed in our reports filed under the Exchange Act, such as this </font><font style="font-family:Arial; font-size:10pt">Annual Report</font><font style="font-family:Arial; font-size:10pt">, is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms. Our Disclosure Controls are also designed to reasonably assure that such information is accumulated and communicated to our management, including the CEO and CAO, as appropriate to allow timely decisions regarding required disclosure. Based upon the controls evaluation, our CEO and CAO have concluded that as of the end of the period covered by this </font><font style="font-family:Arial; font-size:10pt">Annual Report</font><font style="font-family:Arial; font-size:10pt">, our Disclosure Controls were effective related to the above stated design purposes.</font><a name="EDGAR_PAGE_END45"></a></p>
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            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_PAGE_START46"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Inherent Limitations on Effectiveness of Controls </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">The Company's management, including the CEO and CAO, does not expect that our Disclosure Controls or our internal control over financial reporting will prevent or detect all error </font><font style="font-family:Arial; font-size:10pt">and all</font><font style="font-family:Arial; font-size:10pt"> fraud. A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control system's objectives will be met. The design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Further, because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that misstatements due to error or fraud will not occur or that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake. Controls can also be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the controls. The design of any system of controls is based in part on certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Projections of any evaluation of controls effectiveness to future periods are subject to risks. Over time, controls may become inadequate because of changes in conditions or deterioration in the degree of compliance with policies or procedures.</font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Changes in Internal Control over Financial Reporting</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">There have not been any changes in the Company&#8217;s internal control over financial reporting as such term is defined in Exchange Act Rules 13a-15(f) and 15d-15(f) during the most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Company&#8217;s internal control over financial reporting.</font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Management&#8217;s Report on Internal Control Over Financial Reporting </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) to provide reasonable assurance regarding the reliability of our financial reporting and the preparation of financial statements for external purposes in accordance with GAAP. Internal control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the Company; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company's assets that could have a material effect on the financial statements. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Management assessed our internal control over financial reporting as of March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, the end of our fiscal year. Management based its assessment on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. Management's assessment included evaluation of such elements as the design and operating effectiveness of key financial reporting controls, process documentation, accounting policies, and our overall control environment. This assessment is supported by testing and monitoring performed both by our Internal Audit organization and our Finance organization. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Based on our assessment, management has concluded that our internal control over financial reporting was effective as of the end of the fiscal year 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">. We reviewed the results of management's assessment with the Audit Committee of our Board. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our independent registered public accounting firm, BDO </font><font style="font-family:Arial; font-size:10pt">USA</font><font style="font-family:Arial; font-size:10pt">, LLP, has audited the Company's internal control over financial reporting and has issued their report, which is included </font><font style="font-family:Arial; font-size:10pt">on the following page</font><font style="font-family:Arial; font-size:10pt">.</font><a name="EDGAR_PAGE_END46"></a></p>
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            <p style="margin:6pt 0pt"><a name="_DMBM_315"></a><a name="EDGAR_PAGE_START47"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Report of Independent Registered Public Accounting Firm </font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Board of Directors and Stockholders</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">AMERCO</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Reno, Nevada</font></p>
            <p style="margin:6pt 0pt 0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We have audited AMERCO and consolidated subsidiaries&#8217; (the &#8220;Company&#8221;) internal control over financial reporting as of March 31, 2013, based on criteria established in Internal Control &#8211; Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (the COSO criteria).&#160; The Company&#8217;s management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Item 9A, Management&#8217;s Report on Internal Control Over Financial Reporting. Our responsibility is to express an opinion on the Company&#8217;s internal control over financial reporting based on our audit. </font></p>
            <p style="margin:6pt 0pt 0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects. Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. Our audit also included performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion. </font></p>
            <p style="margin:6pt 0pt 0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">A company&#8217;s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company&#8217;s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company&#8217;s assets that could have a material effect on the financial statements. </font></p>
            <p style="margin:6pt 0pt 0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. </font></p>
            <p style="margin:6pt 0pt 0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">In our opinion, AMERCO maintained, in all material respects, effective internal control over financial reporting as of March 31, 2013, based on the COSO criteria. </font></p>
            <p style="margin:6pt 0pt 0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated balance sheets of the Company as of March 31, 2013 and 2012, and the related consolidated statements of operations, changes in stockholders&#8217; equity, comprehensive income, and cash flows for each of the three years in the period ended March 31, 2013 and our report dated June 5, 2013 expressed an unqualified opinion thereon.</font></p>
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            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">/s/ BDO USA, LLP</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Phoenix, Arizona</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">June 5, 2013</font><a name="EDGAR_PAGE_END47"></a></p>
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            <p style="margin:6pt 0pt 6pt 7.2pt; text-indent:-7.2pt"><a name="_DMBM_316"></a><a name="Item_9B_Other_Information"></a><a name="EDGAR_PAGE_START48"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Item 9B.&#160;&#160; Other Information</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Not applicable.</font></p>
            <p style="margin:0pt 0pt 6pt; text-align:center"><a name="P67969E10VK_HTM_013"></a><a name="FIS_PART_III"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">PART III </font></p>
            <p style="margin:6pt 0pt 6pt 7.2pt; text-indent:-7.2pt"><a name="P67969E10VK_HTM_014"></a><a name="_Item_10._Directors_and_Executive_Of"></a><a name="FIS_NAME_AND_TITLE"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Item</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">&#xa0;</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">10.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">&#160;&#160; </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Directors, Executive Officers and Corporate Governance</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic"> </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">&#xa0;</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic"> </font></a></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The information required to be disclosed under this Item 10 is incorporated herein by reference to AMERCO&#8217;s definitive proxy statement</font><font style="font-family:Arial; font-size:10pt">, in connection with its annual meeting of stockholders (the &#8220;Proxy Statement&#8221;)</font><font style="font-family:Arial; font-size:10pt">, which will be filed with the SEC within 120 days after the close of the 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> fiscal year.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The Company has adopted a </font><font style="font-family:Arial; font-size:10pt">C</font><font style="font-family:Arial; font-size:10pt">ode of </font><font style="font-family:Arial; font-size:10pt">E</font><font style="font-family:Arial; font-size:10pt">thics that applies to all directors, officers and employees of the Company, including the Company&#8217;s principal executive officer and principal accounting officer. A copy of our Code of Ethics is posted on AMERCO&#8217;s web site at amerco.com/governance.aspx.&#160; We intend to satisfy the disclosure requirements of </font><font style="font-family:Arial; font-size:10pt">Current Report on </font><font style="font-family:Arial; font-size:10pt">Form 8-K regarding any amendment to, or waiver from, a provision of our Code of Ethics by posting such information on the Company&#8217;s website, at the web address and location specified above, unless otherwise required to file a </font><font style="font-family:Arial; font-size:10pt">Current Report on </font><font style="font-family:Arial; font-size:10pt">Form 8-K by NASDAQ rules and regulations.</font></p>
            <p style="margin:6pt 0pt 6pt 7.2pt; text-indent:-7.2pt"><a name="_Item_11._Executive_Compensation"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Item</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">&#xa0;</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">11.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">&#160;&#160; </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Executive Compensation</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic"> </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The information required to be disclosed under this Item 11 is incorporated herein by reference to </font><font style="font-family:Arial; font-size:10pt">the P</font><font style="font-family:Arial; font-size:10pt">roxy </font><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">tatement, which will be filed with the SEC within 120 days after the close of the 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> fiscal year.</font></p>
            <p style="margin:6pt 0pt 6pt 45pt; text-indent:-45pt"><a name="_Item_12._Security_Ownership_of_Cert"></a><a name="FIS_BENEFICIAL_OWNERS"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Item</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">&#xa0;</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">12.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">&#160;&#160; </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Security Ownership of Certain Beneficial Owners and Management</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic"> and Related Stockholder Matters</font></a></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The information required to be disclosed under this Item 12 is incorporated herein by reference to </font><font style="font-family:Arial; font-size:10pt">the P</font><font style="font-family:Arial; font-size:10pt">roxy </font><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">tatement, which will be filed with the SEC within 120 days after the close of the 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> fiscal year.</font></p>
            <p style="margin:6pt 0pt 6pt 7.2pt; text-indent:-7.2pt"><a name="_Item_13._Certain_Relationships_and_"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Item 13.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">&#160;&#160; </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Certain Relationships and Related Transactions, and Director Independence</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic"> </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The information required to be disclosed under this Item 13 is incorporated herein by reference to </font><font style="font-family:Arial; font-size:10pt">the P</font><font style="font-family:Arial; font-size:10pt">roxy </font><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">tatement, which will be filed with the SEC within 120 days after the close of the 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> fiscal year.</font></p>
            <p style="margin:6pt 0pt 6pt 7.2pt; text-indent:-7.2pt"><a name="_Item_14._Principal_Accountant_Fees_"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Item 14.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">&#160;&#160; </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Principal Accounting Fees and Services</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The information required to be disclosed under this Item 14 is incorporated herein by reference to </font><font style="font-family:Arial; font-size:10pt">the P</font><font style="font-family:Arial; font-size:10pt">roxy </font><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">tatement, which will be filed with the SEC within 120 days after the close of the 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> fiscal year.</font></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_153"></a><font style="font-family:Arial; font-size:8pt">45</font><a name="EDGAR_HF_F_END_154"></a></p>
            <br>
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        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_149"></a><a name="EDGAR_HF_H_END_150"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_PAGE_START49"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">PART IV</font></p>
            <p style="margin:6pt 0pt 6pt 7.2pt; text-indent:-7.2pt; page-break-inside:avoid; page-break-after:avoid"><a name="_Item_15._Exhibits__Financial_Statem"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Item 15.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">&#160;&#160; </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Exhibits and Financial Statement Schedules</font></a></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">The following documents are filed as part of this Report:</font></p>
            <div style="text-align:center">
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin:0 auto">
                <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:15pt">
                            <p style="margin:0pt; text-align:center"><a name="DOC_TBL00018_1_1"></a><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:507.75pt">
                            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold; text-decoration:underline">Page</font></p>
                        </td>
                    </tr>
                    <tr style="height:16.5pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">1</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:507.75pt">
                            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Financial Statements:</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:16.5pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:15pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:507.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Report of Independent Registered Public Accounting Firm</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">F-1</font></p>
                        </td>
                    </tr>
                    <tr style="height:16.5pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:15pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:507.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Consolidated Balance Sheets - March 31, 2013 and 2012</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">F-2</font></p>
                        </td>
                    </tr>
                    <tr style="height:16.5pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:15pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:507.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Consolidated Statements of Operations - Years Ended March 31, 2013, 2012, and 2011</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">F-3</font></p>
                        </td>
                    </tr>
                    <tr style="height:16.5pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:15pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:507.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Consolidated Statement of Comprehensive Income (Loss) - Years Ended March 31, 2013, 2012 and 2011</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">F-4</font></p>
                        </td>
                    </tr>
                    <tr style="height:16.5pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:15pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:507.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Consolidated Statements of Changes in Stockholders' Equity - Years Ended March 31, 2013, 2012, and 2011</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">F-5</font></p>
                        </td>
                    </tr>
                    <tr style="height:16.5pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:15pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:507.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Consolidated Statement of Cash Flows - Years Ended March 31, 2013, 2012 and 2011</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">F-6</font></p>
                        </td>
                    </tr>
                    <tr style="height:16.5pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:15pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:507.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Notes to Consolidated Financial Statements</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">F-7</font></p>
                        </td>
                    </tr>
                    <tr style="height:16.5pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">2</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:507.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Financial Statement Schedules required to be filed by Item 8:</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:16.5pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:15pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:507.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Schedule I - Condensed Financial Information of AMERCO</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">F-56</font></p>
                        </td>
                    </tr>
                    <tr style="height:16.5pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:15pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:507.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Schedule II - AMERCO and Consolidated Subsidiaries Valuation and Qualifying Accounts</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">F-60</font></p>
                        </td>
                    </tr>
                    <tr style="height:16.5pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:15pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:507.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Schedule V - AMERCO and Consolidated Subsidiaries Supplemental Information (Concerning Property-Casualty Insurance Operations)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">F-61</font></p>
                        </td>
                    </tr>
                </table>
            </div>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">All other schedules are omitted because they are not required, inapplicable, or the information is otherwise shown in the financial statements or notes thereto.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Exhibits:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:527.75pt">
                <tr style="height:16.5pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                <!--<thead>-->
                    <tr>
                        <th style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:59.4pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Exhibit </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Number</font></p>
                        </th>
                        <th style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:261.35pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Description</font></p>
                        </th>
                        <th style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:207pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Page or Method of Filing</font></p>
                        </th>
                    </tr>
                <!--</thead>-->
                <!--<tbody>-->
                    <tr>
                        <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">3.1</font></p>
                        </td>
                        <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Restated Articles of Incorporation of AMERCO</font></p>
                        </td>
                        <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Registration Statement on form S-4 filed March 30, 2004, file no. 1-11255</font></p>
                        </td>
                    </tr>
                    <tr>
                        <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">3.2</font></p>
                        </td>
                        <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Restated Bylaws of AMERCO</font></p>
                        </td>
                        <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K filed on September 10, 2010, file no. 1-11255</font></p>
                        </td>
                    </tr>
                    <tr>
                        <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.1</font></p>
                        </td>
                        <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Termination of Rights Agreement, dated as of March 5, 2008</font></p>
                        </td>
                        <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on March 11, 2008, file no. 1-11255</font></p>
                        </td>
                    </tr>
                    <tr>
                        <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.2</font></p>
                        </td>
                        <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">U-Haul Investors Club Base Indenture, dated February 12, 2011 by and between AMERCO and U. S. Bank National Association</font></p>
                        </td>
                        <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on February 22, 2011, file no. 1-11255</font></p>
                        </td>
                    </tr>
                    <tr>
                        <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.3</font></p>
                        </td>
                        <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">First Supplemental Indenture, dated February 17, 2011, by and among AMERCO</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">and U.S. Bank National Association</font></p>
                        </td>
                        <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on February 22, 2011, file no. 1-11255</font></p>
                        </td>
                    </tr>
                    <tr>
                        <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.4</font></p>
                        </td>
                        <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Second Supplemental Indenture</font><font style="font-family:Arial; font-size:10pt">, dated February 17, 2011, by and among AMERCO and U.S. Bank National Association</font></p>
                        </td>
                        <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on February 22, 2011, file no. 1-11255</font></p>
                        </td>
                    </tr>
                    <tr>
                        <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.5</font></p>
                        </td>
                        <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Third Supplemental Indenture</font><font style="font-family:Arial; font-size:10pt">, dated </font><font style="font-family:Arial; font-size:10pt">March 1</font><font style="font-family:Arial; font-size:10pt">, 2011, by and among AMERCO and U.S. Bank National Association</font></p>
                        </td>
                        <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on March 4, 2011, file no. 1-11255</font></p>
                        </td>
                    </tr>
                <!--</tbody>-->
            </table>
            <p style="margin:0pt"><a name="EDGAR_PAGE_END49"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_153"></a><font style="font-family:Arial; font-size:8pt">46</font><a name="EDGAR_HF_F_END_154"></a></p>
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        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_149"></a><a name="EDGAR_HF_H_END_150"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt"><a name="EDGAR_PAGE_START50"></a><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:527.75pt">
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Exhibit </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Number</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Description</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Page or Method of Filing</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.6</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Fourth Supplemental Indenture</font><font style="font-family:Arial; font-size:10pt">, dated </font><font style="font-family:Arial; font-size:10pt">March 15</font><font style="font-family:Arial; font-size:10pt">, 2011, by and among AMERCO</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">and U.S. Bank National Association</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on March 22, 2011, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.7</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Fifth Supplemental Indenture</font><font style="font-family:Arial; font-size:10pt">, dated </font><font style="font-family:Arial; font-size:10pt">March 15</font><font style="font-family:Arial; font-size:10pt">, 2011, by and among AMERCO and U.S. Bank National Association</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on March 22, 2011, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.8</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Sixth Supplemental Indenture</font><font style="font-family:Arial; font-size:10pt">, dated </font><font style="font-family:Arial; font-size:10pt">March 29</font><font style="font-family:Arial; font-size:10pt">, 2011, by and among AMERCO and U.S. Bank National Association</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on April 1, 2011, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.9</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Seventh Supplemental Indenture</font><font style="font-family:Arial; font-size:10pt">, dated </font><font style="font-family:Arial; font-size:10pt">March 29</font><font style="font-family:Arial; font-size:10pt">, 2011, by and among AMERCO and U.S. Bank National Association</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on April 1, 2011, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.10</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Ninth Supplemental Indenture</font><font style="font-family:Arial; font-size:10pt">, dated </font><font style="font-family:Arial; font-size:10pt">April 19</font><font style="font-family:Arial; font-size:10pt">, 2011, by and among AMERCO</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">and U.S. Bank National Association</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on April 22, 2011, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.11</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Tenth Supplemental Indenture, dated June 7, 2011 by and between AMERCO and U.S. Bank National Association</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on June 23, 2011, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.12</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Eleventh Supplemental Indenture dated June 7, 2011 by and between AMERCO</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">and U.S. Bank National Association</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on October 31, 2011, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.1</font><font style="font-family:Arial; font-size:10pt">3</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Twelfth Supplemental Indenture dated June 14, 2011 by and between AMERCO and U.S. Bank National Association</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on June 23, 2011, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.14</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Thirteenth Supplemental Indenture dated June 28, 2011 by and between AMERCO and U.S. Bank National Association</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on July 20, 2011, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.15</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Fourteenth Supplemental Indenture dated July 20, 2011 by and between AMERCO and U.S. Bank National Association</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on August 17, 2011, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.16</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Fifteenth Supplemental Indenture dated July 27, 2011 by and between AMERCO and U.S. Bank National Association</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on August 17, 2011, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.1</font><font style="font-family:Arial; font-size:10pt">7</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Sixteenth Supplemental Indenture dated August 31, 2011 by and between AMERCO and U.S. Bank National Association</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on September 28, 2011, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.1</font><font style="font-family:Arial; font-size:10pt">8</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Seventeenth Supplemental Indenture dated November 8, 2011 by and between AMERCO and U. S. Bank National Association</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on January 18, 2012, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.1</font><font style="font-family:Arial; font-size:10pt">9</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Eigh</font><font style="font-family:Arial; font-size:10pt">teenth Supplemental Indenture dated </font><font style="font-family:Arial; font-size:10pt">January 7</font><font style="font-family:Arial; font-size:10pt">, 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt"> by and between AMERCO and U. S. Bank National Association</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on </font><font style="font-family:Arial; font-size:10pt">March 26, 2012</font><font style="font-family:Arial; font-size:10pt">, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.</font><font style="font-family:Arial; font-size:10pt">20</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Nine</font><font style="font-family:Arial; font-size:10pt">teenth Supplemental Indenture dated </font><font style="font-family:Arial; font-size:10pt">May 14, 2012</font><font style="font-family:Arial; font-size:10pt"> by and between AMERCO and U. S. Bank National Association</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on </font><font style="font-family:Arial; font-size:10pt">May 15, 20</font><font style="font-family:Arial; font-size:10pt">12, file no. 1-11255</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:0pt"><a name="EDGAR_PAGE_END50"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_153"></a><font style="font-family:Arial; font-size:8pt">47</font><a name="EDGAR_HF_F_END_154"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_149"></a><a name="EDGAR_HF_H_END_150"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <p style="margin:0pt"><a name="EDGAR_PAGE_START51"></a><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:527.75pt">
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Exhibit </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Number</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Description</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Page or Method of Filing</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.</font><font style="font-family:Arial; font-size:10pt">21</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Eighth Supplemental Indenture, dated </font><font style="font-family:Arial; font-size:10pt">April 12, 2011</font><font style="font-family:Arial; font-size:10pt">, by and </font><font style="font-family:Arial; font-size:10pt">between</font><font style="font-family:Arial; font-size:10pt"> AMERCO and U.S. Bank National Association</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K for the year end March 31, 2012, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.</font><font style="font-family:Arial; font-size:10pt">22</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Twentieth</font><font style="font-family:Arial; font-size:10pt"> Supplemental Indenture dated </font><font style="font-family:Arial; font-size:10pt">September 4, 2012</font><font style="font-family:Arial; font-size:10pt"> by and between AMERCO and U. S. Bank National Association</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on </font><font style="font-family:Arial; font-size:10pt">September 4, 20</font><font style="font-family:Arial; font-size:10pt">12, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.</font><font style="font-family:Arial; font-size:10pt">23</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Twenty-first</font><font style="font-family:Arial; font-size:10pt"> Supplemental Indenture dated </font><font style="font-family:Arial; font-size:10pt">January 15, 2013</font><font style="font-family:Arial; font-size:10pt"> by and between AMERCO and U. S. Bank National Association</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on </font><font style="font-family:Arial; font-size:10pt">January 15, 20</font><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.24</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Twenty-second Supplemental Indenture dated May 28, 2013 by and between AMERCO and U. S. Bank National Association</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on May </font><font style="font-family:Arial; font-size:10pt">30</font><font style="font-family:Arial; font-size:10pt">, 2013, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.1</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">U-Haul Dealership Contract</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K for the year end March 31, 1993, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.2</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Share Repurchase and Registration Rights Agreement with Paul F. Shoen</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K for the year ended March 31, 1993, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.3</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">ESOP Loan Credit Agreement</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K for the year ended March 31, 1990, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.4</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">ESOP Loan Agreement</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K for the year ended March 31, 1990, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.5</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Trust Agreement for the AMERCO Employee Savings, Profit Sharing and Employee Stock Ownership Plan</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K for the year ended March 31, 1990, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.6</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended Indemnification Agreement</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K for the year ended March 31, 1990, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.7</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Indemnification Trust Agreement</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K for the year ended March 31, 1990, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.8</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Management Agreement between Four SAC Self-Storage Corporation and subsidiaries of AMERCO</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K for the year ended March 31, 1997, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.9</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Management Agreement between Five SAC Self-Storage Corporation and subsidiaries of AMERCO</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K for the year ended March 31, 1999, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.1</font><font style="font-family:Arial; font-size:10pt">0</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Management Agreement between Nineteen SAC Self-Storage Limited Partnership and U-Haul</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended September 30, 2002, file no. 1-11255</font></p>
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><a name="EDGAR_PAGE_END51"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_153"></a><font style="font-family:Arial; font-size:8pt">48</font><a name="EDGAR_HF_F_END_154"></a></p>
            <br>
        </div>
        </div>
        <br style=" clear:both; mso-break-type:section-break" />
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_149"></a><a name="EDGAR_HF_H_END_150"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:527.75pt">
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><a name="EDGAR_PAGE_START52"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Exhibit </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Number</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Description</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Page or Method of Filing</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.11</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Property Management Agreement</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K for the year ended March 31, 2004, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.12</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Property Management Agreements among Three-A through Three-D SAC Self-Storage Limited Partnership and the subsidiaries of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended June 30, 2004, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.</font><font style="font-family:Arial; font-size:10pt">13</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">U-Haul Dealership Contract between U-Haul Leasing &amp; Sales Co., and U-Haul Moving Partners, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended June 30, 2004, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.14</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Property Management Agreement between Mercury Partners, LP, Mercury 99, LLC and U-Haul Self-Storage Management (WPC), Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended June 30, 2004, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.15</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Property Management Agreement between Three-SAC Self-Storage Corporation and U-Haul Co. (Canada), Ltd.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended June 30, 2004, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.16</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Property Management Agreement among subsidiaries of U-Haul International and Galaxy Storage Two, L.P.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended December 31, 2004, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.17</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Merrill Lynch Commitment Letter (re first mortgage loan)</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on May 13, 2005, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.18</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Morgan Stanley Commitment Letter</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on May 13, 2005, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.19</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Merrill Lynch Commitment Letter (re loan to Amerco Real Estate Company)</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on May 13, 2005, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.20</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and Restated Credit Agreement, dated June 8, 2005, among Amerco Real Estate Company, Amerco Real Estate Company of Texas, Inc., Amerco Real Estate Company of Alabama Inc., U-Haul Co. of Florida, Inc., U-Haul International, Inc. and Merrill Lynch Commercial Finance Corp. </font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed June 14, 2005, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.21</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Security Agreement dated June 8, 2005, by Amerco Real Estate Company, Amerco Real Estate Company of Texas, Inc., Amerco Real Estate Company of Alabama, Inc., U-Haul Co. of Florida, Inc., U-Haul International, Inc. and the Marketing Grantors named therein in favor of Merrill Lynch Commercial Finance Corp.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed June 14, 2005, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.22</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Guarantee, dated June 8, 2005, by U-Haul International, Inc. in favor of Merrill Lynch Commercial Finance Corp.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed June 14, 2005, file no. 1-11255</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:0pt"><a name="EDGAR_PAGE_END52"></a><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_153"></a><font style="font-family:Arial; font-size:8pt">49</font><a name="EDGAR_HF_F_END_154"></a></p>
            <br>
        </div>
        </div>
        <br style=" clear:both; mso-break-type:section-break" />
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_149"></a><a name="EDGAR_HF_H_END_150"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:527.75pt">
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><a name="EDGAR_PAGE_START53"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Exhibit </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Number</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Description</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Page or Method of Filing</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.23</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Promissory Note, dated June 8, 2005 by Amerco Real Estate Company, Amerco Real Estate Company of Texas, Inc., Amerco Real Estate Company of Alabama, Inc., U-Haul Co. of Florida, Inc. and U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed June 14, 2005, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.24</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Form of Mortgage, Security Agreement, Assignment of Rents and Fixture Filing, dated June 8, 2005 in favor of Morgan Stanley Mortgage Capital Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed June 14, 2005, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.25</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Form of Promissory Note, dated June 8, 2005, in favor of Morgan Stanley Mortgage Capital Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed June 14, 2005, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.26</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Form of Mortgage, Security Agreement, Assignment of Rents and Fixture Filing, dated June 8, 2005, in favor of Merrill Lynch Mortgage Lending, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed June 14, 2005, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.27</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Form of Promissory Note, dated June 8, 2005, in favor of Merrill Lynch Mortgage Lending, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed June 14, 2005, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.28</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Property Management Agreement between Subsidiaries of U-Haul and Five SAC RW MS, LLC., dated August 17, 2005.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended September 30, 2005, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.29</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Property Management Agreement between Subsidiaries of U-Haul and Five SAC 905, LLC., dated September 23, 2005.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended December 31, 2005, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:30.15pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.30</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Property Management Agreements between Subsidiaries of U-Haul and subsidiaries of PM Partners, LP, dated June 25, 2005.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s&#160; Annual Report on Form 10-K for the year ended March 31, 2006, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.31</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Promissory note, dated December 1, 2005, by Private Mini Storage Realty, LP in favor of AMERCO.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s&#160; Annual Report on Form 10-K for the year ended March 31, 2006, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.32</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Promissory note dated December 1, 2005 by PMSI Investments, LP in favor of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s&#160; Annual Report on Form 10-K for the year ended March 31, 2006, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:17.1pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.33</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Property Management Agreements between Subsidiaries of U-Haul and subsidiaries of PM Preferred Properties, LP., dated June 25, 2005</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s&#160; Annual Report on Form 10-K for the year ended March 31, 2006, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:17.1pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.34</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Credit Agreement dated June 6, 2006, among U-Haul Leasing and Sales Co., U-Haul Co. of Arizona, and U-Haul International, Inc., and HVB</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s&#160; Annual Report on Form 10-K for the year ended March 31, 2006, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:17.1pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.35</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Security Agreement dated June 6, 2006, among U-Haul Leasing and Sales Co., U-Haul Co. of Arizona, and U-Haul International, Inc. in favor of HVB</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s&#160; Annual Report on Form 10-K for the year ended March 31, 2006, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:17.1pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.36</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Guarantee dated June 6, 2006, made by U-Haul International, Inc. in favor of HVB</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s&#160; Annual Report on Form 10-K for the year ended March 31, 2006, file no. 1-11255</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:0pt"><a name="EDGAR_PAGE_END53"></a><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_153"></a><font style="font-family:Arial; font-size:8pt">50</font><a name="EDGAR_HF_F_END_154"></a></p>
            <br>
        </div>
        </div>
        <br style=" clear:both; mso-break-type:section-break" />
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_149"></a><a name="EDGAR_HF_H_END_150"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:527.75pt">
                <tr style="height:17.1pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><a name="EDGAR_PAGE_START54"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Exhibit </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Number</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Description</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Page or Method of Filing</font></p>
                    </td>
                </tr>
                <tr style="height:17.1pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.37</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Stockholder Agreement dated June 30, 2006 between Edward J. Shoen, James P. Shoen, Mark V. Shoen, Rosmarie T. Donovan, as Trustee, and Southwest Fiduciary, Inc., as Trustee</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to Exhibit 99.2, filed with the Schedule 13-D, filed on July 13, 2006, file number 5-39669</font></p>
                    </td>
                </tr>
                <tr style="height:17.1pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.38</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amendment No. 1 to the Amended and Restated Credit Agreement and Security Agreement, dated as of August 18, 2006, to the Amended and Restated Credit Agreement, dated as of June 8, 2005, among Amerco Real Estate Company of Texas, Inc., Amerco Real Estate Company of Alabama, Inc., U-Haul Co. of Florida, Inc., U-Haul International, Inc. and the Marketing Grantors named therein in favor of Merrill Lynch Commercial Financial Corp.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K filed August 23, 2006, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:17.1pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.39</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Stockholder Agreement dated March 9, 2007 between Edward J. Shoen, James P. Shoen, Mark V. Shoen, Rosmarie T. Donovan, as Trustee, and Adagio Trust Company, as Trustee</font></p>
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to Exhibit 99.2, filed with the Schedule 13-D, filed on March 9, 2007, file number 5-39669</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.40</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">2007-1 BOX TRUCK BASE INDENTURE, dated as of June 1, 2007, among U-HAUL S FLEET, LLC, 2007 TM-1, LLC, 2007 DC-1, LLC, and 2007 EL-1, LLC and U.S. BANK NATIONAL ASSOCIATION.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s&#160; Annual Report on Form 10-K for the year ended March 31, 2007, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.41</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">SCHEDULE I TO 2007-1 BOX TRUCK BASE INDENTURE, dated as of June 1, 2007.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s&#160; Annual Report on Form 10-K for the year ended March 31, 2007, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.42</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">SERIES 2007-1 SUPPLEMENT, dated as of June 1, 2007, among U-HAUL S FLEET, LLC, 2007 TM-1, LLC, 2007 DC-1, LLC, and 2007 EL-1, LLC, and U.S. BANK NATIONAL ASSOCIATION, to the 2007-1 Box Truck Base Indenture.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s&#160; Annual Report on Form 10-K for the year ended March 31, 2007, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.43</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">estated Property Management Agreement among Six-A SAC Self-Storage Corporation and subsidiaries of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended September 30, 2007, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.</font><font style="font-family:Arial; font-size:10pt">44</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">estated Property Management Agreement among Six-B SAC Self-Storage Corporation and subsidiaries of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended September 30, 2007, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.45</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">estated Property Management Agreement among Six-C SAC Self-Storage Corporation and subsidiaries of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended September 30, 2007, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.46</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">estated Property Management Agreement among Eight SAC Self-Storage Corporation and subsidiaries of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended September 30, 2007, file no. 1-11255</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:0pt"><a name="EDGAR_PAGE_END54"></a><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_153"></a><font style="font-family:Arial; font-size:8pt">51</font><a name="EDGAR_HF_F_END_154"></a></p>
            <br>
        </div>
        </div>
        <br style=" clear:both; mso-break-type:section-break" />
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_149"></a><a name="EDGAR_HF_H_END_150"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:527.75pt">
                <tr style="height:14.4pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><a name="EDGAR_PAGE_START55"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Exhibit </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Number</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Description</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Page or Method of Filing</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.47</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">estated Property Management Agreement among Nine SAC Self-Storage Corporation and subsidiaries of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended September 30, 2007, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.48</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">estated Property Management Agreement among Ten SAC Self-Storage Corporation and subsidiaries of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended September 30, 2007, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.49</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">estated Property Management Agreement among Eleven SAC Self-Storage Corporation and Eleven SAC Self-Storage Odenton, Inc. and subsidiaries of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended September 30, 2007, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.50</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">estated Property Management Agreement among Twelve SAC Self-Storage Corporation and subsidiaries of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended September 30, 2007, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.51</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">estated Property Management Agreement among Thirteen SAC Self-Storage Corporation and subsidiaries of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended September 30, 2007, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.52</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">estated Property Management Agreement among Fourteen SAC Self-Storage Corporation and subsidiaries of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended September 30, 2007, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.53</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">estated Property Management Agreement among Fifteen SAC Self-Storage Corporation and subsidiaries of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended September 30, 2007, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.54</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">estated Property Management Agreement among Sixteen SAC Self-Storage Corporation and subsidiaries of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended September 30, 2007, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.55</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">estated Property Management Agreement among Seventeen SAC Self-Storage Corporation and subsidiaries of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended September 30, 2007, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.56</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Promissory Note. SAC Holding Corporation, a Nevada corporation (&quot;Borrower&quot;), pay to U-Haul International, Inc., a Nevada corporation</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended September 30, 2007, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.57</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Stockholder Agreement dated January 1, 2009 between Edward J. Shoen, James P. Shoen, Mark V. Shoen, Rosmarie T. Donovan, as Trustee, and Dunham Trust Company, as Trustee</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to Exhibit 99.2, filed with the Schedule 13-D, filed on June 26, 2009, file number 5-39669</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:0pt"><a name="EDGAR_PAGE_END55"></a><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_153"></a><font style="font-family:Arial; font-size:8pt">52</font><a name="EDGAR_HF_F_END_154"></a></p>
            <br>
        </div>
        </div>
        <br style=" clear:both; mso-break-type:section-break" />
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_149"></a><a name="EDGAR_HF_H_END_150"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <p style="margin:0pt"><a name="EDGAR_PAGE_START56"></a><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:527.75pt">
                <tr style="height:11.25pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Exhibit </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Number</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Description</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Page or Method of Filing</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.58</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">2010-1 BOX TRUCK BASE INDENTURE, dated as of October 1, 2010, among 2010 U-HAUL S FLEET, LLC, 2010 TM-1, LLC, 2010 DC-1, LLC, and 2010 TT-1, LLC, and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended September 30, 2010, file number 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.59</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Schedule I to 2010-1 Base Indenture &#8211; Definitions List</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended September 30, 2010, file number 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.60</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">SERIES 2010-1 SUPPLEMENT, dated as of October 1, 2010, among 2010 U-HAUL S FLEET, LLC, 2010 TM-1, LLC, 2010 DC-1, LLC, and 2010 TT-1, LLC, and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q for the quarter ended September 30, 2010, file number 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:27.9pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.61</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Pledge and Security Agreement, dated February 17, 2011, by and among AMERCO, U-Haul Leasing and Sales Co. and U.S. Bank National Association</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on February 22, 2011, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:27.9pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.62</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and Restated AMERCO Employee Savings and Profit and Sharing Plan</font><font style="font-family:Arial; font-size:10pt">*</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K, for the year ended March 31, 2011, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:27.9pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.63</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and Restated AMERCO Employee Stock Ownership Plan</font><font style="font-family:Arial; font-size:10pt">*</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K, for the year ended March 31, 2011, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:27.9pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.64</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Credit Agreement, dated April 29, 2011, among Amerco Real Estate Company</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> U-Haul Company of Florida and J.P. Morgan Chase Bank, N.A.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K, for the year ended March 31, 2011, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:27.9pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.</font><font style="font-family:Arial; font-size:10pt">65</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">estated Property Management Agreement among </font><font style="font-family:Arial; font-size:10pt">Eighteen</font><font style="font-family:Arial; font-size:10pt"> SAC Self-Storage Corporation and subsidiaries of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K, for the year ended March 31, 2012, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:27.9pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.66</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">estated Property Management Agreement among </font><font style="font-family:Arial; font-size:10pt">Twenty</font><font style="font-family:Arial; font-size:10pt"> SAC Self-Storage Corporation and subsidiaries of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K, for the year ended March 31, 2012, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:27.9pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.67</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">estated Property Management Agreement among </font><font style="font-family:Arial; font-size:10pt">Twenty-One</font><font style="font-family:Arial; font-size:10pt"> SAC Self-Storage Corporation and subsidiaries of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K, for the year ended March 31, 2012, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:27.9pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.68</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">estated Property Management Agreement among </font><font style="font-family:Arial; font-size:10pt">Twenty-Two</font><font style="font-family:Arial; font-size:10pt"> SAC Self-Storage Corporation and subsidiaries of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K, for the year ended March 31, 2012, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:27.9pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.69</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">estated Property Management Agreement among </font><font style="font-family:Arial; font-size:10pt">Twenty-Three</font><font style="font-family:Arial; font-size:10pt"> SAC Self-Storage Corporation and subsidiaries of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K, for the year ended March 31, 2012, file no. 1-11255</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:0pt"><a name="EDGAR_PAGE_END56"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_153"></a><font style="font-family:Arial; font-size:8pt">53</font><a name="EDGAR_HF_F_END_154"></a></p>
            <br>
        </div>
        </div>
        <br style=" clear:both; mso-break-type:section-break" />
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_149"></a><a name="EDGAR_HF_H_END_150"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:527.75pt">
                <tr style="height:27.9pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><a name="EDGAR_PAGE_START57"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Exhibit </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Number</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Description</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Page or Method of Filing</font></p>
                    </td>
                </tr>
                <tr style="height:27.9pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.70</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">estated Property Management Agreement among </font><font style="font-family:Arial; font-size:10pt">Twenty-Four</font><font style="font-family:Arial; font-size:10pt"> SAC Self-Storage Corporation and subsidiaries of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K, for the year ended March 31, 2012, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:27.9pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.71</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">estated Property Management Agreement among </font><font style="font-family:Arial; font-size:10pt">Twenty-Five</font><font style="font-family:Arial; font-size:10pt"> SAC Self-Storage Corporation and subsidiaries of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K, for the year ended March 31, 2012, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:27.9pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.72</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">estated Property Management Agreement among </font><font style="font-family:Arial; font-size:10pt">Twenty-Six</font><font style="font-family:Arial; font-size:10pt"> SAC Self-Storage Corporation and subsidiaries of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K, for the year ended March 31, 2012, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:27.9pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.</font><font style="font-family:Arial; font-size:10pt">73</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">estated Property Management Agreement among </font><font style="font-family:Arial; font-size:10pt">Twenty-Seven</font><font style="font-family:Arial; font-size:10pt"> SAC Self-Storage Corporation and subsidiaries of U-Haul International, Inc.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K, for the year ended March 31, 2012, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:27.9pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.</font><font style="font-family:Arial; font-size:10pt">74</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amended and </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">estated </font><font style="font-family:Arial; font-size:10pt">Credit Agreement, dated March 15, 2012, among Amerco Real Estate Company, U-Haul Co. of Florida and J.P. Morgan Chase Bank, N.A.</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K, for the year ended March 31, 2012, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:27.9pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.75</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">U-Haul Dealership Contract Addendum</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Annual Report on Form 10-K, for the year ended March 31, 2012, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:27.9pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.76</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Amendment to the Amended and Restated AMERCO Employee Savings and Profit and Sharing Plan</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Quarterly Report on Form 10-Q, for the year ended December 31, 2012, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:27.9pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">10.77</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Stockholder Agreement dated </font><font style="font-family:Arial; font-size:10pt">April 29, 2013</font><font style="font-family:Arial; font-size:10pt"> between Edward J. Shoen, James P. Shoen, Mark V. Shoen, Rosmarie T. Donovan, as Trustee, and </font><font style="font-family:Arial; font-size:10pt">David L. Holmes</font><font style="font-family:Arial; font-size:10pt">, as Trustee</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to Exhibit 99.2, filed with the Schedule 13-D, filed on </font><font style="font-family:Arial; font-size:10pt">May 1, 2013</font><font style="font-family:Arial; font-size:10pt">, file number 5-39669</font></p>
                    </td>
                </tr>
                <tr style="height:27.9pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">14</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Code of Ethics</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Incorporated by reference to AMERCO&#8217;s Current Report on Form 8-K, filed on May 5, 2004, file no. 1-11255</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">21</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Subsidiaries of AMERCO </font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Filed herewith</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">23.1</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Consent of BDO USA, LLP</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Filed herewith</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">24</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Power of Attorney</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Refer to signature page</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">31.1</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Rule 13a-14(a)/15d-14(a) Certificate of Edward J. Shoen, President and Chairman of the Board of AMERCO</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Filed herewith</font></p>
                    </td>
                </tr>
                <tr style="height:12.6pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">31.2</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Rule 13a-14(a)/15d-14(a) Certificate of Jason A. Berg, Principal Financial Officer and Chief Accounting Officer of AMERCO</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Filed herewith</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">32.1</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Certificate of Edward J. Shoen, President and Chairman of the Board of AMERCO pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Furnished herewith </font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:0pt"><a name="EDGAR_PAGE_END57"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_153"></a><font style="font-family:Arial; font-size:8pt">54</font><a name="EDGAR_HF_F_END_154"></a></p>
            <br>
        </div>
        </div>
        <br style=" clear:both; mso-break-type:section-break" />
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_149"></a><a name="EDGAR_HF_H_END_150"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:527.75pt">
                <tr style="height:27pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><a name="EDGAR_PAGE_START58"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Exhibit </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Number</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Description</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:bottom; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Page or Method of Filing</font></p>
                    </td>
                </tr>
                <tr style="height:27pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">32.2</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Certificate of Jason A. Berg, Principal Financial Officer and Chief Accounting Officer of AMERCO pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Furnished herewith </font></p>
                    </td>
                </tr>
                <tr style="height:27pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">101.INS</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">XBRL Instance Document</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Furnished herewith</font></p>
                    </td>
                </tr>
                <tr style="height:27pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">101.SCH</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">XBRL Taxonomy Extension Schema</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Furnished herewith</font></p>
                    </td>
                </tr>
                <tr style="height:27pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">101.CAL</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">XBRL Taxonomy Extension Calculation Linkbase</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Furnished herewith</font></p>
                    </td>
                </tr>
                <tr style="height:27pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">101.LAB</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">XBRL Taxonomy Extension Label Linkbase</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Furnished herewith</font></p>
                    </td>
                </tr>
                <tr style="height:27pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">101.PRE</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">XBRL Taxonomy Extension Presentation Linkbase</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Furnished herewith</font></p>
                    </td>
                </tr>
                <tr style="height:27pt">
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:59.4pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">101.DEF</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:261.35pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">XBRL Taxonomy Extension Definition Linkbase</font></p>
                    </td>
                    <td style="padding-left:5.75pt; padding-right:5.75pt; vertical-align:top; width:207pt">
                        <p style="margin:6pt 0pt 0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Furnished herewith</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:0pt"><a name="EDGAR_PAGE_END58"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_153"></a><font style="font-family:Arial; font-size:8pt">55</font><a name="EDGAR_HF_F_END_154"></a></p>
            <br>
        </div>
        </div>
        <br style=" clear:both; mso-break-type:section-break" />
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt 0pt 10pt; line-height:115%; font-size:11pt"><a name="EDGAR_HF_H_START_161"></a><font style="font-family:Calibri; font-size:11pt">&#xa0;</font></p>
            <p style="margin:0pt"><a name="EDGAR_HF_H_END_162"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <p style="margin:6pt 0pt"><a name="_DMBM_318"></a><a name="EDGAR_PAGE_START59"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Report of Independent Registered Public Accounting Firm</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Board of Directors and Stockholders</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">AMERCO</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Reno, Nevada</font></p>
            <p style="margin:6pt 0pt 0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We have audited the accompanying consolidated balance sheets of AMERCO and consolidated subsidiaries (the &#8220;Company&#8221;) as of March 31, 2013 and 2012 and the related consolidated statements of operations, changes in stockholders&#8217; equity, comprehensive income, and cash flows for each of the three years in the period ended March 31, 2013. In connection with our audits of the financial statements, we have also audited the financial statement schedules listed in the accompanying index.&#160; These financial statements and schedules are the responsibility of the Company&#8217;s management.&#160; Our responsibility is to express an opinion on these financial statements and schedules based on our audits.</font></p>
            <p style="margin:6pt 0pt 0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).&#160; Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.&#160; An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and schedules.&#160; We believe that our audits provide a reasonable basis for our opinion.</font></p>
            <p style="margin:6pt 0pt 0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company at March 31, 2013 and 2012, and the results of its operations and its cash flows for each of the three years in the period ended March 31, 2013</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">,</font><font style="font-family:Arial; font-size:10pt"> in conformity with accounting principles generally accepted in the United States of America.</font></p>
            <p style="margin:6pt 0pt 0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Also, in our opinion, the financial statement schedules, when considered in relation to the basic consolidated financial statements taken as a whole, present fairly, in all material respects, the information set forth therein.</font></p>
            <p style="margin:6pt 0pt 0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the Company's internal control over financial reporting as of March 31, 2013, based on criteria established in </font><font style="font-family:Arial; font-size:10pt; font-style:italic">Internal Control &#8211; Integrated Framework </font><font style="font-family:Arial; font-size:10pt">issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and our report dated June 5, 2013 expressed an unqualified opinion thereon.</font></p>
            <p style="margin:6pt 0pt 0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">/s/ BDO USA, LLP</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Phoenix, Arizona</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">June 5, 2013</font><a name="EDGAR_PAGE_END59"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt 0pt 10pt; line-height:115%; font-size:11pt"><a name="EDGAR_HF_F_START_165"></a><font style="font-family:Calibri; font-size:11pt">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">1</font><a name="EDGAR_HF_F_END_166"></a></p>
            <br>
        </div>
        </div>
        <br style=" clear:both; mso-break-type:section-break" />
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_173"></a><a name="EDGAR_HF_H_END_174"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; text-align:center"><a name="_DMBM_319"></a><a name="EDGAR_PAGE_START60"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">Amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">Consolidated balance sheets</font></p>
            <div style="text-align:center">
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin:0 auto">
                <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><a name="DOC_TBL00019_1_1"></a><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td colspan="3" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">March 31,</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">2013</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">2012</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">(In thousands, except share data)</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">ASSETS</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Cash and cash equivalents</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">463,744</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">357,180</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Reinsurance recoverables and trade receivables, net</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">261,789</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">297,974</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Inventories, net</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">56,396</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">58,735</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Prepaid expenses</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">57,451</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">41,858</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Investments, fixed maturities and marketable equities</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,095,338</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">766,792</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Investments, other</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">241,765</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">258,551</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Deferred policy acquisition costs, net</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">93,043</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">63,914</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Other assets</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">99,986</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">120,525</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Related party assets</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">182,035</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">316,157</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">2,551,547</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">2,281,686</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Property, plant and equipment, at cost:</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Land</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">333,228</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">281,140</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Buildings and improvements</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,197,875</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,087,119</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Furniture and equipment</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">311,142</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">308,120</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Rental trailers and other rental equipment</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">317,476</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">255,010</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Rental trucks</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">2,154,688</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,856,433</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">4,314,409</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">3,787,822</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Less: Accumulated depreciation</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(1,559,355)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(1,415,457)</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Total property, plant and equipment</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">2,755,054</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">2,372,365</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Total assets</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">5,306,601</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">4,654,051</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">LIABILITIES AND STOCKHOLDERS' EQUITY</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Liabilities:</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Accounts payable and accrued expenses</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">358,491</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">335,326</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Notes, loans and leases payable</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,661,845</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,486,211</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Policy benefits and losses, claims and loss expenses payable</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,115,048</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,145,943</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Liabilities from investment contracts</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">510,789</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">240,961</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Other policyholders' funds and liabilities</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">7,294</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">7,273</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Deferred income</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">30,217</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">31,525</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Deferred income taxes</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">393,658</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">370,992</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Total liabilities</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">4,077,342</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">3,618,231</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Commitments and contingencies (notes 9, 17, 18, 19 and 20)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Stockholders' equity:</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Series preferred stock, with or without par value, 50,000,000 shares authorized:</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:8pt">Series A preferred stock, with no par value, 6,100,000 shares authorized;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:8pt">6,100,000 shares issued and none outstanding as of March 31, 2013 and 2012</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:8pt">Series B preferred stock, with no par value, 100,000 shares authorized; none</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:8pt">issued and outstanding as of March 31, 2013 and 2012</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Series common stock, with or without par value, 150,000,000 shares authorized:</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:8pt">Series A common stock of $0.25 par value, 10,000,000 shares authorized;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:8pt">none issued and outstanding as of March 31, 2013 and 2012</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:8pt">Common stock of $0.25 par value, 150,000,000 shares authorized; 41,985,700</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:8pt">issued and 19,607,788 outstanding as of March 31, 2013 and 2012</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">10,497</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">10,497</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Additional paid-in capital</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">438,168</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">433,743</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Accumulated other comprehensive loss</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(22,680)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(45,436)</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Retained earnings</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,482,630</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,317,064</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Cost of common shares in treasury, net (22,377,912 shares as of March 31, 2013 and 2012)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(525,653)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(525,653)</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Cost of preferred shares in treasury, net (6,100,000 shares as of March 31, 2013 and 2012)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(151,997)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(151,997)</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Unearned employee stock ownership plan shares</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(1,706)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(2,398)</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Total stockholders' equity</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,229,259</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,035,820</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:390pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Total liabilities and stockholders' equity</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">5,306,601</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">4,654,051</font></p>
                        </td>
                    </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                        <td style="width:390pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:66.75pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:66.75pt; border:none">
                        </td>
                    </tr><![endif]--></table>
            </div>
            <p style="margin:0pt; text-indent:14.4pt"><font style="font-family:Calibri; font-size:8pt">The accompanying notes are an integral part of these consolidated financial statements.</font><a name="EDGAR_PAGE_END60"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_177"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">2</font><a name="EDGAR_HF_F_END_178"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_173"></a><a name="EDGAR_HF_H_END_174"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">Consolidated statements of operations</font></p>
            <div style="text-align:center">
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin:0 auto">
                <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt"><a name="DOC_TBL00020_1_1"></a><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td colspan="5" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Years Ended March 31,</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">2013</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">2012</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">2011</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">(In thousands, except share and per share data)</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Revenues:</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Self-moving equipment rentals</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,767,520</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,678,256</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,547,015</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Self-storage revenues</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">152,660</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">134,376</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">120,698</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Self-moving and self-storage products and service sales</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">221,117</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">213,854</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">205,570</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Property management fees</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">24,378</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">23,266</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">22,132</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Life insurance premiums</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">178,115</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">277,562</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">206,992</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Property and casualty insurance premiums</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">34,342</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">32,631</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">30,704</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Net investment and interest income</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">82,903</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">73,552</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">62,745</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Other revenue</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">97,552</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">78,530</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">55,503</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:8pt">Total revenues</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">2,558,587</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">2,512,027</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">2,251,359</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Costs and expenses:</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Operating expenses</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,170,568</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,093,190</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,026,577</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Commission expenses</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">228,124</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">212,190</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">190,981</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Cost of sales</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">107,216</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">116,542</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">106,024</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Benefits and losses</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">180,676</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">320,191</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">200,513</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Amortization of deferred policy acquisition costs</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">17,376</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">13,791</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">9,494</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Lease expense</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">117,448</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">131,215</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">150,809</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Depreciation, net of (gains) losses on disposals of (($22,496), ($20,888) and ($23,058), respectively)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">237,996</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">208,901</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">189,266</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:8pt">Total costs and expenses</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">2,059,404</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">2,096,020</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,873,664</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Earnings from operations</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">499,183</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">416,007</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">377,695</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Interest expense</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(90,696)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(90,371)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(88,381)</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Pretax earnings</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">408,487</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">325,636</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">289,314</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Income tax expense</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(143,779)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(120,269)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(105,739)</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Net earnings</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">264,708</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">205,367</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">183,575</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Less: Excess of redemption value over carrying value of preferred shares redeemed</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(5,908)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(178)</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">Less: Preferred stock dividends</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(2,913)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(12,412)</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Earnings available to common stockholders</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">264,708</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">196,546</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">170,985</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Basic and diluted earnings per common share</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:double; border-top-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">13.56</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:double; border-top-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">10.09</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:double; border-top-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">8.80</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.25pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:384pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Weighted average common shares outstanding: Basic and diluted</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:double; border-top-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">19,518,779</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:double; border-top-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">19,476,187</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:double; border-top-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">19,432,781</font></p>
                        </td>
                    </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                        <td style="width:384pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:55.5pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:53.25pt; border:none">
                        </td>
                        <td style="width:9.75pt; border:none">
                        </td>
                        <td style="width:53.25pt; border:none">
                        </td>
                    </tr><![endif]--></table>
            </div>
            <p style="margin:6pt 0pt 5pt; text-indent:14.4pt"><font style="font-family:Calibri; font-size:8pt">Related party revenues for fiscal 201</font><font style="font-family:Calibri; font-size:8pt">3</font><font style="font-family:Calibri; font-size:8pt">, 201</font><font style="font-family:Calibri; font-size:8pt">2</font><font style="font-family:Calibri; font-size:8pt"> and 201</font><font style="font-family:Calibri; font-size:8pt">1</font><font style="font-family:Calibri; font-size:8pt">, net of elimination, were $</font><font style="font-family:Calibri; font-size:8pt">38,135</font><font style="font-family:Calibri; font-size:8pt"> </font><font style="font-family:Calibri; font-size:8pt">thousand</font><font style="font-family:Calibri; font-size:8pt">, $</font><font style="font-family:Calibri; font-size:8pt">48,061 thousand</font><font style="font-family:Calibri; font-size:8pt"> and $</font><font style="font-family:Calibri; font-size:8pt">46,746</font><font style="font-family:Calibri; font-size:8pt"> </font><font style="font-family:Calibri; font-size:8pt">thousand</font><font style="font-family:Calibri; font-size:8pt">, respectively.</font></p>
            <p style="margin:6pt 0pt 5pt; text-indent:14.4pt"><font style="font-family:Calibri; font-size:8pt">R</font><font style="font-family:Calibri; font-size:8pt">elated party costs and expenses for fiscal 2013, 2012, and 2011, net of eliminations, were $46,461</font><font style="font-family:Calibri; font-size:8pt"> </font><font style="font-family:Calibri; font-size:8pt">thousand, $44,120 thousand and $39,748 thousand, respectively.</font></p>
            <p style="margin:6pt 0pt 5pt; text-indent:14.4pt"><font style="font-family:Calibri; font-size:8pt">The accompanying notes are an integral part of these consolidated financial statements</font></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_177"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">3</font><a name="EDGAR_HF_F_END_178"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_173"></a><a name="EDGAR_HF_H_END_174"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">Amerco and Consolidated Subsidiaries</font></p>
            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">Consolidated statements of comprehensive income</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt"><a name="DOC_TBL00021_1_1"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Fiscal Year Ended March 31, 2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Pre-tax</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Tax</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Net</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Comprehensive income:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T17_BM28"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T17_BM29"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T17_BM30"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Net earnings</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">408,487</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(143,779)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">264,708</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Other comprehensive income:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Foreign currency translation</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(1,271)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(1,271)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Unrealized net gain on investments</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">29,099</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(10,320)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">18,779</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Change in fair value of cash flow hedges</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">9,405</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(3,574)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">5,831</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Postretirement benefit obligation loss</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(974)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">391</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(583)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Total comprehensive income</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">444,746</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(157,282)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">287,464</font></p>
                    </td>
                </tr>
                <tr style="height:3pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T17_BM31"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T17_BM32"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T17_BM33"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T17_BM34"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T17_BM35"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T17_BM36"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Fiscal Year Ended March 31, 2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Pre-tax</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Tax</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Net</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Comprehensive income:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T17_BM37"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T17_BM38"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T17_BM39"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Net earnings</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">325,636</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(120,269)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">205,367</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Other comprehensive income:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Foreign currency translation</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(2,854)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(2,854)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Unrealized net gain on investments</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">15,094</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(5,089)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">10,005</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Change in fair value of cash flow hedges</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(9,179)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">3,488</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(5,691)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Postretirement benefit obligation gain</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(692)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">263</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(429)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Total comprehensive income</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">328,005</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(121,607)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">206,398</font></p>
                    </td>
                </tr>
                <tr style="height:3.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:13.5pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Fiscal Year Ended March 31, 2011</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Pre-tax</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Tax</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Net</font></p>
                    </td>
                </tr>
                <tr style="height:15pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Comprehensive income:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T17_BM40"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T17_BM41"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T17_BM42"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Net earnings</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">289,314</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(105,739)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">183,575</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Other comprehensive income:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Foreign currency translation</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">3,114</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">3,114</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Unrealized net gain on investments</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">7,468</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(2,538)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">4,930</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Change in fair value of cash flow hedges</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2,411</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(916)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,495</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Postretirement benefit obligation loss</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">324</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(123)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">201</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:260.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Total comprehensive income</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">302,631</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(109,316)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">193,315</font></p>
                    </td>
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                    <td style="width:260.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:66.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:66.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:66.75pt; border:none">
                    </td>
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            <p style="margin:6pt 0pt 0pt; text-indent:14.4pt"><font style="font-family:Calibri; font-size:10pt">The accompanying notes are an integral part of these consolidated financial statements.</font></p>
            <p style="margin:0pt; text-indent:14.4pt"><a name="EDGAR_PAGE_END62"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_177"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">4</font><a name="EDGAR_HF_F_END_178"></a></p>
            <br>
        </div>
        </div>
        <br style=" clear:both; mso-break-type:section-break" />
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_173"></a><a name="EDGAR_HF_H_END_174"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; text-align:center"><a name="EDGAR_PAGE_START63"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">Amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">consolidated statements of changes in stockholders equity</font></p>
            <div style="text-align:center">
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                <tr style="height:44.25pt">
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><a name="DOC_TBL00022_1_1"></a><font style="font-family:Arial; font-size:7pt; font-weight:bold">Description</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Common Stock, $0.25 Par Value</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Additional Paid-In Capital</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Accumulated Other Comprehensive</font></p>
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Income (Loss)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Retained Earnings</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Less: Treasury Common Stock</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Less: Treasury Preferred Stock</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Less: Unearned Employee Stock Ownership Plan Shares</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Total Stockholders' Equity</font></p>
                        </td>
                    </tr>
                    <tr style="height:9.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td colspan="16" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(In thousands)</font></p>
                        </td>
                    </tr>
                    <tr style="height:10.5pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Balance as of March 31, 2010</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10,497</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">421,996</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(56,207)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">969,017</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(525,653)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(2,185)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(4,554)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">812,911</font></p>
                        </td>
                    </tr>
                    <tr style="height:9.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Increase in market value of released ESOP shares</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,038</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,038</font></p>
                        </td>
                    </tr>
                    <tr style="height:9.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Release of unearned ESOP shares</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,172</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,172</font></p>
                        </td>
                    </tr>
                    <tr style="height:9.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Foreign currency translation</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,114</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,114</font></p>
                        </td>
                    </tr>
                    <tr style="height:9.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Unrealized gain on investments, net of tax</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,930</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">178</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">178</font></p>
                        </td>
                    </tr>
                    <tr style="height:9.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Net activity</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,216</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9,740</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">170,985</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(5,004)</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,172</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">180,109</font></p>
                        </td>
                    </tr>
                    <tr style="height:10.5pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Balance as of March 31, 2011</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10,497</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">425,212</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(46,467)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,140,002</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(525,653)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(7,189)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(3,382)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">993,020</font></p>
                        </td>
                    </tr>
                    <tr style="height:9.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Increase in market value of released ESOP shares</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,141</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,141</font></p>
                        </td>
                    </tr>
                    <tr style="height:9.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Release of unearned ESOP shares</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">984</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">984</font></p>
                        </td>
                    </tr>
                    <tr style="height:9.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Foreign currency translation</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(2,854)</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
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                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">205,367</font></p>
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                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">205,367</font></p>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Less: Excess of redemption value over carrying value of preferred shares redeemed</font></p>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Preferred stock dividends: Series A ($0.53 per share for fiscal 2012)</font></p>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Common stock dividends: ($1.00 per share for fiscal 2012)</font></p>
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Redemption of preferred shares</font></p>
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                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(144,808)</font></p>
                        </td>
                    </tr>
                    <tr style="height:9.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Contribution to related party</font></p>
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                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5,390</font></p>
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                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
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                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5,390</font></p>
                        </td>
                    </tr>
                    <tr style="height:9.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Net activity</font></p>
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                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">8,531</font></p>
                        </td>
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                        </td>
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                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,031</font></p>
                        </td>
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                        </td>
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                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">177,062</font></p>
                        </td>
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                        </td>
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                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(144,808)</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">984</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">42,800</font></p>
                        </td>
                    </tr>
                    <tr style="height:10.5pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Balance as of March 31, 2012</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10,497</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">433,743</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(45,436)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,317,064</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(525,653)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(151,997)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(2,398)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,035,820</font></p>
                        </td>
                    </tr>
                    <tr style="height:10.5pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Adjustment to initially apply ASU 2010-26</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
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                        </td>
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                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
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                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,721)</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,721)</font></p>
                        </td>
                    </tr>
                    <tr style="height:9.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Increase in market value of released ESOP shares</font></p>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,425</font></p>
                        </td>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,425</font></p>
                        </td>
                    </tr>
                    <tr style="height:9.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Release of unearned ESOP shares</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
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                        </td>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">692</font></p>
                        </td>
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">692</font></p>
                        </td>
                    </tr>
                    <tr style="height:9.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Foreign currency translation</font></p>
                        </td>
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,271)</font></p>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,271)</font></p>
                        </td>
                    </tr>
                    <tr style="height:9.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Unrealized gain on investments, net of tax</font></p>
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                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
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                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">18,779</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
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                        </td>
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                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
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                        </td>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
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                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
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                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">18,779</font></p>
                        </td>
                    </tr>
                    <tr style="height:9.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Fair market value of cash flow hedges, net of tax</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
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                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
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                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5,831</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
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                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
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                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
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                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
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                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
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                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
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                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
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                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5,831</font></p>
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                    </tr>
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Adjustment to post retirement benefit obligation</font></p>
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                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
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                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
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                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
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                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
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                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(583)</font></p>
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                        <td style="vertical-align:bottom; width:8.25pt">
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                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
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                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
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                        </td>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
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                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
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                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(583)</font></p>
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                    <tr style="height:9.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Net earnings</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">264,708</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">264,708</font></p>
                        </td>
                    </tr>
                    <tr style="height:9.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Common stock dividends: ($5.00 per share for fiscal 2013)</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(97,421)</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(97,421)</font></p>
                        </td>
                    </tr>
                    <tr style="height:9.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Net activity</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,425</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">22,756</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">165,566</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">692</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">193,439</font></p>
                        </td>
                    </tr>
                    <tr style="height:10.5pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:267.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Balance as of March 31, 2013</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10,497</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">438,168</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(22,680)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,482,630</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(525,653)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(151,997)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,706)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,229,259</font></p>
                        </td>
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                        <td style="width:267.75pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:45.75pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:50.25pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:65.25pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:43.5pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:39pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:40.5pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:62.25pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:60.75pt; border:none">
                        </td>
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            <p style="margin:0pt; text-indent:14.4pt"><font style="font-family:Calibri; font-size:8pt">The accompanying notes are an integral part of these consolidated financial statements.</font></p>
            <p style="margin:0pt; text-indent:14.4pt"><a name="EDGAR_PAGE_END63"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_177"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">5</font><a name="EDGAR_HF_F_END_178"></a></p>
            <br>
        </div>
        </div>
        <br style=" clear:both; mso-break-type:section-break" />
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_173"></a><a name="EDGAR_HF_H_END_174"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; text-align:center"><a name="EDGAR_PAGE_START64"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">consolidated statements of cash flows</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:9.75pt">
                    <td style="vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt; text-align:right"><a name="DOC_TBL00023_1_1"></a><a name="EDGAR_DEC_TAB_VALUE_T19_BM43"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Years Ended March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T19_BM44"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">2011</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T19_BM45"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Cash flows from operating activities:</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T19_BM46"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T19_BM47"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T19_BM48"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Net earnings</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">264,708</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">205,367</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">183,575</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Adjustments to reconcile net earnings to cash provided by operations:</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Depreciation</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">260,492</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">229,789</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">212,324</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Amortization of deferred policy acquisition costs</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">17,376</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">13,791</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9,494</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Change in allowance for losses on trade receivables</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(134)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(208)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">28</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Change in allowance for inventory reserves</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,133</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,382</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(674)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Net gain on sale of real and personal property</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(22,496)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(20,888)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(23,058)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Net gain on sale of investments</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(8,323)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(5,579)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,135)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Deferred income taxes</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">13,518</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">104,360</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">80,898</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Net change in other operating assets and liabilities:</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Reinsurance recoverables and trade receivables</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">36,322</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(77,115)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(5,966)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Inventories</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,206</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(173)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(6,431)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Prepaid expenses</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(15,587)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">15,748</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(4,244)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Capitalization of deferred policy acquisition costs</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(50,640)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(23,166)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(25,239)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Other assets</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">21,556</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5,992</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">28,715</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Related party assets</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">133,672</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(14,210)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(87)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Accounts payable and accrued expenses</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">40,032</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">19,469</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">12,547</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Policy benefits and losses, claims and loss expenses payable</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(30,478)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">212,330</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">109,334</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Other policyholders' funds and liabilities</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">21</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,458)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">566</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Deferred income</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,312)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,367</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,967</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Related party liabilities</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">464</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">44</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">249</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Net cash provided by operating activities</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">661,530</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">669,842</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">572,863</font></p>
                    </td>
                </tr>
                <tr style="height:3.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Cash flow from investing activities:</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Purchase of:</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Property, plant and equipment</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(655,984)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(589,799)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(480,418)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Short term investments</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(411,638)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(291,622)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(260,766)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Fixed maturity investments</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(443,262)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(220,104)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(215,931)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Equity securities</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(16,289)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(9,048)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(11,550)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Preferred stock</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(6,296)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(2,717)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(14,352)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Real estate</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,073)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(7,829)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(193)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Mortgage loans</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(80,711)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(127,163)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(38,558)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Other investments</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(2,000)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Proceeds from sales and paydowns of:</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Property, plant and equipment</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">220,699</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">168,912</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">180,411</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Short term investments</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">417,520</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">300,893</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">317,213</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Fixed maturity investments</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">160,806</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">128,486</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">131,981</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Equity securities</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">372</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10,222</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,198</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Preferred stock</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">7,258</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,352</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,914</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Real estate</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">671</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">440</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,925</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Mortgage loans</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">95,714</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">54,840</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">15,156</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Net cash used by investing activities</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(712,213)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(582,137)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(373,970)</font></p>
                    </td>
                </tr>
                <tr style="height:3.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Cash flow from financing activities:</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Borrowings from credit facilities</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">270,546</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">237,780</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">321,862</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Principal repayments on credit facilities</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(257,957)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(201,888)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(288,882)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Debt issuance costs</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(2,223)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(2,004)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,987)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Capital lease payments</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(26,877)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(8,328)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(11,522)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Leveraged Employee Stock Ownership Plan - Repayment from loan</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">692</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">984</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,172</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Securitization deposits</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,195</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">42,088</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(46,031)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Preferred stock redemption paid</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(144,289)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Preferred stock dividends paid</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(2,913)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(12,412)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Common stock dividends paid</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(97,421)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(19,484)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Contribution to related party</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(518)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Investment contract deposits</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">301,729</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">13,854</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">11,580</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Investment contract withdrawals</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(31,901)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(28,027)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(34,548)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Net cash used by financing activities</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">157,783</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(112,745)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(60,768)</font></p>
                    </td>
                </tr>
                <tr style="height:4.5pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Effects of exchange rate on cash</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(536)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(294)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">271</font></p>
                    </td>
                </tr>
                <tr style="height:4.5pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Increase (decrease) in cash and cash equivalents</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">106,564</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(25,334)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">138,396</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Cash and cash equivalents at the beginning of period</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">357,180</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">382,514</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">244,118</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:287.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Cash and cash equivalents at the end of period</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">463,744</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">357,180</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">382,514</font></p>
                    </td>
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                    <td style="width:287.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:48.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:48.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:48.75pt; border:none">
                    </td>
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            <p style="margin:0pt; text-indent:14.4pt"><font style="font-family:Calibri; font-size:8pt">The accompanying notes are an integral part of these consolidated financial statements</font><a name="EDGAR_PAGE_END64"></a></p>
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            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_177"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">6</font><a name="EDGAR_HF_F_END_178"></a></p>
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        <br style=" clear:both; mso-break-type:section-break" />
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            <p style="margin:0pt 0pt 10pt; line-height:115%; font-size:11pt"><a name="EDGAR_HF_H_START_185"></a><font style="font-family:Calibri; font-size:11pt">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements</font><a name="EDGAR_HF_H_END_186"></a></p>
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            <p style="margin:6pt 0pt"><a name="_DMBM_320"></a><a name="EDGAR_PAGE_START65"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note 1. Basis of Presentation</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO, a Nevada Corporation (&#8220;AMERCO&#8221;)</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> has a fiscal year that ends on the 31</font><font style="font-family:Arial; font-size:6.67pt; vertical-align:super">st</font><font style="font-family:Arial; font-size:10pt"> of March for each year that is referenced. Our insurance company subsidiaries have fiscal years that end on the 31</font><font style="font-family:Arial; font-size:6.67pt; vertical-align:super">st</font><font style="font-family:Arial; font-size:10pt"> of December for each year that is referenced. They have been consolidated on that basis. Our insurance companies&#8217; financial reporting processes conform to calendar year reporting as required by state insurance departments. Management believes that consolidating their calendar year into our fiscal year financial statements does not materially affect the financial position or results of operations. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> disclose any material events occurring during the intervening period. Consequently, all references to our insurance subsidiaries&#8217; years 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">10</font><font style="font-family:Arial; font-size:10pt"> correspond to fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt"> for AMERCO. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Accounts denominated in non-U.S. currencies have been translated into U.S. dollars. Certain amounts reported in previous years have been reclassified to conform to the current presentation</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:6pt 0pt"><a name="_DMBM_321"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note 2. Principles of Consolidation</font></a></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> appl</font><font style="font-family:Arial; font-size:10pt">y</font><font style="font-family:Arial; font-size:10pt"> ASC 810 - </font><font style="font-family:Arial; font-size:10pt; font-style:italic">Consolidation</font><font style="font-family:Arial; font-size:10pt"> (&#8220;ASC 810&#8221;) in </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> principles of consolidation. ASC 810 addresses arrangements where a company does not hold a majority of the voting or similar interests of a variable interest entity (&#8220;VIE&#8221;). A company is required to consolidate a VIE if it has determined it is the primary beneficiary. ASC 810 also addresses the policy when a company owns a majority of the voting or similar rights and exercises effective control.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As promulgated by ASC 810, a VIE is not self-supportive due to having one or both of the following conditions: </font><font style="font-family:Arial; font-size:10pt">(i</font><font style="font-family:Arial; font-size:10pt">) it has an insufficient amount of equity for it to finance its activities without receiving additional subordinated financial support or </font><font style="font-family:Arial; font-size:10pt">(ii</font><font style="font-family:Arial; font-size:10pt">) its owners do not hold the typical risks and rights of equity owners. This determination is made upon the creation of a variable interest and </font><font style="font-family:Arial; font-size:10pt">is</font><font style="font-family:Arial; font-size:10pt"> re-assessed</font><font style="font-family:Arial; font-size:10pt"> on an on-going basis</font><font style="font-family:Arial; font-size:10pt"> should certain changes in the operations of a VIE, or its relationship with the primary beneficiary trigger a reconsideration under the provisions of ASC 810. After a triggering event occurs the most recent facts and circumstances are utilized in determining whether or not a company is a VIE, which other company(s) have a variable interest in the entity, and whether or not the company&#8217;s interest is such that it is the primary beneficiary.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We will continue to monitor our relationships with the other entities regarding who is the primary beneficiary, which could change based on facts and circumstances of any reconsideration events.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">During the first quarter of fiscal 2013 SAC Holding II fully repaid the $75.0 million outstanding principal balance on its junior note with AMERCO. Pursuant to ASC 810-10-35-4, we considered this a redetermination event which resulted in AMERCO no longer having a variable interest in SAC Holding II. Further, we determined that the repayment of the junior note had no impact on the existing individual operating entity management agreements thereby affirming our finding that these agreements do not constitute variable interests due to the presence of contractual &#8216;kick-out&#8217; rights. As a result, the reconsideration event had no effect on the consolidation analysis, and thus we have no basis under ASC 810 to consolidate SAC Holding II</font><font style="font-family:Arial; font-size:10pt">. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Intercompany accounts and transactions have been eliminated.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Description of Legal Entities</font></p>
            <p style="margin:0pt 0pt 6pt 14.4pt; line-height:115%; font-size:10pt"><font style="font-family:Arial; font-size:10pt">AMERCO is the holding company for:</font></p>
            <p style="margin:0pt 0pt 6pt 28.8pt"><font style="font-family:Arial; font-size:10pt">U-Haul International, Inc (&#8220;U-Haul&#8221;),</font></p>
            <p style="margin:0pt 0pt 6pt 28.8pt"><font style="font-family:Arial; font-size:10pt">Amerco Real Estate Company (&#8220;Real Estate&#8221;),</font></p>
            <p style="margin:0pt 0pt 6pt 28.8pt"><font style="font-family:Arial; font-size:10pt">Repwest Insurance Company (&#8220;Repwest&#8221;), and</font></p>
            <p style="margin:0pt 0pt 6pt 28.8pt"><font style="font-family:Arial; font-size:10pt">Oxford Life Insurance Company (&#8220;Oxford&#8221;).</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Unless the context otherwise requires, the term &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;us&#8221; or &#8220;our&#8221; refers to AMERCO and all of its legal subsidiaries.&#160; </font><a name="EDGAR_PAGE_END65"></a></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_201"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">7</font><a name="EDGAR_HF_F_END_202"></a></p>
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            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_197"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_198"></a></p>
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            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START66"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Description of Operating Segments</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">AMERCO</font><font style="font-family:Arial; font-size:10pt"> has three reportable segments. They are Moving and Storage, Property and Casualty Insurance and Life Insurance.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The Moving and Storage operating segment includes AMERCO, U-Haul, and Real Estate and the wholly-owned subsidiaries of U-Haul and Real Estate. Operations consist of the rental of trucks and trailers, sales of moving supplies, sales of towing accessories, sales of propane, and the rental of fixed and mobile self-storage spaces to the &#8220;do-it-yourself&#8221; mover and management of self-storage properties owned by others. Operations are conducted under the registered trade name U-Haul</font><font style="font-family:Arial; font-size:7pt; vertical-align:4pt">&#174;</font><font style="font-family:Arial; font-size:10pt"> throughout the United States and Canada.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The Property and Casualty Insurance operating segment includes Repwest and its wholly-owned subsidiaries and ARCOA risk retention group (&#8220;ARCOA&#8221;). </font><font style="font-family:Arial; font-size:10pt">The </font><font style="font-family:Arial; font-size:10pt">Property and Casualty Insurance</font><font style="font-family:Arial; font-size:10pt"> operating segment</font><font style="font-family:Arial; font-size:10pt"> provides loss adjusting and claims handling for U-Haul through regional offices across North America. The Property and Casualty Insurance operating segment also underwrites components of the Safemove, Safetow, Super Safemove and Safestor protection packages to U-Haul customers. The business plan for the Property and Casualty Insurance operating segment includes offering property and casualty products in other U-Haul related programs. ARCOA is a group captive insurer owned by us and our wholly-owned subsidiaries whose purpose is to provide insurance products related to the moving and storage business.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The Life Insurance operating segment includes Oxford and its wholly-owned subsidiaries. </font><font style="font-family:Arial; font-size:10pt">The Life Insurance operating segment</font><font style="font-family:Arial; font-size:10pt"> provides life and health insurance products primarily to the senior market through the direct writing and reinsuring of life insurance, Medicare supplement and annuity policies. </font><font style="font-family:Arial; font-size:10pt"> </font></p>
            <p style="margin:6pt 0pt"><a name="_DMBM_322"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note 3.&#160; Accounting Policies</font></a></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Use of Estimates</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The preparation of financial statements in conformity with the generally accepted accounting principles (&#8220;GAAP&#8221;) in the United States requires management to make estimates and judgments that affect the amounts reported in the financial statements and accompanying notes. The accounting policies that we deem most critical to us and that require management&#8217;s most difficult and subjective judgments include the principles of consolidation, the recoverability of property, plant and equipment, the adequacy of insurance reserves, the recognition and measurement of impairments for investments accounted for under ASC 320 - </font><font style="font-family:Arial; font-size:10pt; font-style:italic">Investments</font><font style="font-family:Arial; font-size:10pt"> - </font><font style="font-family:Arial; font-size:10pt; font-style:italic">Debt and Equity Securities</font><font style="font-family:Arial; font-size:10pt"> and the recognition and measurement of income tax assets and liabilities. The actual results experienced by </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt"> may differ from management&#8217;s estimates.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Cash and Cash Equivalents</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> consider </font><font style="font-family:Arial; font-size:10pt">cash and </font><font style="font-family:Arial; font-size:10pt">cash equivalents to be highly liquid debt securities with insignificant interest rate risk with original maturities from the date of purchase of three months or less.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Financial instruments that potentially subject </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt"> to concentrations of credit risk consist principally of cash deposits. Accounts at each United States financial institution are insured by the Federal Deposit Insurance Corporation up to $250,000. Accounts at each Canadian financial institution are insured by the Canada Deposit Insurance Corporation up to $100,000 CAD per account. At March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> and March 31, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">we</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">held cash equivalents</font><font style="font-family:Arial; font-size:10pt"> in excess of</font><font style="font-family:Arial; font-size:10pt"> these</font><font style="font-family:Arial; font-size:10pt"> insured limits. To mitigate this risk, </font><font style="font-family:Arial; font-size:10pt">we</font><font style="font-family:Arial; font-size:10pt"> select financial institutions based on their credit ratings and financial strength.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Investments</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-style:italic">Fixed Maturities and Marketable Equities. </font><font style="font-family:Arial; font-size:10pt">Fixed maturity investments consist of either marketable debt, equity or redeemable preferred stocks. As of the balance sheet dates, all of </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> investments in these securities </font><font style="font-family:Arial; font-size:10pt">were</font><font style="font-family:Arial; font-size:10pt"> classified as available-for-sale. Available-for-sale investments are reported at fair value, with unrealized gains or losses recorded net of taxes and applicable adjustments to deferred policy acquisition costs in stockholders&#8217; equity. Fair value for these investments is based on quoted market prices, dealer quotes or discounted cash flows. The cost of investments sold is based on the specific identification method.</font><a name="EDGAR_PAGE_END66"></a></p>
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            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_213"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">8</font><a name="EDGAR_HF_F_END_214"></a></p>
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            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_209"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_210"></a></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><a name="EDGAR_PAGE_START67"></a><font style="font-family:Arial; font-size:10pt">In determining if and when a decline in market value below carrying value is an other-than-temporary impairment, management makes certain assumptions or judgments in its assessment including but not limited to: ability to hold the security, quoted market prices, dealer quotes, discounted cash flows, industry factors, financial factors, and issuer specific information. Other-than-temporary impairments, to the extent of the decline, as well as realized gains or losses on the sale or exchange of investments are recognized in the current period operating results.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-style:italic">Mortgage Loans and Notes on Real Estate.</font><font style="font-family:Arial; font-size:10pt"> Mortgage loans and notes on real estate are reported at their unpaid balance, net of any allowance for possible losses and any unamortized premium or discount.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">During fiscal 2013, we recorded $26.1 million of real estate acquisitions obtained through foreclosures or deed-in-lieu of foreclosure on the collateral of assets acquired or originated as mortgage loan investments.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-style:italic">Recognition of Investment Income.</font><font style="font-family:Arial; font-size:10pt"> Interest income from bonds and mortgage notes is recognized when earned. Dividends on common and preferred stocks are recognized on the ex-dividend dates. Realized gains and losses on the sale or exchange of investments are recognized at the trade date. </font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Fair Values</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Fair values of cash equivalents approximate carrying value due to the short period of time to maturity. Fair values of short-term investments, investments available-for-sale, long-term investments, mortgage loans and notes on real estate, and interest rate swap contracts are based on quoted market prices, dealer quotes or discounted cash flows. Fair values of trade receivables approximate their recorded value.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our financial instruments that are exposed to concentrations of credit risk consist primarily of temporary cash investments, trade receivables, reinsurance recoverables and notes receivable. Limited credit risk exists on trade receivables due to the diversity of our customer base and their dispersion across broad geographic markets. We place our temporary cash investments with financial institutions and limits the amount of credit exposure to any one financial institution.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We have</font><font style="font-family:Arial; font-size:10pt"> mortgage receivables, which potentially expose </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt"> to credit risk. The portfolio of notes is principally collateralized by </font><font style="font-family:Arial; font-size:10pt">self-</font><font style="font-family:Arial; font-size:10pt">storage facilities and commercial properties. </font><font style="font-family:Arial; font-size:10pt">We have</font><font style="font-family:Arial; font-size:10pt"> not experienced any material losses related to the notes from individual notes or groups of notes in any particular industry or geographic area. The estimated fair values were determined using the discounted cash flow method and using interest rates currently offered for similar loans to borrowers with similar credit ratings.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The carrying amount of long-term debt and short-term borrowings are estimated to approximate fair value as the actual interest rate is consistent with the rate estimated to be currently available for debt of similar term and remaining maturity.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Other investments including short-term investments are substantially current or bear reasonable interest rates. As a result, the carrying values of these financial instruments approximate fair value. </font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Derivative Financial Instruments</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our objective for holding derivative financial instruments is to manage interest rate risk exposure primarily through entering interest rate swap agreements. An interest rate swap is a contractual exchange of interest payments between two parties. A standard interest rate swap involves the payment of a fixed rate times a notional amount by one party in exchange for a floating rate times the same notional amount from another party. As interest rates change, the difference to be paid or received is accrued and recognized as interest expense or income over the life of the agreement.&#160; We do not enter into these instruments for trading purposes. Counterparties to the interest rate swap agreements are major financial institutions. In accordance with ASC 815 - </font><font style="font-family:Arial; font-size:10pt; font-style:italic">Derivatives and Hedging</font><font style="font-family:Arial; font-size:10pt">, we recognize interest rate swap agreements on the balance sheet at fair value, which is classified as prepaid expenses (asset) or accrued expenses (liability). Derivatives that are not designated as cash flow hedges for accounting purposes must be adjusted to fair value through income. If the derivative qualifies and is designated as a cash flow hedge, changes in its fair value will either be offset against the change in fair value of the hedged item through earnings or recognized in other comprehensive income (loss) until the hedged item is recognized in earnings. See Note 11, Derivatives of the Notes to Consolidated Financial Statements.</font><a name="EDGAR_PAGE_END67"></a></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_213"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">9</font><a name="EDGAR_HF_F_END_214"></a></p>
            <br>
        </div>
        </div>
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        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_209"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_210"></a></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_PAGE_START68"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Inventories, net</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Inventories, net were as follows:</font></p>
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                        <p style="margin:0pt"><a name="DOC_TBL00024_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td colspan="3" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">March 31,</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:296.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:296.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Truck and trailer parts and accessories (a)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">51,247</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">52,973</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:296.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Hitches and towing components (b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">14,574</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">13,877</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:296.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Moving supplies and propane (b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">6,979</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">7,156</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:296.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Subtotal </font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">72,800</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">74,006</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:296.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Less: LIFO reserves</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(14,693)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(14,541)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:296.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Less: excess and obsolete reserves</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(1,711)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(730)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:296.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Total</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">56,396</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">58,735</font></p>
                    </td>
                </tr>
                <tr style="height:4.5pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:296.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt; font-style:italic; color:#ff0000">&#xa0;</font></p>
                    </td>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">(a) Primarily held for internal usage, including equipment manufacturing and repair</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">(b) Primarily held for retail sales</font></p>
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            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Inventories consist primarily of truck and trailer parts and accessories used to manufacture and repair rental equipment as well as products and accessories available for retail sale. Inventory is held at </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> owned locations; our independent dealers do not hold any of </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> inventory.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Inventory cost is primarily determined using the last-in first-out method (&#8220;LIFO&#8221;). Inventories valued using LIFO consisted of </font><font style="font-family:Arial; font-size:10pt">approximately </font><font style="font-family:Arial; font-size:10pt">96% </font><font style="font-family:Arial; font-size:10pt">of the total inventories for</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">. Had </font><font style="font-family:Arial; font-size:10pt">we</font><font style="font-family:Arial; font-size:10pt"> utilized the first-in first-out method (&#8220;FIFO&#8221;), stated inventory balances would have been $</font><font style="font-family:Arial; font-size:10pt">14.7</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">14.5</font><font style="font-family:Arial; font-size:10pt"> million higher at March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">, respectively. In fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, the positive effect on income due to liquidation of a portion of the LIFO inventory was $</font><font style="font-family:Arial; font-size:10pt">0.1</font><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Property, Plant and Equipment</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Property, plant and equipment are stated at cost. Interest expense incurred during the initial construction of buildings and rental equipment is considered part of cost. Depreciation is computed for financial reporting purposes using the straight line or an accelerated method based on a declining balance formula over the following estimated useful lives: rental equipment 2-20 years and buildings and non-rental equipment 3-55 years. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> follow the deferral method of accounting based on ASC 908 - </font><font style="font-family:Arial; font-size:10pt; font-style:italic">Airlines</font><font style="font-family:Arial; font-size:10pt"> for major overhauls in which engine </font><font style="font-family:Arial; font-size:10pt">and transmission </font><font style="font-family:Arial; font-size:10pt">overhauls are capitalized and amortized over three years. Routine maintenance costs are charged to operating expense as they are incurred. Gains and losses on dispositions of property, plant and equipment are netted against depreciation expense when realized. The </font><font style="font-family:Arial; font-size:10pt">net </font><font style="font-family:Arial; font-size:10pt">amount of (gains) or losses netted against depreciation expense were ($</font><font style="font-family:Arial; font-size:10pt">22.5</font><font style="font-family:Arial; font-size:10pt">) million, </font><font style="font-family:Arial; font-size:10pt">(</font><font style="font-family:Arial; font-size:10pt">$</font><font style="font-family:Arial; font-size:10pt">20.9)</font><font style="font-family:Arial; font-size:10pt"> million and </font><font style="font-family:Arial; font-size:10pt">(</font><font style="font-family:Arial; font-size:10pt">$</font><font style="font-family:Arial; font-size:10pt">23.1)</font><font style="font-family:Arial; font-size:10pt"> million during fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, respectively. Equipment depreciation is recognized in amounts expected to result in the recovery of estimated residual values upon disposal, i.e., minimize gains or losses. In determining the depreciation rate, historical disposal experience, holding periods and trends in the market for vehicles are reviewed.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We regularly perform reviews to determine whether facts and circumstances exist which indicate that the carrying amount of assets, including estimates of residual value, may not be recoverable or that the useful life of assets are shorter or longer than originally estimated. Reductions in residual values (i.e., the price at which we ultimately expect to dispose of revenue earning equipment) or useful lives will result in an increase in depreciation expense over the life of the equipment. Reviews are performed based on vehicle class, generally subcategories of trucks and trailers. We assess the recoverability of our assets by comparing the projected undiscounted net cash flows associated with the related asset or group of assets over their estimated remaining lives against their respective carrying amounts. We consider factors such as current and expected future market price trends on used vehicles and the expected life of vehicles included in the fleet. Impairment, if any, is based on the excess of the carrying amount over the fair value of those </font><font style="font-family:Arial; font-size:10pt">assets If asset residual values are determined</font><font style="font-family:Arial; font-size:10pt"> to be recoverable, but the useful lives are shorter or longer than originally estimated, the net book value of the assets is depreciated over the newly determined remaining useful lives.</font><a name="EDGAR_PAGE_END68"></a></p>
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            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_209"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_210"></a></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><a name="EDGAR_PAGE_START69"></a><font style="font-family:Arial; font-size:10pt">M</font><font style="font-family:Arial; font-size:10pt">anagement</font><font style="font-family:Arial; font-size:10pt"> determined that additions to the fleet</font><font style="font-family:Arial; font-size:10pt"> resulting from purchase</font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt"> should be depreciated on an accelerated method </font><font style="font-family:Arial; font-size:10pt">based upon a declining formula.</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">Under the declining balances method (2.4 times declining balance), the book value of a rental truck is reduced approximately 16%, 13%, 11%, 9%, 8%, 7%, and 6% during years one through seven, respectively and then reduced on a straight line basis</font><font style="font-family:Arial; font-size:10pt"> to a salvage value of 20</font><font style="font-family:Arial; font-size:10pt">% by the end of year fifteen. </font><font style="font-family:Arial; font-size:10pt">Beginning in October 2012, rental equipment subject to this depreciation schedule will be depreciated to a salvage value of 15%. </font><font style="font-family:Arial; font-size:10pt">This change had an immaterial effect on our current financial statements. </font><font style="font-family:Arial; font-size:10pt">Whereas, a standard straight line approach would reduce the book value by approximately 5.</font><font style="font-family:Arial; font-size:10pt">7</font><font style="font-family:Arial; font-size:10pt">% per year over the life of the truck. For the affected equipment, the accelerated depreciation was $</font><font style="font-family:Arial; font-size:10pt">57.0</font><font style="font-family:Arial; font-size:10pt"> million, $</font><font style="font-family:Arial; font-size:10pt">54.6</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">44.8</font><font style="font-family:Arial; font-size:10pt"> million greater than what it would have been if calculated under a straight line approach for fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, respectively</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Although we intend to sell our used vehicles for prices approximating book value, the extent to which we realize a gain or loss on the sale of used vehicles is dependent upon various factors including</font><font style="font-family:Arial; font-size:10pt"> but not limited to,</font><font style="font-family:Arial; font-size:10pt"> the general state of the used vehicle market, the age and condition of the vehicle at the time of its disposal and the depreciation rates with respect to the vehicle</font><font style="font-family:Arial; font-size:8pt">.</font><font style="font-family:Arial; font-size:10pt"> We typically sell our used vehicles at our sales centers throughout North America, on our web site at uhaul.com/trucksales or by phone at 1-866-404-0355. Additionally, we sell a large portion of our pickup and cargo van fleet at automobile dealer auctions.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The carrying value of real estate</font><font style="font-family:Arial; font-size:10pt"> held for investment</font><font style="font-family:Arial; font-size:10pt">, which is lower than market value at the balance sheet date, was $</font><font style="font-family:Arial; font-size:10pt">14.3</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">14.8</font><font style="font-family:Arial; font-size:10pt"> million for fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">, respectively, and is included in Investments, other.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Receivables</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Accounts receivable include trade accounts from moving and self-storage customers and dealers, insurance premiums and amounts due from re-insurers, less management&#8217;s estimate of uncollectible accounts.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Insurance premiums receivable for policies that are billed through contracted agents are recorded net of commission&#8217;s payable. A commission payable is recorded as a separate liability for those premiums that are billed direct.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Reinsurance recoverables include case reserves and actuarial estimates of claims incurred but not reported. These receivables are not expected to be collected until after the associated claim has been adjudicated and billed to the re-insurer. The reinsurance recoverables may have little or no allowance for doubtful accounts due to the fact that reinsurance is typically procured from carriers with strong credit ratings. Furthermore, </font><font style="font-family:Arial; font-size:10pt">we do</font><font style="font-family:Arial; font-size:10pt"> not cede losses to a re-insurer if the carrier is deemed financially unable to perform on the contract. </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">einsurance recoverables </font><font style="font-family:Arial; font-size:10pt">also </font><font style="font-family:Arial; font-size:10pt">include insurance ceded to other insurance companies. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Notes and mortgage receivables include accrued interest and are reduced by discounts and amounts considered by management to be uncollectible.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Policy Benefits and Losses, Claims and Loss Expenses Payable</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our </font><font style="font-family:Arial; font-size:10pt">Life Insurance</font><font style="font-family:Arial; font-size:10pt"> operating segment&#8217;s</font><font style="font-family:Arial; font-size:10pt"> liabilities for life insurance and certain annuity and health policies are established to meet the estimated future obligations of policies in force, and are based on mortality, morbidity and withdrawal assumptions from recognized actuarial tables which contain margins for adverse deviation. Liabilities for health, disability and other policies include estimates of payments to be made on insurance claims for reported losses and estimates of losses incurred, but not yet reported. Oxford&#8217;s liabilities for deferred annuity contracts consist of contract account balances that accrue to the benefit of the policyholders.</font><a name="EDGAR_PAGE_END69"></a></p>
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            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_209"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_210"></a></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_PAGE_START70"></a><font style="font-family:Arial; font-size:10pt">Our Property and Casualty Insurance operating segment&#8217;s</font><font style="font-family:Arial; font-size:10pt"> liability for reported and unreported losses is based on Rep</font><font style="font-family:Arial; font-size:10pt">w</font><font style="font-family:Arial; font-size:10pt">est&#8217;s historical data along with industry averages. The liability for unpaid loss adjustment expenses is based on historical ratios of loss adjustment expenses paid to losses paid. Amounts recoverable from re-insurers on unpaid losses are estimated in a manner consistent with the claim liability associated with the re-insured policy. Adjustments to the liability for unpaid losses and loss expenses as well as amounts recoverable from re-insurers on unpaid losses are charged or credited to expense in the periods in which they are made.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Due to the nature of the underlying risks and high degree of uncertainty associated with the determination of the liability for future policy benefits and claims, the amounts to be ultimately paid to settle these liabilities cannot be precisely determined and may vary significantly from the estimated liability, especially for long-tailed casualty lines of business such as excess workers&#8217; compensation.&#160; As a result of the long-tailed nature of the excess workers&#8217; compensation policies written by Repwest during 1983 through 2002, and similar policies assumed by Repwest during 2001 through 2003, it may take a number of years for claims to be fully reported and finally settled.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">On a regular basis insurance reserve adequacy is reviewed by management to determine if existing assumptions need to be updated</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt">In determining the assumptions for calculating workers&#8217; compensation reserves, management considers multiple factors including the following:</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-21.6pt"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Claimant longevity</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-21.6pt"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Cost trends associated with claimant treatments</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-21.6pt"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Changes in ceding entity and third party administrator reporting practices</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-21.6pt"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Changes in environmental factors including legal and regulatory</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-21.6pt"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Current conditions affecting claim settlements</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-21.6pt"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Future economic conditions including inflation</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We have</font><font style="font-family:Arial; font-size:10pt"> reserved each claim based upon the accumulation of current claim costs projected through the claimants&#8217; life expectancy, then adjusted for applicable reinsurance arrangements.&#160; Management reviews each claim bi-annually to determine if the estimated life-time claim costs have increased and then adjusts the reserve estimate accordingly at that time.&#160; We have factored in an estimate of what the potential cost increases could be in our </font><font style="font-family:Arial; font-size:10pt">incurred but not reported</font><font style="font-family:Arial; font-size:10pt"> liability.&#160; We have not assumed settlement of the existing claims in calculating the reserve amount, unless it is in the final stages of completion.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">I</font><font style="font-family:Arial; font-size:10pt">ncreases in claim costs, including medical inflation and new treatments and medications could lead to future adverse development resulting in additional reserve strengthening.&#160; Conversely, settlement of existing claims or if injured workers return to work or expire prematurely, could lead to future positive development.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Self-Insurance Reserves</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">U-Haul retains the risk for certain public liability and property damage programs related to the rental equipment. The consolidated balance sheets include $</font><font style="font-family:Arial; font-size:10pt">380.8</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">380.1</font><font style="font-family:Arial; font-size:10pt"> million of liabilities related to these programs as of March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">, respectively. These liabilities are recorded in Policy benefits and losses</font><font style="font-family:Arial; font-size:10pt">, claims and loss expenses</font><font style="font-family:Arial; font-size:10pt"> payable. Management takes into account losses incurred based upon actuarial estimates, past experience, current claim trends, as well as social and economic conditions. This liability is subject to change in the future based upon changes in the underlying assumptions including claims experience, frequency of incidents, and severity of incidents. Based upon additional claims information obtained through the passage of time, </font><font style="font-family:Arial; font-size:10pt">we</font><font style="font-family:Arial; font-size:10pt"> reduced </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> self-insurance reserve balance associated with prior accident years </font><font style="font-family:Arial; font-size:10pt">by $</font><font style="font-family:Arial; font-size:10pt">5</font><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt"> in fiscal 2013 and $20 million in </font><font style="font-family:Arial; font-size:10pt">fiscal 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">.</font><a name="EDGAR_PAGE_END70"></a></p>
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            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_209"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_210"></a></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START71"></a><font style="font-family:Arial; font-size:10pt">Additionally, as of March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">, the consolidated balance sheets include liabilities of $</font><font style="font-family:Arial; font-size:10pt">8.1</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">6.7</font><font style="font-family:Arial; font-size:10pt"> million, respectively, related to </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> provided medical plan benefits for eligible employees. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> estimate this liability based on actual claims outstanding as of the balance sheet date as well as an actuarial estimate of claims incurred but not reported. This liability is reported net of estimated recoveries from excess loss reinsurance policies with unaffiliated </font><font style="font-family:Arial; font-size:10pt">insurers of $</font><font style="font-family:Arial; font-size:10pt">0.5</font><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt"> and $0.1 million for </font><font style="font-family:Arial; font-size:10pt">fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">, respectively. These amounts are recorded in Accounts payable and accrued expenses on the consolidated balance sheets.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Revenue Recognition</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Self-moving rentals are recognized for the period that trucks and moving equipment are rented. Self-storage revenues, based upon the number of paid storage contract days, are recognized as earned during the period.&#160; Sales of self-moving and self-storage related products are recognized at the time that title passes and the customer accepts delivery. </font><font style="font-family:Arial; font-size:10pt">Property management fee revenues are recognized monthly as services are performed. </font><font style="font-family:Arial; font-size:10pt">Property and casualty, traditional life and Medicare supplement insurance premiums are recognized as revenue over the policy periods. For products where premiums are due over a significantly shorter duration than the period over which benefits are provided, such as our single premium whole life product, premiums are recognized when received and excess profits are deferred and recognized in relation to the insurance in force.</font><font style="font-family:Arial; font-size:10pt"> Interest and investment income are recognized as earned.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Amounts collected from customers for sales tax are recorded on a net basis.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Advertising</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">All advertising costs are expensed as incurred. Advertising expense was $</font><font style="font-family:Arial; font-size:10pt">6.7</font><font style="font-family:Arial; font-size:10pt"> million, $</font><font style="font-family:Arial; font-size:10pt">10.3</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">14.9</font><font style="font-family:Arial; font-size:10pt"> million in fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, respectively.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Deferred Policy Acquisition Costs</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Commissions and other costs that fluctuate with and are primarily related to the acquisition or renewal of certain insurance premiums are deferred. For the Life Insurance operating segment&#8217;s life and health insurance products, these costs are amortized, with interest, in relation to revenue such that costs are realized as a constant percentage of revenue. For its annuity insurance products the costs are amortized, with interest, in relation to the present value of actual and expected gross profits.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">During </font><font style="font-family:Arial; font-size:10pt">fiscal 2013</font><font style="font-family:Arial; font-size:10pt">, new annuity contract holders were provided with a sales inducement in the form of a premium bonus.&#160; Sales inducements are recognized as an asset with a corresponding increase to the policyholder liability and are amortized in a similar manner to </font><font style="font-family:Arial; font-size:10pt">d</font><font style="font-family:Arial; font-size:10pt">eferred </font><font style="font-family:Arial; font-size:10pt">a</font><font style="font-family:Arial; font-size:10pt">cquisition </font><font style="font-family:Arial; font-size:10pt">c</font><font style="font-family:Arial; font-size:10pt">ost</font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt">.&#160; As of December 31, 2012, the </font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt">ales </font><font style="font-family:Arial; font-size:10pt">i</font><font style="font-family:Arial; font-size:10pt">nducement </font><font style="font-family:Arial; font-size:10pt">a</font><font style="font-family:Arial; font-size:10pt">sset included with Deferred</font><font style="font-family:Arial; font-size:10pt"> policy</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">a</font><font style="font-family:Arial; font-size:10pt">cquisition </font><font style="font-family:Arial; font-size:10pt">c</font><font style="font-family:Arial; font-size:10pt">ost</font><font style="font-family:Arial; font-size:10pt">s, net</font><font style="font-family:Arial; font-size:10pt"> amounted to $17.2 million on the consolidated balance sheet and amortization expense totaled $ 0.9 million.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Environmental Costs</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Liabilities are recorded when environmental assessments and remedial efforts, if applicable, are probable and the costs can be reasonably estimated. The amount of the liability is based on management&#8217;s best estimate of undiscounted future costs. Certain recoverable environmental costs related to the removal of underground storage tanks or related contamination are capitalized and amortized over the estimated useful lives of the properties. These costs improve the safety or efficiency of the property or are incurred in preparing the property for sale.</font></p>
            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Income Taxes </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">AMERCO files a consolidated tax return with all of its legal subsidiaries. In accordance with ASC 740 - </font><font style="font-family:Arial; font-size:10pt; font-style:italic">Income Taxes</font><font style="font-family:Arial; font-size:10pt"> (&#8220;ASC 740&#8221;), the provision for income taxes reflects deferred income taxes resulting from changes in temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements. </font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Comprehensive Income (Loss) </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Comprehensive income (loss) consists of net earnings, foreign currency translation adjustments, unrealized gains and losses on investments, the change in fair value of cash flow hedges and the change in postretirement benefit obligation. </font><a name="EDGAR_PAGE_END71"></a></p>
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            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_209"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_210"></a></p>
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            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START72"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Recent Accounting Pronouncements</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">In February 2013, the FASB issued Accounting Standards Update (&#8220;ASU&#8221;) 2013-02, </font><font style="font-family:Arial; font-size:10pt; font-style:italic">Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income</font><font style="font-family:Arial; font-size:10pt">, an amendment to FASB ASC Topic 220. The update requires disclosure of amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present either on the face of the statement of operations or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required to be reclassified to net income in its entirety in the same reporting period. For amounts not reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures that provide additional detail about those amounts. This ASU is effective prospectively for the Company&#8217;s fiscal years, and interim periods within those years beginning after December</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">15, 2012.</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">We do</font><font style="font-family:Arial; font-size:10pt"> not </font><font style="font-family:Arial; font-size:10pt">believe the adoption of this will have a material </font><font style="font-family:Arial; font-size:10pt">impact </font><font style="font-family:Arial; font-size:10pt">on our</font><font style="font-family:Arial; font-size:10pt"> financial statements.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Adoption of New </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Accounting Pronouncements</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">In October 2010, the FASB issued ASU 2010-26, </font><font style="font-family:Arial; font-size:10pt; font-style:italic">Financial Services &#8211; Insurance</font><font style="font-family:Arial; font-size:10pt"> (Topic 944) (&#8220;ASU 2010-26&#8221;) which amended FASB ASC 944-30 to provide further guidance regarding the capitalization of costs relating to the acquisition or renewal of insurance contracts. Specifically, only qualifying costs associated with successful contract acquisitions are permitted to be deferred. We adopted ASU 2010-26 in the first quarter of fiscal 2013 and it resulted in a $1.7 million reduction in beginning retained earnings on our financial statements. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">In May 2011, the FASB issued ASU 2011-04, </font><font style="font-family:Arial; font-size:10pt; font-style:italic">Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards</font><font style="font-family:Arial; font-size:10pt"> (&#8220;IFRS&#8221;) (&#8220;ASU 2011-04&#8221;). This pronouncement was issued to provide a consistent definition of fair value and ensure that the fair value measurement and disclosure requirements are similar between U.S. GAAP and IFRS. ASU 2011-04 changes certain fair value measurement principles and enhances the disclosure requirements particularly for Level 3 fair value measurements. We adopted ASU 2011-04 in the first quarter of fiscal 2013 and it did not have a material impact on our financial statements.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">In July 2012, the FASB issued ASU 2012-02, </font><font style="font-family:Arial; font-size:10pt; font-style:italic">Intangibles &#8211; Goodwill and Others</font><font style="font-family:Arial; font-size:10pt; font-style:italic"> (Topic 350) (&#8220;ASU 2012-02&#8221;)</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">which allows an entity to first assess qualitative factors to determine whether it is necessary to perform a quantitative impairment test of an indefinite-lived intangible asset. </font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">Per the terms of ASU</font><font style="font-family:Arial; font-size:10pt"> 2012-02</font><font style="font-family:Arial; font-size:10pt">, an entity would not be required to calculate the fair value of an indefinite-lived intangible asset unless the entity determines, based on qualitative assessment, that it is not more likely than not, the indefinite-lived intangible asset is impaired</font><font style="font-family:Arial; font-size:10pt">. We adopted ASU 2012-02 in the third quarter of fiscal 2013 and it did not have a material </font><font style="font-family:Arial; font-size:10pt">impact </font><font style="font-family:Arial; font-size:10pt">on our</font><font style="font-family:Arial; font-size:10pt"> financial statements.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">From time to time, new accounting pronouncements are issued by the FASB or the SEC that are adopted by the Company as of the specified effective date. Unless otherwise discussed, these ASU&#8217;s entail technical corrections to existing guidance or affect guidance related to specialized industries or entities and therefore will have minimal, if any, impact on our financial position or results of operations upon adoption.</font></p>
            <p style="margin:6pt 0pt"><a name="_DMBM_323"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note 4</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#160; Earnings Per Share</font></a></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Net earnings for purposes of computing earnings per common share</font><font style="font-family:Arial; font-size:10pt"> for fiscal 2012 and 2011</font><font style="font-family:Arial; font-size:10pt"> are net earnings less preferred stock dividends</font><font style="font-family:Arial; font-size:10pt"> paid, adjusted for the price paid by us for the redemption of our preferred stock less its carrying value on our balance sheet</font><font style="font-family:Arial; font-size:10pt">. Preferred stock dividends include accrued dividends of AMERCO. </font><font style="font-family:Arial; font-size:10pt">Preferred stock dividends paid to or accrued for entities that are part of the consolidated group are eliminated in consolidation.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The weighted average common shares outstanding exclude post-1992 shares of the employee stock ownership plan that have not been committed to be released. The unreleased shares</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> net of shares committed to be released</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> were </font><font style="font-family:Arial; font-size:10pt">66,669</font><font style="font-family:Arial; font-size:10pt">; </font><font style="font-family:Arial; font-size:10pt">110,504</font><font style="font-family:Arial; font-size:10pt">; and </font><font style="font-family:Arial; font-size:10pt">153,069 </font><font style="font-family:Arial; font-size:10pt">as of March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">, and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, respectively. </font><a name="EDGAR_PAGE_END72"></a></p>
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            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_221"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_222"></a></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_PAGE_START73"></a><font style="font-family:Arial; font-size:10pt">On June 1, 2011</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">we</font><font style="font-family:Arial; font-size:10pt"> redeemed all 6,100,000 shares of </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> issued and outstanding Series A 8&#189;% Preferred Stock (&#8220;Series A Preferred&#8221;) at a redemption price of $25 per share plus accrued dividends through that date.&#160; Pursuant to ASC 260 &#8211; </font><font style="font-family:Arial; font-size:10pt; font-style:italic">Earnings Per Share</font><font style="font-family:Arial; font-size:10pt"> (&#8220;ASC 260&#8221;), for earnings per share purposes, we recognize</font><font style="font-family:Arial; font-size:10pt">d</font><font style="font-family:Arial; font-size:10pt"> the deficit of the carrying amount of the Series A Preferred over the consideration paid to redeem the shares.&#160; </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The Series A Preferred was recorded in our Additional Paid-In Capital account, net of original issue costs at $146.3 million prior to the redemption.&#160; </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> paid $152.5 million to redeem the shares on June 1, 2011</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> of which $7.7 million was paid to our insurance subsidiaries in exchange for their holdings.&#160; The difference between what was paid to redeem the shares less their carrying amount on our balance sheet, reduced by our insurance </font><font style="font-family:Arial; font-size:10pt">subsidiaries</font><font style="font-family:Arial; font-size:10pt"> holdings </font><font style="font-family:Arial; font-size:10pt">wa</font><font style="font-family:Arial; font-size:10pt">s $5.9 million.&#160; This amount was recognized as a reduction to our earnings</font><font style="font-family:Arial; font-size:10pt"> available to our common shareholders for the purposes of computing earnings</font><font style="font-family:Arial; font-size:10pt"> per share</font><font style="font-family:Arial; font-size:10pt"> for fiscal 2012</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">From January 1, 2009 through </font><font style="font-family:Arial; font-size:10pt">March</font><font style="font-family:Arial; font-size:10pt"> 31, 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, our insurance subsidiaries purchased </font><font style="font-family:Arial; font-size:10pt">308</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt">300</font><font style="font-family:Arial; font-size:10pt"> shares of </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> Series A Preferred on the open market for $</font><font style="font-family:Arial; font-size:10pt">7.2</font><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt"> Pursuant to ASC 260 </font><font style="font-family:Arial; font-size:10pt">we recognized</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">$0.2 million charge to net earnings for fiscal 2011 in connection with these purchases.</font></p>
            <p style="margin:6pt 0pt"><a name="_DMBM_324"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note 5</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#160; Reinsurance Recoverables and Trade Receivables, Net</font></a></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Reinsurance recoverables and trade receivables, net were as follows:</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:302.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:302.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:302.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Reinsurance recoverable</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">186,533</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">240,824</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:302.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Trade accounts receivable</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">43,413</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">37,323</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:302.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Paid losses recoverable</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,677</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,124</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:302.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Accrued investment income</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">13,210</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">9,911</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:302.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Premiums and agents' balances</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2,813</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,717</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:302.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Independent dealer receivable</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">334</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">402</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:302.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Other receivable</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">14,803</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">7,801</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:302.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">262,783</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">299,102</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:302.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Less: Allowance for doubtful accounts</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(994)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(1,128)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:302.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">261,789</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">297,974</font></p>
                    </td>
                </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                    <td style="width:302.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:71.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:71.25pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt"><a name="_DMBM_325"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">6.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#160; Investments</font></a></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Expected maturities may differ from contractual maturities as borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> deposit bonds with insurance regulatory authorities to meet statutory requirements. The adjusted cost of bonds on deposit with insurance regulatory authorities was $</font><font style="font-family:Arial; font-size:10pt">16.4</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">16.1</font><font style="font-family:Arial; font-size:10pt"> million at March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">, respectively.</font><a name="EDGAR_PAGE_END73"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_249"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">15</font><a name="EDGAR_HF_F_END_250"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_245"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_246"></a></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_PAGE_START74"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Available-for-Sale Investments</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Available-for-sale investments at March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> were as follows:</font></p>
            <div style="text-align:center">
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin:0 auto">
                <tr style="height:60pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:229.5pt">
                            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><a name="DOC_TBL00026_1_1"></a><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Amortized</font></p>
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Cost</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Gross</font></p>
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Unrealized</font></p>
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Gains</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Gross</font></p>
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Unrealized</font></p>
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Losses More than 12 Months</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Gross</font></p>
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Unrealized</font></p>
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Losses Less than 12 Months</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Estimated</font></p>
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Market</font></p>
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Value</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:229.5pt">
                            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td colspan="9" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(In thousands)</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:229.5pt">
                            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">U.S. treasury securities and government obligations</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">24,518</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">2,749</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(3)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(3)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">27,261</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:229.5pt">
                            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">U.S. government agency mortgage-backed securities</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">44,934</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">4,027</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(7)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(73)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">48,881</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:229.5pt">
                            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Obligations of states and political subdivisions</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">154,692</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">16,056</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(2)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(292)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">170,454</font></p>
                        </td>
                    </tr>
                    <tr style="height:12.6pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:229.5pt">
                            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Corporate securities</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">729,677</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">51,596</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(373)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(2,265)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">778,635</font></p>
                        </td>
                    </tr>
                    <tr style="height:12.6pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:229.5pt">
                            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Mortgage-backed securities</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">6,730</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">282</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(27)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">6,985</font></p>
                        </td>
                    </tr>
                    <tr style="height:12.6pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:229.5pt">
                            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Redeemable preferred stocks</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">23,705</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">751</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(214)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(30)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">24,212</font></p>
                        </td>
                    </tr>
                    <tr style="height:12.6pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:229.5pt">
                            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Common stocks</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">43,729</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">273</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(4,685)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(407)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">38,910</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:229.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">1,027,985</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">75,734</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">(5,311)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">(3,070)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">1,095,338</font></p>
                        </td>
                    </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                        <td style="width:229.5pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:54.75pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:55.5pt; border:none">
                        </td>
                        <td style="width:7.5pt; border:none">
                        </td>
                        <td style="width:57pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:55.5pt; border:none">
                        </td>
                        <td style="width:10.5pt; border:none">
                        </td>
                        <td style="width:53.25pt; border:none">
                        </td>
                    </tr><![endif]--></table>
            </div>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Available-for-sale investments at March 31, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> were as follows: </font></p>
            <div style="text-align:center">
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin:0 auto">
                <tr style="height:60pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:229.5pt">
                            <p style="margin:0pt"><a name="DOC_TBL00027_1_1"></a><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Amortized</font></p>
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Cost</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Gross</font></p>
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Unrealized</font></p>
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Gains</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Gross</font></p>
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Unrealized</font></p>
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Losses More than 12 Months</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Gross</font></p>
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Unrealized</font></p>
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Losses Less than 12 Months</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Estimated</font></p>
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Market</font></p>
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Value</font></p>
                        </td>
                    </tr>
                    <tr style="height:12.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:229.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td colspan="9" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">(In thousands)</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:229.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">U.S. treasury securities and government obligations</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">29,152</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">2,964</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">(18)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">(9)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">32,089</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:229.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">U.S. government agency mortgage-backed securities</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">48,938</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">4,866</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">(1)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">(7)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">53,796</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:229.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Obligations of states and political subdivisions</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">142,824</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">9,435</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">(147)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">152,112</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.45pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:229.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Corporate securities</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">445,433</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">33,350</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">(619)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">(2,236)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">475,928</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.45pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:229.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Mortgage-backed securities</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">11,572</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">282</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">(38)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">(5)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">11,811</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.45pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:229.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Redeemable preferred stocks</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">24,370</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">1,066</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">(1,627)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">(632)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">23,177</font></p>
                        </td>
                    </tr>
                    <tr style="height:11.45pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:229.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Common stocks</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">27,736</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">37</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">(9,720)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">(174)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">17,879</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:229.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">730,025</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">52,000</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">(12,023)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:55.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">(3,210)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">766,792</font></p>
                        </td>
                    </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                        <td style="width:229.5pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:54.75pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:55.5pt; border:none">
                        </td>
                        <td style="width:7.5pt; border:none">
                        </td>
                        <td style="width:57pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:55.5pt; border:none">
                        </td>
                        <td style="width:10.5pt; border:none">
                        </td>
                        <td style="width:53.25pt; border:none">
                        </td>
                    </tr><![endif]--></table>
            </div>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The tables </font><font style="font-family:Arial; font-size:10pt">above </font><font style="font-family:Arial; font-size:10pt">include gross unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> sold available-for-sale securities with a fair value </font><font style="font-family:Arial; font-size:10pt">of $</font><font style="font-family:Arial; font-size:10pt">165.1</font><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt">, $</font><font style="font-family:Arial; font-size:10pt">141.1</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">134.7</font><font style="font-family:Arial; font-size:10pt"> million in fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, respectively. The gross realized gains on these sales </font><font style="font-family:Arial; font-size:10pt">totaled $</font><font style="font-family:Arial; font-size:10pt">9.5</font><font style="font-family:Arial; font-size:10pt"> million, $</font><font style="font-family:Arial; font-size:10pt">5.9</font><font style="font-family:Arial; font-size:10pt"> million and $2.</font><font style="font-family:Arial; font-size:10pt">0</font><font style="font-family:Arial; font-size:10pt"> million in fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt"> and 201</font><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt">, respectively. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> realized gross losses on these sales of $</font><font style="font-family:Arial; font-size:10pt">0.7</font><font style="font-family:Arial; font-size:10pt"> million, $0.2 million and $</font><font style="font-family:Arial; font-size:10pt">0.2</font><font style="font-family:Arial; font-size:10pt"> million in fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt"> and 201</font><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt">, respectively.</font><font style="font-family:Arial; font-size:10pt">&#160; </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The unrealized losses of more than twelve months in the table</font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">above</font><font style="font-family:Arial; font-size:10pt"> are considered temporary declines. </font><font style="font-family:Arial; font-size:10pt">The majority of this unrealized loss is related to our long term investments in 1.8 million shares of Bank of America common stock. We</font><font style="font-family:Arial; font-size:10pt"> track each investment with an unrealized loss and evaluate them on an individual basis for other-than-temporary impairments including obtaining corroborating opinions from third party sources, performing trend analysis and reviewing management&#8217;s future plans. Certain of these investments </font><font style="font-family:Arial; font-size:10pt">may have</font><font style="font-family:Arial; font-size:10pt"> declines determined by management to be other-than-temporary and </font><font style="font-family:Arial; font-size:10pt">we</font><font style="font-family:Arial; font-size:10pt"> recognize</font><font style="font-family:Arial; font-size:10pt">d</font><font style="font-family:Arial; font-size:10pt"> these write-downs through earnings</font><font style="font-family:Arial; font-size:10pt">. We recognized other-than-temporary impairments of</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">$0.1</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">0.8</font><font style="font-family:Arial; font-size:10pt"> million in fiscal 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, respectively.</font><font style="font-family:Arial; font-size:10pt"> There were no write downs in fiscal 2013.</font><a name="EDGAR_PAGE_END74"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_249"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">16</font><a name="EDGAR_HF_F_END_250"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_245"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_246"></a></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START75"></a><font style="font-family:Arial; font-size:10pt">The investment portfolio primarily consists of corporate securities and U.S. government securities. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> believe </font><font style="font-family:Arial; font-size:10pt">we</font><font style="font-family:Arial; font-size:10pt"> monitor </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> investments as appropriate. </font><font style="font-family:Arial; font-size:10pt">Our</font><font style="font-family:Arial; font-size:10pt"> methodology of assessing other-than-temporary impairments is based on security-specific analysis as of the balance sheet date and considers various factors including the length of time to maturity, the extent to which the fair value has been less than the cost, the financial condition and the near-term prospects of the issuer, and whether the debtor is current on its contractually obligated interest and principal payments. Nothing has come to management&#8217;s attention that would lead to the belief that each issuer would not have the ability to meet the remaining contractual obligations of the security, including payment at maturity. </font><font style="font-family:Arial; font-size:10pt">We have the ability and intent not to sell</font><font style="font-family:Arial; font-size:10pt"> its fixed maturity </font><font style="font-family:Arial; font-size:10pt">and common stock </font><font style="font-family:Arial; font-size:10pt">investments for a period of time sufficient to allow </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt"> to recover </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> costs.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The portion of other-than-temporary impairment related to a credit loss is recognized in earnings. The significant inputs utilized in the evaluation of mortgage backed securities credit losses include ratings, delinquency rates, and prepayment activity. The significant inputs utilized in the evaluation of asset backed securities credit losses include the time frame for principal recovery and the subordination and value of the underlying collateral. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Credit losses recognized in earnings for which a portion of an other-than-temporary impairment was recognized in other comprehensive income were as follows:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:374.25pt">
                        <p style="margin:0pt"><a name="DOC_TBL00028_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Credit Loss</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:374.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:374.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Balance at March 31, 2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">552</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:374.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Additions:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:374.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Other-than-temporary impairment not previously recognized</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:374.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Balance at March 31, 2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">552</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">The adjusted cost and estimated market value of available-for-sale investments at March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">, respectively, by contractual maturity, were as follows:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:224.25pt">
                        <p style="margin:0pt"><a name="DOC_TBL00029_1_1"></a><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">March 31, 2013</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">March 31, 2012</font></p>
                    </td>
                </tr>
                <tr style="height:36pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:224.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Amortized</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Cost</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Estimated</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Market</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Value</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Amortized</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Cost</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Estimated</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Market</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Value</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:224.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td colspan="7" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:224.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Due in one year or less</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">43,658</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">44,333</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">40,219</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">40,688</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:224.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Due after one year through five years</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">180,448</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">191,930</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">157,444</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">165,852</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:224.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Due after five years through ten years</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">281,546</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">302,188</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">176,694</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">188,225</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:224.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Due after ten years</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">448,169</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">486,780</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">291,990</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">319,160</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:224.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">953,821</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">1,025,231</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">666,347</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">713,925</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:224.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:224.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Mortgage backed securities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">6,730</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">6,985</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">11,572</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">11,811</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:224.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Redeemable preferred stocks</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">23,705</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">24,212</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">24,370</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">23,177</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:224.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Equity securities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">43,729</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">38,910</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">27,736</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">17,879</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:224.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">1,027,985</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">1,095,338</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:53.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">730,025</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">766,792</font></p>
                    </td>
                </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                    <td style="width:224.25pt; border:none">
                    </td>
                    <td style="width:9.75pt; border:none">
                    </td>
                    <td style="width:53.25pt; border:none">
                    </td>
                    <td style="width:9.75pt; border:none">
                    </td>
                    <td style="width:52.5pt; border:none">
                    </td>
                    <td style="width:9.75pt; border:none">
                    </td>
                    <td style="width:53.25pt; border:none">
                    </td>
                    <td style="width:10.5pt; border:none">
                    </td>
                    <td style="width:52.5pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt; widows:0; orphans:0"><a name="EDGAR_PAGE_END75"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_249"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">17</font><a name="EDGAR_HF_F_END_250"></a></p>
            <br>
        </div>
        </div>
        <br style=" clear:both; mso-break-type:section-break" />
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_245"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_246"></a></p>
            <br>
        </div>
            <p style="margin:6pt 0pt; widows:0; orphans:0"><a name="EDGAR_PAGE_START76"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Investments, other</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">The carrying value of other investments was as follows:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:311.25pt">
                        <p style="margin:0pt"><a name="DOC_TBL00030_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:311.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:311.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:311.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Mortgage loans, net</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">156,934</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">166,249</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:311.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Short-term investments</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">43,574</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">50,239</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:311.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Real estate</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">20,406</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">20,032</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:311.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Policy loans</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">16,460</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">15,677</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:311.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Other equity investments</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">4,391</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">6,354</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:311.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">241,765</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">258,551</font></p>
                    </td>
                </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                    <td style="width:311.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:71.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:71.25pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Mortgage loans are carried at the unpaid balance, less an allowance for probable losses and any unamortized premium or discount. The allowance for probable losses was </font><font style="font-family:Arial; font-size:10pt">$0.4</font><font style="font-family:Arial; font-size:10pt"> million as of March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> and 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">. The estimated fair value of these loans as of March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> and 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt"> approximated the carrying value. These loans represent first lien mortgages held by us.</font></p>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Short-term investments consist primarily of investments in money market funds, mutual funds and any other investments with short-term characteristics that have original maturities of less than one year at acquisition. These investments are recorded at cost, which approximates fair value.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Real estate obtained through foreclosure and held for sale is carried at the lower of fair value at time of foreclosure or current estimated fair value less cost to sell. </font><font style="font-family:Arial; font-size:10pt">Other e</font><font style="font-family:Arial; font-size:10pt">quity investments are carried at cost and assessed for impairment.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Insurance policy loans are carried at their unpaid balance.</font></p>
            <p style="margin:6pt 0pt"><a name="_DMBM_326"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">7.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold"> </font><font style="font-family:Arial; font-size:10pt; font-weight:bold"> </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">Other Assets</font></a></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Other assets were as follows:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:347.25pt">
                        <p style="margin:0pt"><a name="DOC_TBL00031_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:347.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:347.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:347.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Deposits (debt-related)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">41,153</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">61,154</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:347.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Cash surrender value of life insurance policies</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">30,769</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">29,785</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:347.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Excess of loss reinsurance recoverable</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">15,000</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">15,000</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:347.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Deferred charges</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">8,661</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">10,647</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:347.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Other</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">4,403</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">3,939</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:347.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">99,986</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">120,525</font></p>
                    </td>
                </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                    <td style="width:347.25pt; border:none">
                    </td>
                    <td style="width:9pt; border:none">
                    </td>
                    <td style="width:48pt; border:none">
                    </td>
                    <td style="width:9pt; border:none">
                    </td>
                    <td style="width:48pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:0pt"><a name="EDGAR_PAGE_END76"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_261"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">18</font></p>
            <p style="margin:0pt; widows:0; orphans:0"><font style="font-family:Arial; font-size:8pt">Draft</font></p>
            <p style="margin:0pt; widows:0; orphans:0"><font style="font-family:Arial; font-size:8pt">6/5/2013 12:18 PM</font><a name="EDGAR_HF_F_END_262"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_269"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_270"></a></p>
            <br>
        </div>
            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><a name="_DMBM_327"></a><a name="EDGAR_PAGE_START77"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">8. </font><font style="font-family:Arial; font-size:10pt; font-weight:bold"> Net Investment and Interest Income</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Net investment and interest income, were as follows: </font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:306pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><a name="DOC_TBL00032_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Years Ended March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:306pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2011</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:306pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:306pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Fixed maturities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">50,696</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">41,439</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">32,782</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:306pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Real estate</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">380</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">81</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">361</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:306pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Insurance policy loans</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">1,126</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">489</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">259</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:306pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Mortgage loans</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">17,952</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">7,002</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">5,249</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:306pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Short-term, amounts held by ceding reinsurers, net and other investments</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">367</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">1,084</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">749</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:306pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Investment income</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">70,521</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">50,095</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">39,400</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:306pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Less: investment expenses</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(1,375)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(1,338)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(1,269)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:306pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Investment income - Related party</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">13,757</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">24,795</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">24,614</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:306pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Net investment and interest income</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">82,903</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">73,552</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">62,745</font></p>
                    </td>
                </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                    <td style="width:306pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:45.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:43.5pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:43.5pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt"><a name="_DMBM_328"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">9. </font><font style="font-family:Arial; font-size:10pt; font-weight:bold"> Borrowings</font></a></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Long-Term Debt</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Long-term debt was as follows:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:200.25pt">
                        <p style="margin:0pt"><a name="DOC_TBL00033_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:88.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:200.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:88.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013 Rate (a)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Maturities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:200.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:88.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:200.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Real estate loan (amortizing term)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:88.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">6.93%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2018</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">235,000</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">245,000</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:200.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Real estate loan (revolving credit)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:88.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T22_BM49"></a><font style="font-family:Arial; font-size:10pt">&#8211;</font><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2018</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:200.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Real estate loan (amortizing term)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:88.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2.10%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2016</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">24,630</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">25,451</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:200.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Real estate loan (revolving credit)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:88.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T22_BM50"></a><font style="font-family:Arial; font-size:10pt">&#8211;</font><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2014</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">23,920</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:200.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Senior mortgages</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:88.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">4.90% - 5.75%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2015 - 2038</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">556,522</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">459,822</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:200.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Working capital loan (revolving credit)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:88.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T22_BM51"></a><font style="font-family:Arial; font-size:10pt">&#8211;</font><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2015</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:200.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Fleet loans (amortizing term)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:88.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1.75% - 6.92%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2013 - 2020</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">361,079</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">384,888</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:200.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Fleet loan (securitization)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:88.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">4.90% - 5.56%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2014 - 2017</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">190,801</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">228,655</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:200.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Capital leases (rental equipment)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:88.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2.37% - 9.57%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2015 - 2020</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">273,458</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">110,256</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:200.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Other obligations</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:88.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">3.00% - 8.00%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2013 - 2043</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">20,355</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">8,219</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:200.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Total notes, loans and leases payable</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:88.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T22_BM52"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,661,845</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,486,211</font></p>
                    </td>
                </tr>
                <tr style="height:6.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:200.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:88.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td colspan="8" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">(a) Interest rate as of March 31, 2013, including the effect of applicable hedging instruments</font></p>
                    </td>
                </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                    <td style="width:200.25pt; border:none">
                    </td>
                    <td style="width:88.5pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:71.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:64.5pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:64.5pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Real Estate Backed Loans</font></p>
            <p style="margin:0pt 0pt 10pt; line-height:115%; font-size:10pt"><font style="font-family:Arial; font-size:10pt; font-style:italic">Real Estate Loan</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Amerco Real Estate Company and certain of its subsidiaries and U-Haul Company of Florida are borrowers under a Real Estate Loan. The loan has a final maturity date of August 2018. The loan is comprised of a term loan facility with initial availability of $</font><a name="BIP_SEL026"><font style="font-family:Arial; font-size:10pt">300.0</font></a><font style="font-family:Arial; font-size:10pt"> million and a revolving credit facility with </font><font style="font-family:Arial; font-size:10pt">current</font><font style="font-family:Arial; font-size:10pt"> availability of $</font><a name="BIP_SEL027"><font style="font-family:Arial; font-size:10pt">41.0</font></a><font style="font-family:Arial; font-size:10pt"> million. As of</font><font style="font-family:Arial; font-size:10pt"> March 31, 2013</font><font style="font-family:Arial; font-size:10pt">, the outstanding balance on the Real Estate Loan was </font><font style="font-family:Arial; font-size:10pt">$</font><font style="font-family:Arial; font-size:10pt">235.0</font><font style="font-family:Arial; font-size:10pt"> million and we had the full $</font><font style="font-family:Arial; font-size:10pt">41.0 </font><font style="font-family:Arial; font-size:10pt">million</font><font style="font-family:Arial; font-size:10pt"> available</font><font style="font-family:Arial; font-size:10pt"> to be drawn. U-Haul International, Inc.</font><font style="font-family:Arial; font-size:10pt"> is a guarantor of this loan.&#160; </font><a name="EDGAR_PAGE_END77"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_285"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">19</font><a name="EDGAR_HF_F_END_286"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_281"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_282"></a></p>
            <br>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_PAGE_START78"></a><font style="font-family:Arial; font-size:10pt">The amortizing term portion of the Real Estate Loan requires monthly principal and interest payments, with the unpaid loan balance and accrued and unpaid interest due at maturity. The revolving credit portion of the Real Estate Loan requires monthly interest payments when drawn, with the unpaid loan balance and any accrued and unpaid interest due at maturity. The Real Estate Loan is secured by various properties owned by the borrowers.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The interest rate for the amortizing term portion, per the provisions of the amended </font><font style="font-family:Arial; font-size:10pt">l</font><font style="font-family:Arial; font-size:10pt">oan </font><font style="font-family:Arial; font-size:10pt">a</font><font style="font-family:Arial; font-size:10pt">greement, is the applicable London Inter-Bank Offer Rate (&#8220;LIBOR&#8221;) plus the applicable margin. At</font><font style="font-family:Arial; font-size:10pt"> March 31, 2013</font><font style="font-family:Arial; font-size:10pt">, the applicable LIBOR </font><font style="font-family:Arial; font-size:10pt">was </font><a name="BIP_SEL030"><font style="font-family:Arial; font-size:10pt">0.21%</font></a><font style="font-family:Arial; font-size:10pt"> and the applicable margin was </font><a name="BIP_SEL031"><font style="font-family:Arial; font-size:10pt">1.50%</font></a><font style="font-family:Arial; font-size:10pt">, the sum of which was </font><a name="BIP_SEL032"><font style="font-family:Arial; font-size:10pt">1.71%</font></a><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt"> The rate on the term facility portion of the </font><font style="font-family:Arial; font-size:10pt">Real Estate Loan</font><font style="font-family:Arial; font-size:10pt"> is hedged with an interest rate swap fixing the rate at </font><a name="BIP_SEL033"><font style="font-family:Arial; font-size:10pt">6.93%</font></a><font style="font-family:Arial; font-size:10pt"> based on current margin.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The interest rate for the revolving credit facility, per the provision of the amended </font><font style="font-family:Arial; font-size:10pt">l</font><font style="font-family:Arial; font-size:10pt">oan </font><font style="font-family:Arial; font-size:10pt">a</font><font style="font-family:Arial; font-size:10pt">greement, is the applicable LIBOR plus the applicable margin. The margin ranges from </font><a name="BIP_SEL034"><font style="font-family:Arial; font-size:10pt">1.50%</font></a><font style="font-family:Arial; font-size:10pt"> to </font><a name="BIP_SEL035"><font style="font-family:Arial; font-size:10pt">2.00%</font></a><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The default provisions of the Real Estate Loan include non-payment of principal or interest and other standard reporting and change-in-control covenants. There are limited restrictions regarding our use of the funds.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Amerco Real Estate Company and a subsidiary of U-Haul International, Inc. entered into a revolving credit construction loan effective June 29, 2006. This loan was modified and extended on June 2</font><font style="font-family:Arial; font-size:10pt">7</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">2011</font><font style="font-family:Arial; font-size:10pt">. Th</font><font style="font-family:Arial; font-size:10pt">is</font><font style="font-family:Arial; font-size:10pt"> loan is </font><font style="font-family:Arial; font-size:10pt">now </font><font style="font-family:Arial; font-size:10pt">comprised of a term loan facility </font><font style="font-family:Arial; font-size:10pt">with an initial</font><font style="font-family:Arial; font-size:10pt"> availability of $</font><a name="BIP_SEL036"><font style="font-family:Arial; font-size:10pt">26.1</font></a><font style="font-family:Arial; font-size:10pt"> million and a final maturity of </font><a name="EDGAR_PAGE_12"></a><font style="font-family:Arial; font-size:10pt">June 2016. As of</font><font style="font-family:Arial; font-size:10pt"> March 31, 2013</font><font style="font-family:Arial; font-size:10pt">, the outstanding balance was </font><font style="font-family:Arial; font-size:10pt">$</font><font style="font-family:Arial; font-size:10pt">24.6</font><font style="font-family:Arial; font-size:10pt"> million.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">This Real Estate Loan requires monthly principal and interest payments</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> with the unpaid </font><font style="font-family:Arial; font-size:10pt">loan balance</font><font style="font-family:Arial; font-size:10pt"> and any accrued and unpaid interest due at maturity. The interes</font><font style="font-family:Arial; font-size:10pt">t rate, per the provision of this</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">loan a</font><font style="font-family:Arial; font-size:10pt">greement, is the applicable LIBOR plus </font><font style="font-family:Arial; font-size:10pt">a margin of </font><a name="BIP_SEL038"><font style="font-family:Arial; font-size:10pt">1.90%</font></a><font style="font-family:Arial; font-size:10pt">. At</font><font style="font-family:Arial; font-size:10pt"> March 31, 2013</font><font style="font-family:Arial; font-size:10pt">, the applicable LIBOR </font><font style="font-family:Arial; font-size:10pt">was </font><a name="BIP_SEL039"><font style="font-family:Arial; font-size:10pt">0.20%</font></a><font style="font-family:Arial; font-size:10pt"> and the margin was </font><a name="BIP_SEL040"><font style="font-family:Arial; font-size:10pt">1.90%</font></a><font style="font-family:Arial; font-size:10pt">, the sum of which was </font><a name="BIP_SEL041"><font style="font-family:Arial; font-size:10pt">2.10%</font></a><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt"> U-Haul International, Inc. and AMERCO are guarantors</font><font style="font-family:Arial; font-size:10pt"> of this loan. The default provisions of the loan include non-payment of principal or interest and other standard reporting and change-in-control covenants.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">On April 29, 2011, Amerco Real Estate Company and U-Haul Company of Florida entered into a revolving credit agreement for $</font><a name="BIP_SEL042"><font style="font-family:Arial; font-size:10pt">100.0</font></a><font style="font-family:Arial; font-size:10pt"> million. This agreement </font><font style="font-family:Arial; font-size:10pt">was amended in February 2013 and the </font><font style="font-family:Arial; font-size:10pt">maturity</font><font style="font-family:Arial; font-size:10pt"> extended to</font><font style="font-family:Arial; font-size:10pt"> April 201</font><font style="font-family:Arial; font-size:10pt">4 with an option for a one year extension and the revolver balance was reduced to $50.0 million. </font><font style="font-family:Arial; font-size:10pt">As of</font><font style="font-family:Arial; font-size:10pt"> March 31, 2013</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">we had the full $</font><a name="BIP_SEL043"><font style="font-family:Arial; font-size:10pt">50.0</font></a><font style="font-family:Arial; font-size:10pt"> million available to be drawn. The interest rate is the applicable LIBOR plus a m</font><font style="font-family:Arial; font-size:10pt">argin of </font><a name="BIP_SEL044"><font style="font-family:Arial; font-size:10pt">1.25%</font></a><font style="font-family:Arial; font-size:10pt">. </font><font style="font-family:Arial; font-size:10pt">AMERCO and U-Haul International, Inc. are guarantors of this facility. The default provisions of the loan</font><font style="font-family:Arial; font-size:10pt"> include non-payment of principal or interest and other standard reporting and change-in-control covenants.</font></p>
            <p style="margin:0pt 0pt 10pt; line-height:115%; font-size:10pt"><font style="font-family:Arial; font-size:10pt; font-style:italic">Senior Mortgages</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Various subsidiaries of Amerco Real Estate Company and U-Haul International, Inc. are borrowers under certain senior mortgages. These senior mortgage loan balances as of </font><font style="font-family:Arial; font-size:10pt">March 31, 2013 </font><font style="font-family:Arial; font-size:10pt">were in the aggregate amount </font><font style="font-family:Arial; font-size:10pt">of $</font><font style="font-family:Arial; font-size:10pt">556.5</font><font style="font-family:Arial; font-size:10pt"> million and </font><font style="font-family:Arial; font-size:10pt">mature between</font><font style="font-family:Arial; font-size:10pt"> 2015</font><font style="font-family:Arial; font-size:10pt"> and 2038</font><font style="font-family:Arial; font-size:10pt">. The </font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt">enior </font><font style="font-family:Arial; font-size:10pt">m</font><font style="font-family:Arial; font-size:10pt">ortgages require average monthly principal and interest payments with the unpaid loan balance and accrued and unpaid interest due at maturity. The senior mortgages are secured by certain properties owned by the borrowers. The interest rates, per the provisions of the senior mortgages, </font><font style="font-family:Arial; font-size:10pt">range between</font><font style="font-family:Arial; font-size:10pt"> </font><a name="BIP_SEL046"><font style="font-family:Arial; font-size:10pt">4.90%</font></a><font style="font-family:Arial; font-size:10pt"> and </font><a name="BIP_SEL047"><font style="font-family:Arial; font-size:10pt">5.75%</font></a><font style="font-family:Arial; font-size:10pt">. Amerco Real Estate Company and U-Haul International, Inc. have provided limited guarantees of the senior mortgages. The default provisions of the senior mortgages include non-payment of principal or interest and other standard reporting and change-in-control covenants. There are limited restrictions regarding our use of the funds.&#160; </font><a name="EDGAR_PAGE_END78"></a></p>
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            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_281"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_282"></a></p>
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            <p style="margin:0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid; line-height:115%; font-size:10pt"><a name="EDGAR_PAGE_START79"></a><font style="font-family:Arial; font-size:10pt; font-style:italic">Working Capital</font><font style="font-family:Arial; font-size:10pt; font-style:italic"> Loan</font><font style="font-family:Arial; font-size:10pt; font-style:italic">s</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Amerco Real Estate Company is a borrower under an asset backed working capital loan. The maximum amount that can be drawn at any one time is $</font><a name="BIP_SEL048"><font style="font-family:Arial; font-size:10pt">25.0</font></a><font style="font-family:Arial; font-size:10pt"> million. At</font><font style="font-family:Arial; font-size:10pt"> March 31, 2013</font><font style="font-family:Arial; font-size:10pt">, we had the full </font><font style="font-family:Arial; font-size:10pt">$</font><a name="BIP_SEL049"><font style="font-family:Arial; font-size:10pt">25.0</font></a><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt"> available to be drawn. This loan is secured by certain properties owned by the borrower. This loan agreement provides for revolving loans, subject to the terms of the loan agreement. This agreement was amended in </font><font style="font-family:Arial; font-size:10pt">February</font><font style="font-family:Arial; font-size:10pt"> 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> and the maturity extended to </font><font style="font-family:Arial; font-size:10pt">April 2015</font><font style="font-family:Arial; font-size:10pt">. This loan requires monthly interest payments with the unpaid loan balance and accrued and unpaid interest due at maturity. U-Haul International, Inc. and AMERCO are the guarantors of this loan. The default provisions of the loan include non-payment of principal or interest and other standard reporting and change-in-control covenants. The interest rate, per the provision of this loan agreement, is the applicable LIBOR plus a margin of </font><a name="BIP_SEL050"><font style="font-family:Arial; font-size:10pt">1.25%</font></a><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Fleet Loans</font></p>
            <p style="margin:0pt 0pt 10pt; line-height:115%; font-size:10pt"><font style="font-family:Arial; font-size:10pt; font-style:italic">Rental Truck Amortizing Loans</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">U-Haul International, Inc. and several of its subsidiaries are borrowers under amortizing term loans. The balance of the loans as of </font><font style="font-family:Arial; font-size:10pt">March</font><font style="font-family:Arial; font-size:10pt"> 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> was $</font><font style="font-family:Arial; font-size:10pt">246.1</font><font style="font-family:Arial; font-size:10pt"> million with the final maturities </font><font style="font-family:Arial; font-size:10pt">between July 2013 and January 2020.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The Amortizing Loans require monthly principal and interest payments, with the unpaid loan balance and accrued and unpaid interest due at maturity. These loans were used to purchase new trucks. The interest rates, per the provision of the Loan Agreements, are the applicable LIBOR plus a margin between </font><a name="BIP_SEL052"><font style="font-family:Arial; font-size:10pt">0.90%</font></a><font style="font-family:Arial; font-size:10pt"> and </font><a name="BIP_SEL053"><font style="font-family:Arial; font-size:10pt">2.63%</font></a><font style="font-family:Arial; font-size:10pt">. At</font><font style="font-family:Arial; font-size:10pt"> March 31, 2013</font><font style="font-family:Arial; font-size:10pt">, the applicable LIBOR was between </font><font style="font-family:Arial; font-size:10pt">0.20%</font><font style="font-family:Arial; font-size:10pt"> and </font><a name="BIP_SEL055"><font style="font-family:Arial; font-size:10pt">0.21</font><font style="font-family:Arial; font-size:10pt">%</font></a><font style="font-family:Arial; font-size:10pt"> and applicable margins were between </font><a name="BIP_SEL056"><font style="font-family:Arial; font-size:10pt">0.90%</font></a><font style="font-family:Arial; font-size:10pt"> and </font><a name="BIP_SEL057"><font style="font-family:Arial; font-size:10pt">2.63%</font></a><font style="font-family:Arial; font-size:10pt">. The interest rates are hedged with interest rate swaps fixing the rates </font><font style="font-family:Arial; font-size:10pt">between </font><a name="BIP_SEL058"><font style="font-family:Arial; font-size:10pt">1.75%</font></a><font style="font-family:Arial; font-size:10pt"> and </font><a name="BIP_SEL059"><font style="font-family:Arial; font-size:10pt">6.92%</font></a><font style="font-family:Arial; font-size:10pt"> based</font><font style="font-family:Arial; font-size:10pt"> on current margins. Additionally, $</font><font style="font-family:Arial; font-size:10pt">41.4</font><font style="font-family:Arial; font-size:10pt"> million of these loans are carried at fixed rates </font><font style="font-family:Arial; font-size:10pt">between </font><a name="BIP_SEL061"><font style="font-family:Arial; font-size:10pt">2.59% to 3.94%</font></a><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO and U-Haul International, Inc. are guarantors of these loans. The default provisions of these loans include non-payment of principal or interest and other standard reporting and</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">change-in-control covenants.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">On December 31, 2009, a subsidiary of U-Haul International, Inc. entered into an $</font><a name="BIP_SEL062"><font style="font-family:Arial; font-size:10pt">85.0</font></a><font style="font-family:Arial; font-size:10pt"> million term note that was used to fund cargo van and pickup acquisitions. This term note was amended on August 26, 2011. The amount of the term note was increased to $</font><a name="BIP_SEL063"><font style="font-family:Arial; font-size:10pt">95.0</font></a><font style="font-family:Arial; font-size:10pt"> million. On December 22, 2011, we entered into another term loan for $</font><a name="BIP_SEL064"><font style="font-family:Arial; font-size:10pt">20.0</font></a><font style="font-family:Arial; font-size:10pt"> million. The final maturity date of these notes is August 2016.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt"> The agreements contain options to extend the maturity through May 2017. These notes are secured by the purchased equipment and the corresponding operating cash flows associated with their operation.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt"> These notes have fixed interest rates between </font><a name="BIP_SEL065"><font style="font-family:Arial; font-size:10pt">3.52%</font></a><font style="font-family:Arial; font-size:10pt"> and </font><a name="BIP_SEL066"><font style="font-family:Arial; font-size:10pt">3.53%</font></a><font style="font-family:Arial; font-size:10pt">. At</font><font style="font-family:Arial; font-size:10pt"> March 31, 2013</font><font style="font-family:Arial; font-size:10pt">, the outstanding balance </font><font style="font-family:Arial; font-size:10pt">was $</font><a name="BIP_SEL067"><font style="font-family:Arial; font-size:10pt">115.0</font></a><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO and U-Haul International, Inc. are guarantors of these loans. The default provisions of these loans include non-payment of principal or interest and other standard reporting and</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">change-in-control covenants.</font></p>
            <p style="margin:0pt 0pt 10pt; line-height:115%; font-size:10pt"><font style="font-family:Arial; font-size:10pt; font-style:italic">Rental Truck Securitizations</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">U-Haul S Fleet and its subsidiaries (collectively, &#8220;USF&#8221;) issued a $217.0 million asset-backed note (&#8220;2007 Box Truck Note&#8221;) on June 1, 2007. USF is a bankruptcy-remote special purpose entity wholly-owned by U-Haul International, Inc. The net proceeds from the securitized transaction were used to finance new box truck purchases throughout fiscal 2008. U.S. Bank, NA acts as the trustee for this securitization.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The 2007 Box Truck Note has a fixed interest rate of 5.56% with an </font><font style="font-family:Arial; font-size:10pt">expected</font><font style="font-family:Arial; font-size:10pt"> final maturity of February 2014. At </font><font style="font-family:Arial; font-size:10pt">March</font><font style="font-family:Arial; font-size:10pt"> 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, the outstanding balance was $</font><font style="font-family:Arial; font-size:10pt">82.7</font><font style="font-family:Arial; font-size:10pt"> million. The note is secured by the box trucks that were purchased and the corresponding operating cash flows associated with their operation.</font><a name="EDGAR_PAGE_END79"></a></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_285"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">21</font><a name="EDGAR_HF_F_END_286"></a></p>
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            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_281"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_282"></a></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><a name="EDGAR_PAGE_START80"></a><font style="font-family:Arial; font-size:10pt">The 2007 Box Truck </font><font style="font-family:Arial; font-size:10pt">Note has the benefit of a financial guaranty insurance policy which guarantees the timely payment of interest on and the ultimate payment of the principal of this note.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">2010 U-Haul S Fleet and its subsidiaries (collectively, &#8220;2010 USF&#8221;) issued a $155.0 million asset-backed note (&#8220;2010 Box Truck Note&#8221;) on October 28, 2010. 2010 USF is a bankruptcy-remote special purpose entity wholly-owned by U-Haul International, Inc. The net proceeds from the securitized transaction were used to finance new box truck purchases. U.S. Bank, NA acts as the trustee for this securitization.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The 2010 Box Truck Note has a fixed interest rate of 4.90% with an expected final maturity of October 2017. At March 31, 2013, the outstanding balance was $</font><font style="font-family:Arial; font-size:10pt">108.1</font><font style="font-family:Arial; font-size:10pt"> million. The note is secured by the box trucks being purchased and the corresponding operating cash flows associated with their operation. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The 2007 Box Truck Note and 2010 Box Truck Note are subject to certain covenants with respect to liens, additional indebtedness of the special purpose entities, the disposition of assets and other customary covenants of bankruptcy-remote special purpose entities. The default provisions of these notes include non-payment of principal or interest and other standard reporting and change-in-control covenants.</font></p>
            <p style="margin:0pt 0pt 10pt; line-height:115%; font-size:10pt"><font style="font-family:Arial; font-size:10pt; font-style:italic">Capital Leases</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> entered into capital leases for new equipment between April 2008 and </font><font style="font-family:Arial; font-size:10pt">March 2013</font><font style="font-family:Arial; font-size:10pt">, with terms of the leases between </font><font style="font-family:Arial; font-size:10pt">5</font><font style="font-family:Arial; font-size:10pt"> and 7 years. At </font><font style="font-family:Arial; font-size:10pt">March 31, 2013</font><font style="font-family:Arial; font-size:10pt">, the balance of these leases was $</font><font style="font-family:Arial; font-size:10pt">273.5</font><font style="font-family:Arial; font-size:10pt"> million.</font></p>
            <p style="margin:0pt 0pt 10pt; line-height:115%; font-size:10pt"><font style="font-family:Arial; font-size:10pt; font-style:italic">Other Obligations</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">In February 2011</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> the Company and US Bank, N</font><font style="font-family:Arial; font-size:10pt">ational </font><font style="font-family:Arial; font-size:10pt">A</font><font style="font-family:Arial; font-size:10pt">ssociation</font><font style="font-family:Arial; font-size:10pt"> (the &#8220;Trustee&#8221;) entered into the U-Haul Investors Club Indenture.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt"> The Company and the Trustee entered into this indenture to provide for the issuance of notes (&#8220;U-Notes&#8221;) by </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt"> directly to investors over our proprietary website, </font><font style="font-family:Arial; font-size:10pt">uhaulinvestorsclub.com</font><font style="font-family:Arial; font-size:10pt">. The U-Notes </font><font style="font-family:Arial; font-size:10pt">are</font><font style="font-family:Arial; font-size:10pt"> secured by various types of collateral including rental equipment and real estate.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt"> U-Notes </font><font style="font-family:Arial; font-size:10pt">are</font><font style="font-family:Arial; font-size:10pt"> issued in smaller series that vary as to principal amount, interest rate and maturity.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt"> U-Notes are obligations of the Company and secured by the associated collateral; they are not guaranteed by any of the Company&#8217;s affiliates or subsidiaries.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">At March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> the aggregate outstanding principal balance of the </font><font style="font-family:Arial; font-size:10pt">U-N</font><font style="font-family:Arial; font-size:10pt">otes issued was $</font><font style="font-family:Arial; font-size:10pt">26.9 million of which $6.5 million is with our insurance subsidiaries</font><font style="font-family:Arial; font-size:10pt"> with interest rates </font><font style="font-family:Arial; font-size:10pt">between 3.00% and 8.00%</font><font style="font-family:Arial; font-size:10pt"> and maturity dates between 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> and </font><font style="font-family:Arial; font-size:10pt">2043</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Annual Maturities of Notes, Loans and Leases Payable</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The annual maturities of long-term debt as of March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> for the next five years and thereafter are as follows:</font></p>
            <div style="text-align:center">
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin:0 auto">
                <tr style="height:12.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:198.75pt">
                            <p style="margin:0pt"><a name="DOC_TBL00034_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                        </td>
                        <td colspan="11" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">March 31,</font></p>
                        </td>
                    </tr>
                    <tr style="height:12.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:198.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2014</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2015</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2016</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2017</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2018</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:58.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Thereafter</font></p>
                        </td>
                    </tr>
                    <tr style="height:12.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:198.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                        </td>
                        <td colspan="11" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                        </td>
                    </tr>
                    <tr style="height:12.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:198.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Notes, loans and leases payable, secured</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">226,944</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">110,659</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">522,455</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">286,445</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">169,025</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:58.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">346,317</font></p>
                        </td>
                    </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                        <td style="width:198.75pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:45.75pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:45.75pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:45.75pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:45.75pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:45.75pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:58.5pt; border:none">
                        </td>
                    </tr><![endif]--></table>
            </div>
            <p style="margin:0pt"><a name="EDGAR_PAGE_END80"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_285"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">22</font><a name="EDGAR_HF_F_END_286"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_293"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_294"></a></p>
            <br>
        </div>
            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><a name="_DMBM_329"></a><a name="EDGAR_PAGE_START81"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note 1</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">0. </font><font style="font-family:Arial; font-size:10pt; font-weight:bold"> Interest on Borrowings</font></p>
            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Interest Expense</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Components of interest expense include the following: </font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:258.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><a name="DOC_TBL00035_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Years Ended March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:258.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2011</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:258.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:258.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Interest expense</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">66,159</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">63,523</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">60,701</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:258.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Capitalized interest</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(415)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(221)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(425)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:258.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Amortization of transaction costs </font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">4,133</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">4,428</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">4,249</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:258.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Interest expense resulting from derivatives</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">20,819</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">22,641</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">23,856</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:258.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Total interest expense</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">90,696</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">90,371</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">88,381</font></p>
                    </td>
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                    <td style="width:258.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:62.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:62.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:62.25pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Interest paid in cash, including payments related to derivative contracts,</font><font style="font-family:Arial; font-size:10pt"> amounted to $</font><font style="font-family:Arial; font-size:10pt">84.6</font><font style="font-family:Arial; font-size:10pt"> million, $</font><font style="font-family:Arial; font-size:10pt">87.0</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">84.7</font><font style="font-family:Arial; font-size:10pt"> million for fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, respectively. </font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Interest Rates</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Interest rates and </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> borrowings were as follows:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:15pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:258.75pt">
                        <p style="margin:0pt"><a name="DOC_TBL00036_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Revolving Credit Activity</font></p>
                    </td>
                </tr>
                <tr style="height:15pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:258.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Years Ended March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:258.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2011</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:258.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands, except interest rates)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:258.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Weighted average interest rate during the year</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1.25%</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1.73%</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1.75%</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:258.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Interest rate at year end</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">0.00%</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1.74%</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">0.00%</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:258.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Maximum amount outstanding during the year</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">48,920</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">38,920</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">111,000</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:258.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Average amount outstanding during the year</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">18,707</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">24,494</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">36,942</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:258.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Facility fees</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">449</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">521</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:62.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">227</font></p>
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                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:62.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:62.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:62.25pt; border:none">
                    </td>
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            <p style="margin:0pt"><a name="EDGAR_PAGE_END81"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_297"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">23</font><a name="EDGAR_HF_F_END_298"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_305"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_306"></a></p>
            <br>
        </div>
            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><a name="_DMBM_330"></a><a name="EDGAR_PAGE_START82"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note 1</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">1.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#160; </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">Derivatives</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> manage exposure to changes in market interest rates. </font><font style="font-family:Arial; font-size:10pt">Our</font><font style="font-family:Arial; font-size:10pt"> use of derivative instruments is limited to highly effective interest rate swaps to hedge the risk of changes in cash flows (future interest payments) attributable to changes in LIBOR rates, the designated benchmark interest rate being hedged on certain of our LIBOR indexed variable rate debt</font><font style="font-family:Arial; font-size:10pt"> and a variable rate operating lease</font><font style="font-family:Arial; font-size:10pt">. The interest rate swaps effectively fix </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> interest payments on certain LIBOR indexed variable rate debt. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> monitor </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> positions and the credit ratings of its counterparties and does not currently anticipate non-performance by the counterparties. Interest rate swap agreements are not entered into for trading purposes.</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Original variable rate debt and lease amount</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Effective Date</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Designated cash flow hedge date</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:9pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(In millions)</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:93.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:81.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:86.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:93pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:9pt">$</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">50.0</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:19.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:93.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">6/21/2006</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:81.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">7/10/2006</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:86.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">7/10/2013</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:93pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">6/9/2006</font></p>
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                </tr>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:9pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">300.0</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:19.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:93.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">8/16/2006</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:81.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">8/18/2006</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:86.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">8/10/2018</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:93pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">8/4/2006</font></p>
                    </td>
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                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">30.0</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:19.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:93.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">2/9/2007</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:81.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">2/12/2007</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:86.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">2/10/2014</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:93pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">2/9/2007</font></p>
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                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:9pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">20.0</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:19.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:93.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">3/8/2007</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:81.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">3/12/2007</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:86.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">3/10/2014</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:93pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">3/8/2007</font></p>
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                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:9pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">20.0</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:19.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">3/8/2007</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">3/10/2014</font></p>
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                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">19.3</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(a)</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">8/15/2008</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">6/15/2015</font></p>
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                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">19.0</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">8/27/2008</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">8/29/2008</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">7/10/2015</font></p>
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                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">30.0</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">9/24/2008</font></p>
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                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">15.0</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(a)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">3/30/2009</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">14.7</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(a)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">7/6/2010</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">8/15/2010</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">7/15/2017</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">25.0</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(a)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">4/26/2011</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">6/1/2011</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:93pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">7/1/2011</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">50.0</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(a)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:4.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">7/29/2011</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">8/15/2011</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">8/15/2018</font></p>
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            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As of March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, the total notional amount of </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> variable interest rate swaps </font><font style="font-family:Arial; font-size:10pt">on debt and an operating lease was</font><font style="font-family:Arial; font-size:10pt"> $</font><font style="font-family:Arial; font-size:10pt">450.1</font><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt"> and $13.7 million, respectively</font><font style="font-family:Arial; font-size:10pt">.</font><a name="EDGAR_PAGE_END82"></a></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_309"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">24</font><a name="EDGAR_HF_F_END_310"></a></p>
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        </div>
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            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_305"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_306"></a></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START83"></a><font style="font-family:Arial; font-size:10pt">The derivative fair values located in Accounts payable and accrued expenses in the balance sheets were as follows:</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">March 31, 2013</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">March 31, 2012</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:86.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">51,550</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:83.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">59,313</font></p>
                    </td>
                </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                    <td style="width:278.25pt; border:none">
                    </td>
                    <td style="width:9pt; border:none">
                    </td>
                    <td style="width:86.25pt; border:none">
                    </td>
                    <td style="width:9pt; border:none">
                    </td>
                    <td style="width:83.25pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <div style="text-align:center">
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin:0 auto">
                <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:334.5pt">
                            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><a name="DOC_TBL00039_1_1"></a><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">The Effect of Interest Rate </font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:334.5pt">
                            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td colspan="3" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Contracts on the Statements of Operations</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:334.5pt">
                            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">March 31, 2013</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">March 31, 2012</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:334.5pt">
                            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(In thousands)</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:334.5pt">
                            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Loss recognized in income on interest rate contracts</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">20,819</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">22,641</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:334.5pt">
                            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(Gain) loss recognized in AOCI on interest rate contracts (effective portion)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(9,405)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">9,179</font></p>
                        </td>
                    </tr>
                    <tr style="height:12pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:334.5pt">
                            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Loss reclassified from AOCI into income (effective portion)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">19,178</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">23,559</font></p>
                        </td>
                    </tr>
                    <tr style="height:24pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:334.5pt">
                            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(Gain) loss recognized in income on interest rate contracts (ineffective portion and amount excluded from effectiveness testing)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">1,641</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:89.25pt">
                            <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(918)</font></p>
                        </td>
                    </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                        <td style="width:334.5pt; border:none">
                        </td>
                        <td style="width:9pt; border:none">
                        </td>
                        <td style="width:89.25pt; border:none">
                        </td>
                        <td style="width:9pt; border:none">
                        </td>
                        <td style="width:89.25pt; border:none">
                        </td>
                    </tr><![endif]--></table>
            </div>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Gains or losses recognized in income on derivatives are recorded as interest expense in the statement of operations. At March 31, 2013, we expect to reclassify $</font><font style="font-family:Arial; font-size:10pt">16.3</font><font style="font-family:Arial; font-size:10pt"> million of net losses on interest rate contracts from accumulated other comprehensive income to earnings that will offset interest payments over the next twelve months. Please see Note 3, Accounting Policies in the Notes to Consolidated Financial Statements.</font></p>
            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><a name="_DMBM_331"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note 1</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">2.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold"> Stockholders&#8217; Equity</font></a></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">On June 1, 2011</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">we</font><font style="font-family:Arial; font-size:10pt"> redeemed all 6,100,000 shares of </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> issued and outstanding Series A Preferred at a redemption price of $25 per share plus accrued dividends through that date.&#160; Pursuant to ASC 260, for earnings per share purposes, we recognize</font><font style="font-family:Arial; font-size:10pt">d</font><font style="font-family:Arial; font-size:10pt"> the deficit of the carrying amount of the Series A Preferred over the consideration paid to redeem the shares.&#160; </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The Series A Preferred was recorded in our Additional Paid-In Capital account, net of original issue costs at $146.3 million prior to the redemption.&#160; </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> paid $152.5 million to redeem the shares on June 1, 2011</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> of which $7.7 million was paid to our insurance subsidiaries in exchange for their holdings.&#160; The difference between what was paid to redeem the shares less their carrying amount on our balance sheet, reduced by our insurance </font><font style="font-family:Arial; font-size:10pt">subsidiaries</font><font style="font-family:Arial; font-size:10pt"> holdings </font><font style="font-family:Arial; font-size:10pt">wa</font><font style="font-family:Arial; font-size:10pt">s $5.9 million.&#160; This amount was recognized as a reduction to our earnings</font><font style="font-family:Arial; font-size:10pt"> available to our common shareholders for the purposes of computing earnings</font><font style="font-family:Arial; font-size:10pt"> per share</font><font style="font-family:Arial; font-size:10pt"> for fiscal 2012</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">On </font><font style="font-family:Arial; font-size:10pt">November</font><font style="font-family:Arial; font-size:10pt"> 7, 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">we</font><font style="font-family:Arial; font-size:10pt"> declared a special cash dividend on </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> Common Stock of $</font><font style="font-family:Arial; font-size:10pt">5</font><font style="font-family:Arial; font-size:10pt">.00 per share to holders of record on </font><font style="font-family:Arial; font-size:10pt">November 19</font><font style="font-family:Arial; font-size:10pt">, 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">. The dividend was paid on </font><font style="font-family:Arial; font-size:10pt">November</font><font style="font-family:Arial; font-size:10pt"> 3</font><font style="font-family:Arial; font-size:10pt">0</font><font style="font-family:Arial; font-size:10pt">, 2012.</font></p>
            <p style="margin:6pt 0pt"><a name="_DMBM_333"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note 1</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">3.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#160; </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">Change in Excess Workers&#8217; Compensation Reserves Estimate</font></a></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our policy is to regularly review the adequacy of loss reserves associated with the lines of business of its insurance subsidiaries. A review of the underlying claims of Repwest&#8217;s excess workers&#8217; compensation business </font><font style="font-family:Arial; font-size:10pt">in the third quarter of fiscal 2012, </font><font style="font-family:Arial; font-size:10pt">indicated that claims have been developing more adversely than previously anticipated based on a combination of issues including medical inflation, additional treatments, longer claim terms and changes in ceding entity and third party administrator reporting practices.&#160; As a result, Repwest adjusted its estimate for excess workers&#8217; compensation reserves in the third quarter of fiscal 2012. The effect of this change increased benefits and losses expense by $48.3 million and decreased net earnings by $31.4 million, or $1.61 per share, for fiscal 2012.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><a name="EDGAR_PAGE_END83"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_333"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">25</font></p>
            <p style="margin:0pt; widows:0; orphans:0"><font style="font-family:Arial; font-size:8pt">Draft</font></p>
            <p style="margin:0pt; widows:0; orphans:0"><font style="font-family:Arial; font-size:8pt">6/5/2013 12:18 PM</font><a name="EDGAR_HF_F_END_334"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_341"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_342"></a></p>
            <br>
        </div>
            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><a name="_DMBM_334"></a><a name="EDGAR_PAGE_START84"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note 1</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">4.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#160; Provision for Taxes</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Earnings before taxes and the provision for taxes consisted of the following:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:282.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><a name="DOC_TBL00041_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Years Ended March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:282.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2011</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:282.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:282.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Pretax earnings:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T24_BM53"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T24_BM54"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T24_BM55"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:282.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">U.S.</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">389,342</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">302,748</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">270,695</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:282.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Non-U.S.</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">19,145</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">22,888</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">18,619</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:282.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Total pretax earnings</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">408,487</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">325,636</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">289,314</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:282.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:282.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Current provision (benefit)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:282.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Federal</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">116,788</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">10,899</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">14,784</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:282.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">State</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">12,199</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">5,514</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">7,475</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:282.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Non-U.S.</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">3,344</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">4,786</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">3,861</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:282.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">132,331</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">21,199</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">26,120</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:282.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Deferred provision (benefit)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:282.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Federal</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">8,466</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">89,327</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">70,653</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:282.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">State</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">1,458</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">8,310</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">7,300</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:282.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Non-U.S.</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">1,524</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">1,433</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">1,666</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:282.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">11,448</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">99,070</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">79,619</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:282.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:282.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Provision for income tax expense</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">143,779</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">120,269</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">105,739</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:282.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:282.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Income taxes paid (net of income tax refunds received)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">144,682</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">10,739</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">14,265</font></p>
                    </td>
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                    <td style="width:282.75pt; border:none">
                    </td>
                    <td style="width:9.75pt; border:none">
                    </td>
                    <td style="width:48pt; border:none">
                    </td>
                    <td style="width:9.75pt; border:none">
                    </td>
                    <td style="width:48pt; border:none">
                    </td>
                    <td style="width:9.75pt; border:none">
                    </td>
                    <td style="width:48pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The difference between the tax provision at the statutory federal income tax rate and the tax provision attributable to income before taxes was as follows:</font></p>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt"><a name="DOC_TBL00042_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td colspan="5" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Years Ended March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2011</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In percentages)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Statutory federal income tax rate</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">35.00%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">35.00%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">35.00%</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Increase (reduction) in rate resulting from:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">State taxes, net of federal benefit</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2.08%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2.70%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">3.24%</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Foreign rate differential</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(0.45)%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(0.55)%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(0.34)%</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Federal tax credits</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(0.51)%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(0.21)%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(0.18)%</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Interest on deferred tax</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">0.00%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">0.12%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">0.13%</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Dividend received deduction</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(0.03)%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(0.06)%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(0.08)%</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Other</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(0.89)%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(0.07)%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(1.22)%</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Actual tax expense of operations</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">35.20%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">36.93%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">36.55%</font></p>
                    </td>
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                    <td style="width:232.5pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:66.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:66.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:66.75pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify; widows:0; orphans:0"><a name="EDGAR_PAGE_END84"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_345"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">26</font><a name="EDGAR_HF_F_END_346"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_353"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_354"></a></p>
            <br>
        </div>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START85"></a><font style="font-family:Arial; font-size:10pt">Significant components of </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> deferred tax assets and liabilities were as follows:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:354pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><a name="DOC_TBL00043_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:354pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:354pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:354pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Deferred tax assets:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T25_BM56"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T25_BM57"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:354pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Net operating loss and credit carry forwards</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">2,007</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">3,080</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:354pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Accrued expenses</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">153,807</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">126,361</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:354pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Policy benefit and losses, claims and loss expenses payable, net</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">24,137</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">15,493</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:354pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Unrealized losses</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">6,649</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:354pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Other</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">454</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:354pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Total deferred tax assets</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">180,405</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">151,583</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:354pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:354pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Deferred tax liabilities:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:354pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Property, plant and equipment</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">552,548</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">519,409</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:354pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Deferred policy acquisition costs</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">12,270</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">2,838</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:354pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Unrealized gains</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">9,245</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:354pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Other</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">328</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:354pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Total deferred tax liabilities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">574,063</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">522,575</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:354pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Net deferred tax liability</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">393,658</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">370,992</font></p>
                    </td>
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                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:45pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:45pt; border:none">
                    </td>
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            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">The net operating loss and credit carry-forwards in the above table are primarily attributable to $</font><font style="font-family:Arial; font-size:10pt">14.7</font><font style="font-family:Arial; font-size:10pt"> million of state net operating losses that will begin to expire March 31, 201</font><font style="font-family:Arial; font-size:10pt">4</font><font style="font-family:Arial; font-size:10pt"> if not utilized.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">ASC 740 prescribes a minimum recognition and measurement methodology that a tax position is required to meet before being recognized in the financial statements. The total amount of unrecognized tax benefits at April 1, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> was $</font><font style="font-family:Arial; font-size:10pt">11.8</font><font style="font-family:Arial; font-size:10pt"> million. This entire amount of unrecognized tax benefits if resolved in our favor, would favorably impact our effective tax rate. During the current year we recorded tax expense </font><font style="font-family:Arial; font-size:10pt">(</font><font style="font-family:Arial; font-size:10pt">net of settlements</font><font style="font-family:Arial; font-size:10pt">)</font><font style="font-family:Arial; font-size:10pt">, resulting from uncertain tax positions in the amount of $</font><font style="font-family:Arial; font-size:10pt">2.1 </font><font style="font-family:Arial; font-size:10pt">million. At March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, the amount of unrecognized tax benefits and the amount that would favorably affect our effective tax rate was $</font><font style="font-family:Arial; font-size:10pt">13.9</font><font style="font-family:Arial; font-size:10pt"> million.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">A reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period are as follows:</font></p>
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                <tr style="height:25.5pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:370.5pt">
                        <p style="margin:0pt"><a name="DOC_TBL00044_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:81.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Unrecognized Tax Benefits</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:370.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:81.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:370.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:81.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:370.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Unrecognized tax benefits as of March 31, 2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:81.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">11,780</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:370.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Additions based on tax positions related to the current year</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:81.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2,163</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:370.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Reductions for tax positions of prior years</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:81.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:370.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Settlements</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:81.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(81)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:370.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Unrecognized tax benefits as of March 31, 2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:81.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">13,862</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> recognize interest related to unrecognized tax benefits as interest expense, and penalties as operating expenses. At April 1, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">, the amount of interest and penalties accrued on unrecognized tax benefits was $</font><font style="font-family:Arial; font-size:10pt">4.0</font><font style="font-family:Arial; font-size:10pt"> million, net of tax. During the current year we recorded expense from interest in the amount of $</font><font style="font-family:Arial; font-size:10pt">0.3</font><font style="font-family:Arial; font-size:10pt"> million, net of tax. At March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, the amount of interest and penalties accrued on unrecognized tax benefits was </font><font style="font-family:Arial; font-size:10pt">$</font><font style="font-family:Arial; font-size:10pt">4.3</font><font style="font-family:Arial; font-size:10pt"> million, net of tax.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt"><font style="font-family:Arial; font-size:10pt">We file income tax returns in the U.S. federal jurisdiction, and various states and foreign jurisdictions. With some exceptions, we are no longer subject to audit for years prior to the fiscal year ended March 31, 2010.</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">No provision was made for U.S. taxes payable on undistributed foreign earnings since these amounts are permanently reinvested.</font><a name="_DMBM_335"></a><a name="EDGAR_PAGE_END85"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_357"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">27</font><a name="EDGAR_HF_F_END_358"></a></p>
            <br>
        </div>
        </div>
        <br style=" clear:both; mso-break-type:section-break" />
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_353"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_354"></a></p>
            <br>
        </div>
            <p style="margin:6pt 0pt"><a name="EDGAR_PAGE_START86"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note 1</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">5.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#160; Employee Benefit Plans</font></p>
            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Profit Sharing Plans</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> provide tax-qualified profit sharing retirement plans for the benefit of eligible employees, former employees and retirees in the U.S. and Canada. The plans are designed to provide employees with an accumulation of funds for retirement on a tax-deferred basis and provide for annual discretionary employer contributions. Amounts to be contributed are determined by the President and Chairman of the Board of the Company under the delegation of authority from the Board, pursuant to the terms of the Profit Sharing Plan. No contributions were made to the profit sharing plan during fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> or 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> also provide an employee savings plan which allows participants to defer income under Section 401(k) of the Internal Revenue Code of 1986.</font></p>
            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">ESOP Plan</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> sponsor a leveraged ESOP that generally covers all employees with one year or more of service. The ESOP shares initially were pledged as collateral for its debt which was originally funded by U-Haul. As the debt is repaid, shares are released from collateral and allocated to active employees, based on the proportion of debt service paid in the year. When shares are scheduled to be released from collateral, prorated over the year, </font><font style="font-family:Arial; font-size:10pt">we</font><font style="font-family:Arial; font-size:10pt"> report compensation expense equal to the current market price of the shares scheduled to be released, and the shares become outstanding for earnings per share computations. ESOP compensation expense was $</font><font style="font-family:Arial; font-size:10pt">5.0</font><font style="font-family:Arial; font-size:10pt"> million, $</font><font style="font-family:Arial; font-size:10pt">4.4</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">3.9</font><font style="font-family:Arial; font-size:10pt"> million for fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, respectively. Listed below is a summary of these financing arrangements as of fiscal year-end:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt"><a name="DOC_TBL00045_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:96pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Outstanding as of </font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Interest Payments</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Financing Date</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:96pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">March 31, 2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:61.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2011</font></p>
                    </td>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="7" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">June, 1991</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:96pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2,169</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:61.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">250</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">299</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">386</font></p>
                    </td>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">March, 1999</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:96pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:61.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">February, 2000</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:96pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:61.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">6</font></p>
                    </td>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">April, 2001</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:96pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:61.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">5</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">9</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">July, 2009</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:96pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">632</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:61.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">35</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">15</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:63.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">5</font></p>
                    </td>
                </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                    <td style="width:141pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:96pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:61.5pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:63pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:63.75pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Shares are released from collateral and allocated to active employees based on the proportion of debt service paid in the plan year. Contributions to the Plan Trust during fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt"> were $</font><font style="font-family:Arial; font-size:10pt">1.7</font><font style="font-family:Arial; font-size:10pt"> million, $2.</font><font style="font-family:Arial; font-size:10pt">0</font><font style="font-family:Arial; font-size:10pt"> million and $2.</font><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt"> million, respectively.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Shares held by the Plan were as follows:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:297.75pt">
                        <p style="margin:0pt"><a name="DOC_TBL00046_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Years Ended March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:297.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:297.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:297.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Allocated shares</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,374</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,372</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:297.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Unreleased shares</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">76</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">124</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:297.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Fair value of unreleased shares</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">13,218</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">12,841</font></p>
                    </td>
                </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                    <td style="width:297.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:71.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:71.25pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">T</font><font style="font-family:Arial; font-size:10pt">he fair value of unreleased shares issued prior to 1992 is defined as the historical cost of such shares. The fair value of unreleased shares issued subsequent to December 31, 1992 is defined as the trading value of such shares as of March 31, 20</font><font style="font-family:Arial; font-size:10pt">13</font><font style="font-family:Arial; font-size:10pt"> and March 31, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">, respectively.</font><a name="EDGAR_PAGE_END86"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_357"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">28</font><a name="EDGAR_HF_F_END_358"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_353"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_354"></a></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_PAGE_START87"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Post Retirement and Post Employment Benefits</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> provide medical and life insurance benefits to its eligible employees and their dependents upon retirement from the Company. The retirees must have attained age sixty-five and earned twenty years of full-time service upon retirement for coverage under the medical plan. The medical benefits are capped at a $20,000 lifetime maximum per covered person. The benefits are coordinated with Medicare and any other medical policies in force. Retirees who have attained age sixty-five and earned at least ten years of full-time service upon retirement from the Company are entitled to group term life insurance benefits. The life insurance benefit is $2,000 plus $100 for each year of employment over ten years. The plan is not funded and claims are paid as they are incurred. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> use a March 31 measurement date for </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> post retirement benefit disclosures. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The components of net periodic post retirement benefit cost were as follows:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt"><a name="DOC_TBL00047_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Years Ended March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2011</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Service cost for benefits earned during the period</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">622</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">515</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">462</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Interest cost on accumulated postretirement benefit</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">554</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">568</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">567</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Other components</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">4</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(16)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(39)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Net periodic postretirement benefit cost</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,180</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,067</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">990</font></p>
                    </td>
                </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                    <td style="width:291.75pt; border:none">
                    </td>
                    <td style="width:10.5pt; border:none">
                    </td>
                    <td style="width:42pt; border:none">
                    </td>
                    <td style="width:10.5pt; border:none">
                    </td>
                    <td style="width:46.5pt; border:none">
                    </td>
                    <td style="width:10.5pt; border:none">
                    </td>
                    <td style="width:65.25pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">The fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> and fiscal 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> post retirement benefit liability included the following components:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt"><a name="DOC_TBL00048_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Years Ended March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Beginning of year</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">12,493</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">11,103</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Service cost for benefits earned during the period</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">622</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">515</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Interest cost on accumulated post retirement benefit</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">554</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">568</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Net benefit payments and expense</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(271)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(369)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Actuarial loss</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">978</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">676</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Accumulated postretirement benefit obligation</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">14,376</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">12,493</font></p>
                    </td>
                </tr>
                <tr style="height:5.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Current liabilities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">493</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">503</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Non-current liabilities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">13,883</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">11,990</font></p>
                    </td>
                </tr>
                <tr style="height:5.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Total post retirement benefit liability recognized in statement of financial position</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">14,376</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">12,493</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Components included in accumulated other comprehensive income:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Unrecognized net gain</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">205</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,179</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Cumulative net periodic benefit cost (in excess of employer contribution)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">14,581</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">13,672</font></p>
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                    <td style="width:291.75pt; border:none">
                    </td>
                    <td style="width:10.5pt; border:none">
                    </td>
                    <td style="width:42pt; border:none">
                    </td>
                    <td style="width:10.5pt; border:none">
                    </td>
                    <td style="width:46.5pt; border:none">
                    </td>
                    <td style="width:10.5pt; border:none">
                    </td>
                    <td style="width:65.25pt; border:none">
                    </td>
                </tr><![endif]--></table>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_357"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">29</font><a name="EDGAR_HF_F_END_358"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_353"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_354"></a></p>
            <br>
        </div>
            <p style="margin:6pt 0pt; ; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START88"></a><font style="font-family:Arial; font-size:10pt">The discount rate assumptions in computing the information above were as follows:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="DOC_TBL00049_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Years Ended March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2011</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">(In percentages)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Accumulated postretirement benefit obligation</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">3.77%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">4.17%</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">5.00%</font></p>
                    </td>
                </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                    <td style="width:291.75pt; border:none">
                    </td>
                    <td style="width:10.5pt; border:none">
                    </td>
                    <td style="width:42pt; border:none">
                    </td>
                    <td style="width:10.5pt; border:none">
                    </td>
                    <td style="width:46.5pt; border:none">
                    </td>
                    <td style="width:10.5pt; border:none">
                    </td>
                    <td style="width:65.25pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">In December 2003, the Medicare Prescription Drug Improvement and Modernization Act of 2003 became law. Amounts shown </font><font style="font-family:Arial; font-size:10pt">on the previous page</font><font style="font-family:Arial; font-size:10pt"> include the effect of the subsidy. The discount rate represents the expected yield on a portfolio of high grade (AA to AAA rated or equivalent) fixed income investments with cash flow streams sufficient to satisfy benefit obligations under the plan when due. Fluctuations in the discount rate assumptions primarily reflect changes in U.S. interest rates. The assumed health care cost trend rate used to measure the accumulated postretirement benefit obligation as of the end of fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> was </font><font style="font-family:Arial; font-size:10pt">7.8</font><font style="font-family:Arial; font-size:10pt">% in the initial year and was projected to decline annually to an ultimate rate </font><font style="font-family:Arial; font-size:10pt">of </font><font style="font-family:Arial; font-size:10pt">4.5</font><font style="font-family:Arial; font-size:10pt">% in fiscal </font><font style="font-family:Arial; font-size:10pt">20</font><font style="font-family:Arial; font-size:10pt">29</font><font style="font-family:Arial; font-size:10pt">. The</font><font style="font-family:Arial; font-size:10pt"> assumed health care cost trend rate used to measure the accumulated postretirement benefit obligation as of the end of fiscal 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> (and used to measure the fiscal 20</font><font style="font-family:Arial; font-size:10pt">13</font><font style="font-family:Arial; font-size:10pt"> net periodic benefit cost) was </font><font style="font-family:Arial; font-size:10pt">8.1</font><font style="font-family:Arial; font-size:10pt">% in the initial year and was projected to decline annually to an ultimate rate </font><font style="font-family:Arial; font-size:10pt">of 4.5% in fiscal 20</font><font style="font-family:Arial; font-size:10pt">29</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">If the estimated health care cost trend rate assumptions were increased by one percent, the accumulated post retirement benefit obligation as of fiscal year-end would increase by $</font><font style="font-family:Arial; font-size:10pt">183,633</font><font style="font-family:Arial; font-size:10pt"> and the total of the service cost and interest cost components would increase by $</font><font style="font-family:Arial; font-size:10pt">15,182</font><font style="font-family:Arial; font-size:10pt">. A decrease in the estimated health care cost trend rate assumption of one percent would decrease the accumulated post retirement benefit obligation as of fiscal year-end by $</font><font style="font-family:Arial; font-size:10pt">205,342</font><font style="font-family:Arial; font-size:10pt"> and the total of the service cost and interest cost components would decrease by $</font><font style="font-family:Arial; font-size:10pt">17,098</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Post employment benefits provided by </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt">, other than</font><font style="font-family:Arial; font-size:10pt"> upon</font><font style="font-family:Arial; font-size:10pt"> retirement, are not material.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Future net benefit payments are expected as follows:</font></p>
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                <tr style="height:39.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt"><a name="DOC_TBL00050_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Future Net Benefit Payments</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Year-ended:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt 0pt 0pt 40pt"><font style="font-family:Arial; font-size:10pt">2014</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T28_BM58"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">493</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt 0pt 0pt 40pt"><font style="font-family:Arial; font-size:10pt">2015</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T28_BM59"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">580</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt 0pt 0pt 40pt"><font style="font-family:Arial; font-size:10pt">2016</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T28_BM60"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">682</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt 0pt 0pt 40pt"><font style="font-family:Arial; font-size:10pt">2017</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T28_BM61"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">807</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt 0pt 0pt 40pt"><font style="font-family:Arial; font-size:10pt">2018</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T28_BM62"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">940</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt 0pt 0pt 40pt"><font style="font-family:Arial; font-size:10pt">2019 through 2023</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T28_BM63"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">6,974</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:291.75pt">
                        <p style="margin:0pt 0pt 0pt 60pt"><font style="font-family:Arial; font-size:10pt">Total</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T28_BM64"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:10.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:65.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">10,476</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:6pt 0pt"><a name="_DMBM_336"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note 1</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">6.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#160; Fair Value Measurements</font></a></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Fair values of cash equivalents approximate carrying value due to the short period of time to maturity. Fair values of short term investments, investments available-for-sale, long term investments, mortgage loans and notes on real estate, and interest rate swap contracts are based on quoted market prices, dealer quotes or discounted cash flows. Fair values of trade receivables approximate their recorded value.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our</font><font style="font-family:Arial; font-size:10pt"> financial instruments that are exposed to concentrations of credit risk consist primarily of temporary cash investments, trade receivables, reinsurance recoverables and notes receivable. Limited credit risk exists on trade receivables due to the diversity of our customer base and their dispersion across broad geographic markets. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> place </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> temporary cash investments with financial institutions and limits the amount of credit exposure to any one financial institution.</font><a name="EDGAR_PAGE_END88"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_369"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">30</font><a name="EDGAR_HF_F_END_370"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_365"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_366"></a></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START89"></a><font style="font-family:Arial; font-size:10pt">We have</font><font style="font-family:Arial; font-size:10pt"> mortgage receivables, which potentially expose </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt"> to credit risk. The portfolio of notes is principally collateralized by </font><font style="font-family:Arial; font-size:10pt">self-</font><font style="font-family:Arial; font-size:10pt">storage facilities and commercial properties. </font><font style="font-family:Arial; font-size:10pt">We have</font><font style="font-family:Arial; font-size:10pt"> not experienced any material losses related to the notes from individual or groups of notes in any particular industry or geographic area. The estimated fair values were determined using the discounted cash flow method and using interest rates currently offered for similar loans to borrowers with similar credit ratings.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The carrying amount of long term debt and short term borrowings are estimated to approximate fair value as the actual interest rate is consistent with the rate estimated to be currently available for debt of similar term and remaining maturity.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Other investments including short term investments are substantially current or bear reasonable interest rates. As a result, the carrying values of these financial instruments approximate fair value.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">A</font><font style="font-family:Arial; font-size:10pt">ssets and liabilities </font><font style="font-family:Arial; font-size:10pt">are </font><font style="font-family:Arial; font-size:10pt">recorded at fair value on the condensed consolidated balance sheets </font><font style="font-family:Arial; font-size:10pt">and are</font><font style="font-family:Arial; font-size:10pt"> measured and classified based upon a three tiered approach to valuation. ASC 820</font><font style="font-family:Arial; font-size:10pt"> - </font><font style="font-family:Arial; font-size:10pt; font-style:italic">Fair Value Measurements and Disclosures</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">(&#8220;ASC 820&#8221;) </font><font style="font-family:Arial; font-size:10pt">requires that financial assets and liabilities recorded at fair value be classified and disclosed in one of the following three categories:</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;&#160; </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Level 2 &#8211; Quoted prices for identical or similar financial instruments in markets that are not considered to be active, or similar financial instruments for which all significant inputs are observable, either directly or indirectly, or inputs other than quoted prices that are observable, or inputs that are derived principally from or corroborated by observable market data through correlation or other means;</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Level 3 &#8211; Prices or valuations that require inputs that are both significant to the fair value measurement and are unobservable. These reflect management&#8217;s assumptions about the assumptions a market participant would use in pricing the asset or liability.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">A financial instrument&#8217;s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The following table represents the financial assets and liabilities on the condensed consolidated balance sheet at March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, that are subject to ASC 820 and the valuation approach applied to each of these items.</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:18.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:186pt">
                        <p style="margin:0pt; text-align:center"><a name="DOC_TBL00051_1_1"></a><font style="font-family:Arial; font-size:9pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Total</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Level 1</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Level 2</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:68.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Level 3</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:186pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td colspan="7" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:186pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Assets</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:68.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:186pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Short-term investments</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">434,175</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">434,175</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:68.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:186pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Fixed maturities - available for sale</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">1,032,215</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">951,598</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">79,437</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:68.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">1,180</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:186pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Preferred stock</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">24,212</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">24,212</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:68.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:186pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Common stock</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">38,911</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">38,911</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:68.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:186pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Derivatives</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">1,165</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">1,165</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:68.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:186pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:9pt">Total</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">1,530,678</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">1,448,896</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">80,602</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:68.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">1,180</font></p>
                    </td>
                </tr>
                <tr style="height:4.5pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:186pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:68.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:186pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:68.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:186pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Liabilities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:68.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:186pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Guaranteed residual values of TRAC leases</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:68.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:186pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Derivatives</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">51,550</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">51,550</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:68.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:186pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Other obligations</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:68.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
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                <tr style="height:12.75pt">
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:9pt">Total</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">51,550</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:76.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">51,550</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:68.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
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                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:54.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:76.5pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:71.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:68.25pt; border:none">
                    </td>
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            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our fair value measurements take place at the end of each quarter. At the end of the first quarter of fiscal 2013, we transferred $2.3 million of fixed maturities &#8211; available for sale from Level 1 to Level 2 due to a reduction in the pricing source available.</font><a name="EDGAR_PAGE_END89"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_369"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">31</font><a name="EDGAR_HF_F_END_370"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_365"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_366"></a></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START90"></a><font style="font-family:Arial; font-size:10pt">The following table</font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt"> represent the fair value measurements</font><font style="font-family:Arial; font-size:10pt"> for our assets </font><font style="font-family:Arial; font-size:10pt">at March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> using significant unobservable inputs (Level 3).</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><a name="_DMBM_337"></a><a name="DOC_TBL00052_1_1"></a><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Fixed Maturities - Asset Backed Securities</font></p>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:375pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(In thousands)</font></p>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:375pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Balance at March 31, 2012</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
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                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">1,205</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:375pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:375pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Fixed Maturities - Asset Backed Securities - redemption</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(43)</font></p>
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                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:375pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Fixed Maturities - Asset Backed Securities - gain (realized)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">18</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:375pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Balance at March 31, 2013</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">1,180</font></p>
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            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note 1</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">7.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#160; Reinsurance and Policy Benefits and Losses, Claims and Loss Expenses Payable</font></p>
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                <tr style="height:37.5pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><a name="DOC_TBL00053_1_1"></a><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Direct</font></p>
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Amount (a)</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Ceded to</font></p>
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Other</font></p>
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Companies</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Assumed</font></p>
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">from Other</font></p>
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Companies</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Net</font></p>
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Amount (a)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Percentage of</font></p>
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Amount</font></p>
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Assumed to Net</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                    <td colspan="9" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">(In thousands)</font></p>
                    </td>
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                <tr style="height:15pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Year ended December 31, 2012</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Life insurance in force</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">811,035</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">16,471</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">1,083,550</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">1,878,114</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">58%</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Premiums earned:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Life</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">52,751</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">2,685</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">13,640</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">63,706</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">21%</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Accident and health</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">106,266</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">454</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">3,409</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">109,221</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">3%</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Annuity</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">6,095</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">1,208</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">301</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">5,188</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">6%</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Property and casualty</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">31,537</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">2,805</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">34,342</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">8%</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Total</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">196,649</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">4,347</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">20,155</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">212,457</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
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                    <td style="vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T29_BM66"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T29_BM67"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T29_BM68"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                <tr style="height:15pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Year ended December 31, 2011</font></p>
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                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Life insurance in force</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">761,070</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">14,868</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">1,142,247</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">1,888,449</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">60%</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Premiums earned:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Life</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">63,396</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">6,909</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">94,982</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">151,469</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">63%</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Accident and health</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">115,599</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">503</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">3,635</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">118,731</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">3%</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Annuity</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">9,049</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">1,920</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">233</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">7,362</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">3%</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Property and casualty</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">30,145</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">2,486</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">32,631</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">8%</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Total</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">218,189</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">9,332</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">101,336</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">310,193</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T29_BM69"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T29_BM70"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T29_BM71"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T29_BM72"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:15pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Year ended December 31, 2010</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Life insurance in force</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">668,740</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">3,567</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">884,932</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">1,550,105</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">57%</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Premiums earned:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Life</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">77,721</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">37,300</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">115,021</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">32%</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Accident and health</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">88,441</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">575</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">3,815</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">91,681</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">4%</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Annuity</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">290</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">290</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">100%</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Property and casualty</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">28,179</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">68</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">2,593</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">30,704</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">8%</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:141pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">Total</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">194,341</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:59.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">643</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">43,998</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">237,696</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:78pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T29_BM73"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                    <td style="width:141pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:57pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:59.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:60pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:57pt; border:none">
                    </td>
                    <td style="width:9.75pt; border:none">
                    </td>
                    <td style="width:78pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt 0pt; text-indent:14.4pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Calibri; font-size:8pt"> (a)Balances are reported net of inter-segment transactions.&#160; </font><a name="EDGAR_PAGE_END90"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_369"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">32</font><a name="EDGAR_HF_F_END_370"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_365"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_366"></a></p>
            <br>
        </div>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_PAGE_START91"></a><font style="font-family:Arial; font-size:10pt">To the extent that a reinsurer is unable to meet its obligation under the related reinsurance agreements, Rep</font><font style="font-family:Arial; font-size:10pt">w</font><font style="font-family:Arial; font-size:10pt">est would remain liable for the unpaid losses and loss expenses. Pursuant to c</font><font style="font-family:Arial; font-size:10pt">ertain of these agreements, Repw</font><font style="font-family:Arial; font-size:10pt">est holds letters of credit at year end in the amount of $</font><font style="font-family:Arial; font-size:10pt">0.6</font><font style="font-family:Arial; font-size:10pt"> million from re-insurers and has issued letters of credit in the amount of $</font><font style="font-family:Arial; font-size:10pt">5.3</font><font style="font-family:Arial; font-size:10pt"> million in favor of certain ceding companies.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Policy benefits and losses, claims and loss expenses payable for </font><font style="font-family:Arial; font-size:10pt">our </font><font style="font-family:Arial; font-size:10pt">Property and Casualty</font><font style="font-family:Arial; font-size:10pt"> Insurance</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">operating segment </font><font style="font-family:Arial; font-size:10pt">were as follows:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:297pt">
                        <p style="margin:0pt"><a name="DOC_TBL00054_1_1"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:14.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Years Ended December 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:297pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:14.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:69pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2011</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:297pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:14.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:297pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Unpaid losses and loss adjustment expense</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:14.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:69pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">330,093</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">382,328</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:297pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Reinsurance losses payable</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:14.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:69pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">91</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">611</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:297pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Total </font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:14.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:69pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">330,184</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">382,939</font></p>
                    </td>
                </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                    <td style="width:297pt; border:none">
                    </td>
                    <td style="width:14.25pt; border:none">
                    </td>
                    <td style="width:69pt; border:none">
                    </td>
                    <td style="width:13.5pt; border:none">
                    </td>
                    <td style="width:67.5pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Activity in the liability for unpaid losses and loss adjustment expenses for </font><font style="font-family:Arial; font-size:10pt">our </font><font style="font-family:Arial; font-size:10pt">Property and Casualty</font><font style="font-family:Arial; font-size:10pt"> Insurance</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">operating segment </font><font style="font-family:Arial; font-size:10pt">is summarized as follows:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:289.5pt">
                        <p style="margin:0pt"><a name="DOC_TBL00055_1_1"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Years Ended December 31,</font></p>
                    </td>
                </tr>
                <tr style="height:14.1pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:289.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2011</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2010</font></p>
                    </td>
                </tr>
                <tr style="height:14.1pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:289.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:14.1pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:289.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Balance at January 1</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">382,328</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">276,355</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">271,677</font></p>
                    </td>
                </tr>
                <tr style="height:14.1pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:289.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Less: reinsurance recoverable</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">223,865</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">167,315</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">162,711</font></p>
                    </td>
                </tr>
                <tr style="height:14.1pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:289.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Net balance at January 1</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">158,463</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">109,040</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">108,966</font></p>
                    </td>
                </tr>
                <tr style="height:14.1pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:289.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Incurred related to:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:14.1pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:289.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Current year</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">8,962</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">9,297</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">9,453</font></p>
                    </td>
                </tr>
                <tr style="height:14.1pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:289.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Prior years</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">7,036</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">56,445</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">7,832</font></p>
                    </td>
                </tr>
                <tr style="height:14.1pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:289.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Total incurred</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">15,998</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">65,742</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">17,285</font></p>
                    </td>
                </tr>
                <tr style="height:14.1pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:289.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Paid related to:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:14.1pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:289.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Current year</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">4,405</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">5,049</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">4,971</font></p>
                    </td>
                </tr>
                <tr style="height:14.1pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:289.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Prior years</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">16,402</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">11,270</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">12,240</font></p>
                    </td>
                </tr>
                <tr style="height:14.1pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:289.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Total paid</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">20,807</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">16,319</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">17,211</font></p>
                    </td>
                </tr>
                <tr style="height:14.1pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:289.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Net balance at December 31</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">153,654</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">158,463</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">109,040</font></p>
                    </td>
                </tr>
                <tr style="height:14.1pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:289.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Plus: reinsurance recoverable</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">176,439</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">223,865</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">167,315</font></p>
                    </td>
                </tr>
                <tr style="height:14.1pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:289.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Balance at December 31</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">330,093</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">382,328</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">276,355</font></p>
                    </td>
                </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                    <td style="width:289.5pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:48.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:48.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:48.75pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The liability for incurred losses and loss adjustment expenses (net of reinsurance recoverable of $</font><font style="font-family:Arial; font-size:10pt">176.4</font><font style="font-family:Arial; font-size:10pt"> million) </font><font style="font-family:Arial; font-size:10pt">de</font><font style="font-family:Arial; font-size:10pt">creased by $</font><font style="font-family:Arial; font-size:10pt">4.8</font><font style="font-family:Arial; font-size:10pt"> million in 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt"> </font><a name="EDGAR_PAGE_END91"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_369"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">33</font><a name="EDGAR_HF_F_END_370"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_377"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_378"></a></p>
            <br>
        </div>
            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="_DMBM_338"></a><a name="EDGAR_PAGE_START92"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note 1</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">8.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#160; Contingent Liabilities and Commitments</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">We lease a portion of our</font><font style="font-family:Arial; font-size:10pt"> rental equipment and certain of </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> facilities under operating leases with terms that expire at various dates </font><font style="font-family:Arial; font-size:10pt">substantially </font><font style="font-family:Arial; font-size:10pt">through 201</font><font style="font-family:Arial; font-size:10pt">9</font><font style="font-family:Arial; font-size:10pt">. As of March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, AMERCO has guaranteed $</font><font style="font-family:Arial; font-size:10pt">117.9</font><font style="font-family:Arial; font-size:10pt"> million of residual values for these rental equipment assets at the end of the respective lease terms. Certain leases contain renewal and fair market value purchase options as well as mileage and other restrictions. At the expiration of the lease, </font><font style="font-family:Arial; font-size:10pt">we have</font><font style="font-family:Arial; font-size:10pt"> the option to renew the lease, purchase the asset for fair market value, or sell the asset to a third party on behalf of the lessor. AMERCO has been leasing equipment since 1987 and has experienced no material losses relating to these types of residual value guarantees. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Lease expenses were as follows:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><a name="DOC_TBL00056_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Years Ended March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2011</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2010</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Lease expense</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">117,448</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">131,215</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">150,809</font></p>
                    </td>
                </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                    <td style="width:237pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:66.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:66.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:66.75pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Lease commitments for leases having terms of more than one year were as follows:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:38.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><a name="DOC_TBL00057_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Property,</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Plant and</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Equipment</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Rental</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Equipment</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Total</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Year-ended March 31:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T30_BM74"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T30_BM75"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt 0pt 0pt 40pt"><font style="font-family:Arial; font-size:10pt">2014</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">13,691</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">83,667</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">97,358</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt 0pt 0pt 40pt"><font style="font-family:Arial; font-size:10pt">2015</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">3,121</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">60,216</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">63,337</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt 0pt 0pt 40pt"><font style="font-family:Arial; font-size:10pt">2016</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">940</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">32,455</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">33,395</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt 0pt 0pt 40pt"><font style="font-family:Arial; font-size:10pt">2017</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">838</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">14,530</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">15,368</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt 0pt 0pt 40pt"><font style="font-family:Arial; font-size:10pt">2018</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">663</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">11,061</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">11,724</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt 0pt 0pt 40pt"><font style="font-family:Arial; font-size:10pt">Thereafter</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">5,051</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">10,376</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">15,427</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt 0pt 0pt 60pt"><font style="font-family:Arial; font-size:10pt">Total</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">24,304</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">212,305</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">236,609</font></p>
                    </td>
                </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                    <td style="width:237pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:66.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:66.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:66.75pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:0pt"><a name="EDGAR_PAGE_END92"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_381"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">34</font><a name="EDGAR_HF_F_END_382"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_389"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_390"></a></p>
            <br>
        </div>
            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><a name="_DMBM_339"></a><a name="EDGAR_PAGE_START93"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">19.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#160; Contingencies</font></p>
            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Shoen</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">In September 2002, Paul F. Shoen filed a shareholder derivative lawsuit in the Second Judicial District Court of the State of Nevada, Washoe County, captioned </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Paul F. Shoen vs. SAC Holding Corporation et al</font><font style="font-family:Arial; font-size:10pt">., CV 02-05602, seeking damages and equitable relief on behalf of AMERCO from SAC Holdings and certain current and former members of the AMERCO Board of Directors, including Edward J. Shoen, Mark V. Shoen and James P. Shoen as Defendants. AMERCO is named as a nominal Defendant in the case. The complaint alleges breach of fiduciary duty, self-dealing, usurpation of corporate opportunities, wrongful interference with prospective economic advantage and unjust enrichment and seeks the unwinding of sales of </font><font style="font-family:Arial; font-size:10pt">self-storage</font><font style="font-family:Arial; font-size:10pt"> properties by subsidiaries of AMERCO to SAC prior to the filing of the complaint. The complaint seeks a declaration that such transfers are void as well as unspecified damages. In October 2002, the Defendants filed motions to dismiss the complaint. Also in October 2002, Ron Belec filed a derivative action in the Second Judicial District Court of the State of Nevada, Washoe County, captioned </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Ron Belec vs. William E. Carty, et al</font><font style="font-family:Arial; font-size:10pt">., CV 02-06331 and in January 2003, M.S. Management Company, Inc. filed a derivative action in the Second Judicial District Court of the State of Nevada, Washoe County, captioned </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">M.S. Management Company, Inc. vs. William E. Carty, et al</font><font style="font-family:Arial; font-size:10pt">., CV 03-00386. Two additional derivative suits were also filed against these parties. Each of these suits is substantially similar to the Paul F. Shoen case. The Court consolidated the five cases and thereafter dismissed these actions in May 2003, concluding that the AMERCO Board of Directors had the requisite level of independence required in order to have these claims resolved by the Board. Plaintiffs appealed this decision and, in July 2006, the Nevada Supreme Court reversed the ruling of the trial court and remanded the case to the trial court for proceedings consistent with its ruling, allowing the Plaintiffs to file an amended complaint and plead in addition to substantive claims, demand futility.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">In November 2006, the Plaintiffs filed an amended complaint. In December 2006, the Defendants filed motions to dismiss, based on various legal theories. In March 2007, the Court denied AMERCO&#8217;s motion to dismiss regarding the issue of demand futility, stating that &#8220;Plaintiffs have satisfied the heightened pleading requirements of demand futility by showing a majority of the members of the AMERCO Board of Directors were interested parties in the SAC transactions.&#8221; The Court heard oral argument on the remainder of the Defendants&#8217; motions to dismiss, including the motion (&#8220;Goldwasser Motion&#8221;) </font><font style="font-family:Arial; font-size:10pt">based on the fact that the subject matter of the lawsuit had been settled and dismissed in earlier litigation known as </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Goldwasser v. Shoen</font><font style="font-family:Arial; font-size:10pt">, C.V.N.-94-00810-ECR (D.Nev), Washoe County, Nevada</font><font style="font-family:Arial; font-size:10pt">. In addition, in September and October 2007, the Defendants filed Motions for Judgment on the Pleadings or in the Alternative Summary Judgment, based on the fact that the stockholders of the Company had ratified the underlying transactions at the 2007 annual meeting of stockholders of AMERCO. In December 2007, the Court denied this motion. This ruling does not preclude a renewed motion for summary judgment after discovery and further proceedings on these issues. </font><font style="font-family:Arial; font-size:10pt">On April 7, 2008, the litigation was dismissed, on the basis of the Goldwasser Motion. </font><font style="font-family:Arial; font-size:10pt">On May 8, 2008, the Plaintiffs filed a notice of appeal of such dismissal to the Nevada Supreme Court</font><font style="font-family:Arial; font-size:10pt"> (the &#8220;Court&#8221;)</font><font style="font-family:Arial; font-size:10pt">. On May 20, 2008, AMERCO filed a cross appeal relating to the denial of its Motion to Dismiss in regard to demand</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">futility.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">On May 12, 2011, the Nevada Supreme Court affirmed in part, reversed in part, and remanded the case for further proceedings.&#160; First, the Court ruled that the Goldwasser settlement did not release claims that arose after the agreement and, therefore, reversed the trial court&#8217;s dismissal of the Complaint on that ground. Second, the Court affirmed the district court&#8217;s determination that the in pari delicto defense is available in a derivative suit and reversed and remanded to the district court to determine if the defense applies to this matter.&#160; Third, the Court remanded to the district court to conduct an evidentiary hearing to determine whether demand upon the AMERCO Board was, in fact, futile.&#160; Fourth, the Court invited AMERCO to seek a ruling from the district court as to the legal effect of the AMERCO Shareholders&#8217;</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">2008 ratification of the underlying AMERCO/SAC transactions.&#160; </font><a name="EDGAR_PAGE_END93"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_393"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">35</font><a name="EDGAR_HF_F_END_394"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_389"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_390"></a></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_PAGE_START94"></a><font style="font-family:Arial; font-size:10pt">Last, as to individual claims for relief, the Court affirmed the district court&#8217;s dismissal of the breach of fiduciary duty of loyalty claims as to all defendants except Mark Shoen.&#160; The Court affirmed the district court&#8217;s dismissal of the breach of fiduciary duty: ultra vires Acts claim as to all defendants. The Court reversed the district court&#8217;s dismissal of aiding and abetting a breach of fiduciary duty and unjust enrichment claims against the SAC entities.&#160; The Court reversed the trial court&#8217;s dismissal of the claim for wrongful interference with prospective economic advantage as to all defendants.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">On remand, on July 22, 2011, AMERCO filed a Motion for Summary Judgment based upon the Shareholder&#8217;s Ratification of the SAC transactions. In addition, on August 29, 2011, certain defendants filed a Motion to Dismiss Plaintiffs&#8217; Claim for Wrongful Interference with Prospective Economic Advantage. On August 31, 2011, the trial court held a status conference and entered an order setting forth the briefing schedule for the two motions.</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">On December 23, 2011, the trial court denied AMERCO&#8217;s motion for summary judgment and certain defendants&#8217; motion to dismiss. The court set a discovery schedule on the limited issue of demand futility.&#160; A four day evidentiary hearing on demand futility was scheduled to begin on August 20, 2012.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">On August 6, 2012, Max Belec and Glenbrook Capital Limited Partnership, voluntarily dismissed their complaint with prejudice. On August 20, 2012, the remaining plaintiffs, Paul Shoen and Alan Kahn, dismissed their complaint with prejudice. AMERCO paid none of plaintiffs</font><font style="font-family:Arial; font-size:10pt">&#8217;</font><font style="font-family:Arial; font-size:10pt"> attorneys&#8217; fees or costs. In return, AMERCO released plaintiffs from further related litigation based on plaintiffs&#8217; conduct in this litigation. Moreover, Paul Shoen, Alan Kahn, Grover Wickersham and numerous individuals </font><font style="font-family:Arial; font-size:10pt">and entities </font><font style="font-family:Arial; font-size:10pt">related to Paul Shoen</font><font style="font-family:Arial; font-size:10pt"> and</font><font style="font-family:Arial; font-size:10pt"> Grover Wickersham agreed to sell all of their AMERCO securities in the open market and not sue AMERCO or any of the other defendants for 20 years. If the plaintiffs or the related parties breach this agreement, Paul </font><font style="font-family:Arial; font-size:10pt">Shoen will be responsible for </font><font style="font-family:Arial; font-size:10pt">$5</font><font style="font-family:Arial; font-size:10pt">,000,000 in</font><font style="font-family:Arial; font-size:10pt"> liquidated damages.</font><font style="font-family:Arial; font-size:10pt"> The parties filed a final Mutual Release Agreement with the Court on October 16, 2012, thereby terminating the case in its entirety, with prejudice.</font></p>
            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Environmental</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Compliance with environmental requirements of federal, state and local governments may significantly affect Real Estate&#8217;s business operations. Among other things, these requirements regulate the discharge of materials into the air, land and water and govern the use and disposal of hazardous substances. Real Estate is aware of issues regarding hazardous substances on some of its properties. Real Estate regularly makes capital and operating expenditures to stay in compliance with environmental laws and has put in place a remedial plan at each site where it believes such a plan is necessary. Since 1988, Real Estate has managed a testing and removal program for underground storage tanks.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Based upon the information currently available to Real Estate, compliance with the environmental laws and its share of the costs of investigation and cleanup of known hazardous waste sites are not expected to result in a material adverse effect on AMERCO&#8217;s financial position or results of operations. </font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Other</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We are named as a defendant in various other litigation and claims arising out of the normal course of business. In management&#8217;s opinion, none of these other matters will have a material effect on our financial position and results of operations.</font></p>
            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><a name="_DMBM_340"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note 2</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">0.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#160; Related Party Transactions</font></a></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">As set forth in the Audit Committee Charter and consistent with N</font><font style="font-family:Arial; font-size:10pt">ASDAQ</font><font style="font-family:Arial; font-size:10pt"> Listing Rules, the </font><font style="font-family:Arial; font-size:10pt">Company&#8217;s </font><font style="font-family:Arial; font-size:10pt">Audit Committee </font><font style="font-family:Arial; font-size:10pt">(the &#8220;Audit Committee&#8221;) </font><font style="font-family:Arial; font-size:10pt">reviews and maintains oversight over related party transactions which are required to be disclosed under the Securities and Exchange Commission (&#8220;SEC&#8221;) rules and regulations. Accordingly, all such related party transactions are submitted to the Audit Committee for ongoing review and oversight. </font><font style="font-family:Arial; font-size:10pt">Our</font><font style="font-family:Arial; font-size:10pt"> internal processes ensure that </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> legal and finance departments identify and monitor potential related party transactions which may require disclosure and Audit Committee oversight.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO has engaged in related party transactions and has continuing related party interests with certain major stockholders, directors and officers of the consolidated group as disclosed below. Management believes that the transactions described below and in the related notes were co</font><font style="font-family:Arial; font-size:10pt">mplet</font><font style="font-family:Arial; font-size:10pt">ed on terms </font><font style="font-family:Arial; font-size:10pt">substantially </font><font style="font-family:Arial; font-size:10pt">equivalent to those that would prevail in arm&#8217;s-length transactions.</font><a name="EDGAR_PAGE_END94"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_405"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">36</font><a name="EDGAR_HF_F_END_406"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_401"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_402"></a></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><a name="EDGAR_PAGE_START95"></a><font style="font-family:Arial; font-size:10pt">SAC Holdings was established in order to acquire self-storage properties. These properties are being managed by </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt"> pursuant to management agreements. </font><font style="font-family:Arial; font-size:10pt">In the past, we sold various </font><font style="font-family:Arial; font-size:10pt">self-storage properties to SAC Holdings</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">and such sales</font><font style="font-family:Arial; font-size:10pt"> provided significant cash flows to </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt">. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Management believes that the sale of self-storage properties to SAC Holdings has provided a unique structure for </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt"> to earn moving equipment rental revenues and property management fee revenues from the SAC Holdings self-storage properties that </font><font style="font-family:Arial; font-size:10pt">we</font><font style="font-family:Arial; font-size:10pt"> manage. </font></p>
            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Related Party Revenues</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:251.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><a name="DOC_TBL00058_1_1"></a><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Years Ended March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:251.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2011</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:251.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:251.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">U-Haul interest income revenue from SAC Holdings</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">8,373</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">19,364</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">19,163</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:251.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">U-Haul interest income revenue from Private Mini</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">5,383</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">5,431</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">5,451</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:251.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">U-Haul management fee revenue from SAC Holdings</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">18,732</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">18,306</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">16,873</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:251.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">U-Haul management fee revenue from Private Mini</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">2,305</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">2,226</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">2,174</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:251.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">U-Haul management fee revenue from Mercury</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">3,342</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">2,734</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">3,085</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:251.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">38,135</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">48,061</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">46,746</font></p>
                    </td>
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                    <td style="width:251.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:75.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:75.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:75.75pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">During fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, subsidiaries of the Company held various junior unsecured notes of SAC Holdings. Substantially all of the equity interest of SAC Holdings is controlled by Blackwater Investments, Inc. (&#8220;Blackwater&#8221;). Blackwater is wholly-owned by Mark V. Shoen, a significant shareholder of AMERCO. </font><font style="font-family:Arial; font-size:10pt">We do</font><font style="font-family:Arial; font-size:10pt"> not have an equity ownership interest in SAC Holdings. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> received cash interest payments of $</font><font style="font-family:Arial; font-size:10pt">12.6</font><font style="font-family:Arial; font-size:10pt"> million, $</font><font style="font-family:Arial; font-size:10pt">17.8</font><font style="font-family:Arial; font-size:10pt"> million and $1</font><font style="font-family:Arial; font-size:10pt">5.8</font><font style="font-family:Arial; font-size:10pt"> million, from SAC Holdings during fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, respectively. The largest aggregate amount of notes receivable outstanding during fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> was $19</font><font style="font-family:Arial; font-size:10pt">5.4</font><font style="font-family:Arial; font-size:10pt"> million and the aggregate notes receivable balance at March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> was $</font><font style="font-family:Arial; font-size:10pt">72.4</font><font style="font-family:Arial; font-size:10pt"> million. In accordance with the terms of these notes, SAC Holdings may prepay the notes without penalty or premium at any time. The scheduled maturities of these notes are between 201</font><font style="font-family:Arial; font-size:10pt">7</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">19</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">During the first quarter of fiscal 2013, we received $127.3 million in repayments on the notes and interest receivables.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">During fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, AMERCO and U-Haul held various junior notes </font><font style="font-family:Arial; font-size:10pt">issued by</font><font style="font-family:Arial; font-size:10pt"> Private Mini Storage Realty, L.P. (&#8220;Private Mini&#8221;). The equity interests of Private Mini are ultimately controlled by Blackwater. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> received cash interest payments of $</font><font style="font-family:Arial; font-size:10pt">5.4</font><font style="font-family:Arial; font-size:10pt"> million, $5.</font><font style="font-family:Arial; font-size:10pt">4</font><font style="font-family:Arial; font-size:10pt"> million and $5.</font><font style="font-family:Arial; font-size:10pt">5</font><font style="font-family:Arial; font-size:10pt"> million, from Private Mini during fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, respectively. The largest aggregate amount outstanding during fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> was $</font><font style="font-family:Arial; font-size:10pt">66.3</font><font style="font-family:Arial; font-size:10pt"> million</font><font style="font-family:Arial; font-size:10pt"> and the</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">aggregate notes </font><font style="font-family:Arial; font-size:10pt">receivable</font><font style="font-family:Arial; font-size:10pt"> balance</font><font style="font-family:Arial; font-size:10pt"> at March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> was $</font><font style="font-family:Arial; font-size:10pt">65.9</font><font style="font-family:Arial; font-size:10pt"> million.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> currently manage the self-storage properties owned or leased by SAC Holdings, Mercury Partners, L.P. (&#8220;Mercury&#8221;), Four SAC Self-Storage Corporation (&#8220;4 SAC&#8221;), Five SAC Self-Storage Corporation (&#8220;5 SAC&#8221;), Galaxy Investments, L.P. (&#8220;Galaxy&#8221;) and Private Mini pursuant to a standard form of management agreement, under which </font><font style="font-family:Arial; font-size:10pt">we</font><font style="font-family:Arial; font-size:10pt"> receive a management fee of between 4% and 10% of the gross receipts plus reimbursement for certain expenses. </font><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> received management fees, exclusive of reimbursed expenses, of $</font><font style="font-family:Arial; font-size:10pt">23.7</font><font style="font-family:Arial; font-size:10pt"> million, $2</font><font style="font-family:Arial; font-size:10pt">2.5</font><font style="font-family:Arial; font-size:10pt"> million and $2</font><font style="font-family:Arial; font-size:10pt">2.0</font><font style="font-family:Arial; font-size:10pt"> million from the above mentioned entities during fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, respectively. This management fee is consistent with the fee received for other properties </font><font style="font-family:Arial; font-size:10pt">we</font><font style="font-family:Arial; font-size:10pt"> previously managed for third parties. SAC Holdings, 4 SAC, 5 SAC, Galaxy and Private Mini are substantially controlled by Blackwater. Mercury is substantially controlled by Mark V. Shoen.&#160; </font><font style="font-family:Arial; font-size:10pt">James P. Shoen, a significant </font><font style="font-family:Arial; font-size:10pt">stock</font><font style="font-family:Arial; font-size:10pt">holder and director of AMERCO</font><font style="font-family:Arial; font-size:10pt"> and an estate planning trust benefitting the Shoen children</font><font style="font-family:Arial; font-size:10pt"> ha</font><font style="font-family:Arial; font-size:10pt">ve</font><font style="font-family:Arial; font-size:10pt"> an interest in Mercury</font><font style="font-family:Arial; font-size:10pt">.</font><a name="EDGAR_PAGE_END95"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_405"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">37</font><a name="EDGAR_HF_F_END_406"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_401"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_402"></a></p>
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            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START96"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Related Party Costs and Expenses</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><a name="DOC_TBL00059_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td colspan="5" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Years Ended March 31,</font></p>
                    </td>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2011</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">U-Haul lease expenses to SAC Holdings</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">2,626</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">2,430</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">2,491</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">U-Haul commission expenses to SAC Holdings</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">41,185</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">39,167</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">34,858</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">U-Haul commission expenses to Private Mini</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">2,650</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">2,523</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">2,399</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">46,461</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">44,120</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">39,748</font></p>
                    </td>
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                    <td style="width:233.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:75.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:75.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:75.75pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> lease space for marketing company offices, vehicle repair shops and hitch installation centers from subsidiaries of SAC Holdings, 5 SAC and Galaxy. The terms of the leases are similar to the terms of leases for other properties owned by unrelated parties that are leased to </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">At March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, subsidiaries of SAC Holdings, 4 SAC, 5 SAC, Galaxy and Private Mini acted as U-Haul independent dealers. The financial and other terms of the dealership contracts with the aforementioned companies and their subsidiaries are substantially identical to the terms of those with </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> other independent dealers whereby commissions are paid by </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt"> based upon equipment rental revenue. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">These agreements and notes with subsidiaries of SAC Holdings, 4 SAC, 5 SAC, Galaxy and Private Mini, excluding </font><font style="font-family:Arial; font-size:10pt">D</font><font style="font-family:Arial; font-size:10pt">ealer </font><font style="font-family:Arial; font-size:10pt">A</font><font style="font-family:Arial; font-size:10pt">greements, provided revenues of $</font><font style="font-family:Arial; font-size:10pt">34.8</font><font style="font-family:Arial; font-size:10pt"> million, expenses of $</font><font style="font-family:Arial; font-size:10pt">2.6</font><font style="font-family:Arial; font-size:10pt"> million and cash flows of $</font><font style="font-family:Arial; font-size:10pt">159.6</font><font style="font-family:Arial; font-size:10pt"> million during fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">. Revenues and commission expenses related to the Dealer Agreements were $</font><font style="font-family:Arial; font-size:10pt">200.3</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">43.8</font><font style="font-family:Arial; font-size:10pt"> million, respectively for fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Pursuant to the variable interest entity model under ASC 810 &#8211; </font><font style="font-family:Arial; font-size:10pt; font-style:italic">Consolidation</font><font style="font-family:Arial; font-size:10pt"> (&#8220;ASC 810&#8221;)</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> Management determined that the junior notes of SAC Holdings and Private Mini </font><font style="font-family:Arial; font-size:10pt">as well as</font><font style="font-family:Arial; font-size:10pt"> the management agreements with SAC Holdings, Mercury, 4 SAC, 5 SAC, Galaxy, and Private Mini represent potential variable interests for us. Management evaluated whether it should be identified as the primary beneficiary of one or more of these VIE&#8217;s using a two step approach in which management (i) identified all other parties that hold interests in the VIE&#8217;s, and (ii) determined if any variable interest holder has the power to direct the activities of the VIE&#8217;s that most significantly impact their economic performance.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Management determined that they do not have a variable interest in the holding entities Mercury, 4 SAC,</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">5 SAC, or Galaxy </font><font style="font-family:Arial; font-size:10pt">based upon</font><font style="font-family:Arial; font-size:10pt"> management agreements which are with the individual operating entities or through the issuance of junior debt therefore</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">we are</font><font style="font-family:Arial; font-size:10pt"> precluded from consolidating these entities. </font><font style="font-family:Arial; font-size:10pt">Additionally, after a redetermination caused by the SAC Holding II repayment of the outstanding principal on its junior notes with AMERCO during the first quarter of fiscal 2013, Management has determined that the Company does not have a variable interest in the SAC Holding II holding entity.</font><font style="font-family:Arial; font-size:10pt"> </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We have</font><font style="font-family:Arial; font-size:10pt"> junior debt with the holding entities SAC Holding Corporation and Private Mini which represents a variable interest in each individual entity. Though </font><font style="font-family:Arial; font-size:10pt">we have</font><font style="font-family:Arial; font-size:10pt"> certain protective rights within these debt agreements, </font><font style="font-family:Arial; font-size:10pt">we have</font><font style="font-family:Arial; font-size:10pt"> no present influence or control over these holding entities unless their protective rights become exercisable, which management considers unlikely based on their payment history. As a result, </font><font style="font-family:Arial; font-size:10pt">we have</font><font style="font-family:Arial; font-size:10pt"> no basis under ASC 810 to consolidate these entities.</font><a name="EDGAR_PAGE_END96"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_405"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">38</font><a name="EDGAR_HF_F_END_406"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_401"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_402"></a></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_PAGE_START97"></a><font style="font-family:Arial; font-size:10pt">We</font><font style="font-family:Arial; font-size:10pt"> do not have the power to direct the activities that most significantly impact the economic performance of the individual operating entities which have management agreements with U-Haul. </font><font style="font-family:Arial; font-size:10pt">There are no fees or penalties disclosed in the management agreement for termination of the agreement. </font><font style="font-family:Arial; font-size:10pt">Through control of the holding entities assets, and its ability and history of making key decisions relating to the entity and its assets, Blackwater, and its owner, are the variable interest holder with the power to direct the activities that most significantly impact each of the individual holding entities and the individual operating entities&#8217; performance.&#160; As a result, </font><font style="font-family:Arial; font-size:10pt">we have</font><font style="font-family:Arial; font-size:10pt"> no basis under ASC 810 to consolidate these entities.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">We have</font><font style="font-family:Arial; font-size:10pt"> not provided financial or other support explicitly or implicitly during </font><font style="font-family:Arial; font-size:10pt">the fiscal year</font><font style="font-family:Arial; font-size:10pt"> ended </font><font style="font-family:Arial; font-size:10pt">March</font><font style="font-family:Arial; font-size:10pt"> 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> to any of these entities that it was not previously contractually required to provide. </font><font style="font-family:Arial; font-size:10pt">In addition, we currently have no plan to provide any financial support to any of these entities in the future. </font><font style="font-family:Arial; font-size:10pt">The carrying amount and classification of the assets and liabilities in </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> balance sheet</font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt"> that relate to </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> variable interests in the aforementioned entities are as follows, which approximate the maximum exposure to loss as a result of </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> involvement with these entities:</font></p>
            <p style="margin:0pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Related Party Assets</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">March 31,</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">U-Haul notes, receivables and interest from Private Mini</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">68,593</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">68,798</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">U-Haul notes receivable from SAC Holdings</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">72,397</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">195,426</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">U-Haul interest receivable from SAC Holdings </font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">14,483</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">18,667</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">U-Haul receivable from SAC Holdings </font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">22,336</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">30,297</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">U-Haul receivable from Mercury</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">3,640</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">3,195</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Other (a)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">586</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(226)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:300pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">182,035</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">316,157</font></p>
                    </td>
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                    <td style="width:300pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:71.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:71.25pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt 0pt; text-indent:14.4pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Calibri; font-size:8pt"> (a</font><font style="font-family:Calibri; font-size:8pt">) </font><font style="font-family:Calibri; font-size:8pt">Timing differences for intercompany balances with insurance subsidiaries.</font><a name="EDGAR_PAGE_END97"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_405"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">39</font><a name="EDGAR_HF_F_END_406"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_413"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_414"></a></p>
            <br>
        </div>
            <p style="margin:12pt 0pt 6pt; page-break-inside:avoid; page-break-after:avoid"><a name="_DMBM_341"></a><a name="EDGAR_PAGE_START98"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note 2</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">1. </font><font style="font-family:Arial; font-size:10pt; font-weight:bold"> Statutory Financial Information of Insurance Subsidiaries</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Applicable laws and regulations of the State of Arizona require Property and Casualty Insurance and Life Insurance to maintain minimum capital and surplus determined in accordance with statutory accounting principles. Audited statutory net income (loss) and statutory capital and surplus for the years ended are listed below:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><a name="DOC_TBL00061_1_1"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Years Ended December 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2011</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2010</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Repwest:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Audited statutory net income (loss)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">16,923</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(37,417)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">6,946</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Audited statutory capital and surplus</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">94,284</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">77,285</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">125,102</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">ARCOA:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T31_BM76"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T31_BM77"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T31_BM78"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Audited statutory net income (loss)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(1,881)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(362)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(773)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Audited statutory capital and surplus</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">2,201</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">2,469</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">2,769</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Oxford:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T31_BM79"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T31_BM80"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T31_BM81"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Audited statutory net income</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">13,936</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">1,677</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">4,640</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Audited statutory capital and surplus</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">131,920</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">129,445</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">129,173</font></p>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">CFLIC:</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T31_BM82"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T31_BM83"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T31_BM84"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Audited statutory net income</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">8,734</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">8,513</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">4,347</font></p>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Audited statutory capital and surplus</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">28,042</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">36,200</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">32,799</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">NAI:</font></p>
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                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T31_BM85"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T31_BM86"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T31_BM87"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Audited statutory net income (loss)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(1,962)</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(4,151)</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(857)</font></p>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Audited statutory capital and surplus</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">9,804</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">11,564</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">11,265</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">DGLIC:*</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T31_BM88"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T31_BM89"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T31_BM90"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Audited statutory net income</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">1,828</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">796</font></p>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:233.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Audited statutory capital and surplus</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
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                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">7,276</font></p>
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            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">* Merged with CFLIC on December 31, 2012.</font></p>
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        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_417"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">40</font><a name="EDGAR_HF_F_END_418"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_425"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_426"></a></p>
            <br>
        </div>
            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><a name="_DMBM_342"></a><a name="EDGAR_PAGE_START99"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note 2</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">2.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#160; Financial Information by Geographic Area</font></p>
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">United States</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Canada</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Consolidated</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(All amounts are in thousands U.S. $'s)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Fiscal Year Ended March 31, 2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T32_BM91"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T32_BM92"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T32_BM93"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Total revenues</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">2,409,291</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">149,296</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">2,558,587</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Depreciation and amortization, net of (gains) losses on disposal</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">247,413</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">7,959</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">255,372</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Interest expense</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">90,137</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">559</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">90,696</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Pretax earnings </font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">389,342</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">19,145</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">408,487</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Income tax expense</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">138,911</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">4,868</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">143,779</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Identifiable assets</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">5,160,889</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">145,712</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">5,306,601</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T32_BM94"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T32_BM95"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T32_BM96"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">United States</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Canada</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Consolidated</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(All amounts are in thousands U.S. $'s)</font></p>
                    </td>
                </tr>
                <tr style="height:15pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Fiscal Year Ended March 31, 2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T32_BM97"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T32_BM98"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T32_BM99"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Total revenues</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">2,364,560</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">147,467</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">2,512,027</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Depreciation and amortization, net of (gains) losses on disposal</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">214,800</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">7,892</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">222,692</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Interest expense</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">89,730</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">641</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">90,371</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Pretax earnings </font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">302,748</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">22,888</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">325,636</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Income tax expense</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">114,050</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">6,219</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">120,269</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Identifiable assets</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">4,518,772</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">135,279</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">4,654,051</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T32_BM100"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T32_BM101"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T32_BM102"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">United States</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Canada</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Consolidated</font></p>
                    </td>
                </tr>
                <tr style="height:15pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">(All amounts are in thousands U.S. $'s)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Fiscal Year Ended March 31, 2011</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T32_BM103"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T32_BM104"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_DEC_TAB_VALUE_T32_BM105"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Total revenues</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">2,120,597</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">130,762</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">2,251,359</font></p>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Depreciation and amortization, net of (gains) losses on disposal</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">192,328</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">6,432</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">198,760</font></p>
                    </td>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Interest expense</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">87,717</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">664</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">88,381</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Pretax earnings </font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">270,695</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">18,619</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">289,314</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Income tax expense</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">100,212</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">5,527</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">105,739</font></p>
                    </td>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:288.75pt">
                        <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Identifiable assets</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:74.25pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">4,061,648</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">129,785</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:75.75pt">
                        <p style="margin:0pt; text-align:right; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">4,191,433</font></p>
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                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
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                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
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                    </td>
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            <p style="margin:6pt 0pt; page-break-inside:avoid; page-break-after:avoid"><a name="_DMBM_362"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note 2</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">2</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">A</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#160; Consolidating Financial Information by Industry Segment</font></a></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">AMERCO&#8217;s three reportable segments are:</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-21.6pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Moving and Storage, comprised of AMERCO, U-Haul, and Real Estate and the subsidiaries of U-Haul and Real Estate,</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-21.6pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Property and Casualty Insurance, comprised of Rep</font><font style="font-family:Arial; font-size:10pt">w</font><font style="font-family:Arial; font-size:10pt">est and its subsidiaries and ARCOA,</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-21.6pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Life Insurance, comprised of Oxford and its subsidiaries</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Management tracks revenues separately, but does not report any separate measure of the profitability for rental vehicles, rentals of self-storage spaces and sales of products that are required to be classified as a separate operating segment and accordingly does not present these as separate reportable segments. Deferred income taxes are shown as liabilities on the condensed consolidating statements.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">The information includes elimination entries necessary to consolidate AMERCO, the parent, with its subsidiaries.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">Investments in subsidiaries are accounted for by the parent using the equity method of accounting. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><a name="EDGAR_PAGE_END99"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_441"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">41</font><a name="EDGAR_HF_F_END_442"></a></p>
            <br>
        </div>
        </div>
        <br style=" clear:both; mso-break-type:section-break" />
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_437"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_438"></a></p>
            <br>
        </div>
            <p style="margin:6pt 0pt"><a name="EDGAR_PAGE_START100"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note 2</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">2</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">A</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold"> Financial Information by Consolidating Industry Segment:</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Consolidating balance sheets by industry segment as of March</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> are as follows:</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; text-decoration:underline">AMERCO Legal Group</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Eliminations</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Consolidated </font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Property &amp; Casualty Insurance (a) </font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Life </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Insurance (a)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Eliminations</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">AMERCO</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Consolidated</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:190.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td colspan="19" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:190.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Assets:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td colspan="19" style="vertical-align:bottom">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM106"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:190.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Cash and cash equivalents</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">327,119</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">98,926</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,515</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM107"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">427,560</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">14,120</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">22,064</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM108"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">463,744</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:190.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Reinsurance recoverables and trade receivables, net</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">43,259</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM109"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">43,259</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">186,010</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">32,520</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM110"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">261,789</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:190.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Inventories, net</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">56,396</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM111"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">56,396</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM112"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">56,396</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:190.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Prepaid expenses</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">22,475</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">34,956</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">20</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM113"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">57,451</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM114"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">57,451</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:190.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Investments, fixed maturities and marketable equities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">21,228</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM115"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">21,228</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">160,455</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">913,655</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM116"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,095,338</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:190.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Investments, other</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">100</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">50,553</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM117"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">50,653</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">65,212</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">125,900</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM118"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">241,765</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:190.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Deferred policy acquisition costs, net</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM119"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">93,043</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM120"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">93,043</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:190.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Other assets</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">118</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">69,671</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">28,828</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM121"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">98,617</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,212</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">157</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM122"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">99,986</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:190.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Related party assets</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,032,124</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">127,751</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(975,683)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(c)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">184,201</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">8,846</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">514</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(11,526)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(c)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">182,035</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:190.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,403,064</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">431,059</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">80,925</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(975,683)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">939,365</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">435,855</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,187,853</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(11,526)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,551,547</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:190.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
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                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:190.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Investment in subsidiaries</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">240,080</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(539)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">140,100</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">379,641</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(379,641)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:190.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
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                    <td style="vertical-align:bottom; width:15.75pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,197,875</font></p>
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                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:190.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Furniture and equipment</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">136</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">292,621</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">18,385</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">311,142</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    </td>
                    <td style="vertical-align:bottom; width:15pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">311,142</font></p>
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                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:190.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Rental trailers and other rental equipment</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">317,476</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    </td>
                    <td style="vertical-align:bottom; width:15.75pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">317,476</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,154,688</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:190.5pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,030,259</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,284,014</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,314,409</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,314,409</font></p>
                    </td>
                </tr>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(116)</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,559,355)</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,559,355)</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:190.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Total property, plant and equipment</font></p>
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">20</font></p>
                    </td>
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,844,463</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">910,571</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM141"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,755,054</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM142"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,755,054</font></p>
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                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:190.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Total assets</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,643,164</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,274,983</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">991,496</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(835,583)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM143"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,074,060</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">435,855</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,187,853</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(391,167)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM144"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5,306,601</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:190.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM145"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM146"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM147"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM148"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM149"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:51.75pt">
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                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T33_BM153"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:190.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(a)&#160; Balances as of December 31, 2012</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:190.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(b) Eliminate investment in subsidiaries</font></p>
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                <tr style="height:9pt">
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(c) Eliminate intercompany receivables and payables</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_441"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">42</font><a name="EDGAR_HF_F_END_442"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_437"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_438"></a></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; ; text-align:justify"><a name="EDGAR_PAGE_START101"></a><font style="font-family:Arial; font-size:10pt">Consolidating balance sheets by industry segment as of March</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> are as follows:</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; text-decoration:underline">Moving &amp; Storage</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:18pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; text-decoration:underline">AMERCO Legal Group</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:19.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
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                <tr style="height:27pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">AMERCO</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Eliminations</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:18pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Moving &amp; Storage</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Consolidated </font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Property &amp; Casualty Insurance (a) </font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Life </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Insurance (a)</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Eliminations</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:19.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">AMERCO</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Consolidated</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td colspan="19" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Liabilities:</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM155"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM156"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM157"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM158"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM159"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM160"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM161"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:19.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Accounts payable and accrued expenses</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">110</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">345,864</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,378</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM162"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">350,352</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">8,139</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
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                    <td style="vertical-align:bottom; width:19.5pt">
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">358,491</font></p>
                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Notes, loans and leases payable</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">881,766</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">780,079</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM164"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,661,845</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:19.5pt">
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,661,845</font></p>
                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Policy benefits and losses, claims and loss expenses payable</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">380,824</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM166"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">380,824</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">330,184</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">404,040</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:19.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,115,048</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Liabilities from investment contracts</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">510,789</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:19.5pt">
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">510,789</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Other policyholders' funds and liabilities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM169"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,157</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,137</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:19.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM170"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">7,294</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Deferred income</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">30,217</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM171"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">30,217</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:19.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM172"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">30,217</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Deferred income taxes</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">412,089</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM173"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">412,089</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(36,241)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">17,810</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:19.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM174"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">393,658</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Related party liabilities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">637,909</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">347,248</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(975,683)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM175"></a><font style="font-family:Arial; font-size:7pt">(c)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9,474</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,844</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">208</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(11,526)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:19.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM176"></a><font style="font-family:Arial; font-size:7pt">(c)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Total liabilities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">412,199</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,276,580</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,131,705</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(975,683)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM177"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,844,801</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">298,944</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">945,123</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(11,526)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:19.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM178"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,077,342</font></p>
                    </td>
                </tr>
                <tr style="height:3.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM179"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:19.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM190"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Common stock</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10,497</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(2)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM191"></a><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10,497</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,301</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,500</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(5,801)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:19.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM192"></a><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10,497</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Additional paid-in capital</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">438,378</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">121,230</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">147,941</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(269,171)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM193"></a><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">438,378</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">91,120</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">26,271</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(117,601)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:19.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM194"></a><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">438,168</font></p>
                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Accumulated other comprehensive income (loss)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(22,680)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(62,325)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">62,325</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM195"></a><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(22,680)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,568</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">37,567</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(42,135)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:19.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM196"></a><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(22,680)</font></p>
                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Retained earnings (deficit)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,482,420</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(58,797)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(288,151)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">346,948</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM197"></a><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,482,420</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">37,922</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">176,392</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(214,104)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:19.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM198"></a><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,482,630</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Cost of common shares in treasury, net</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(525,653)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:19.5pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,706)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Total stockholders' equity (deficit)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,230,965</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,597)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(140,209)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">140,100</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM205"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,229,259</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">136,911</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">242,730</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(379,641)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:19.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM206"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,229,259</font></p>
                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Total liabilities and stockholders' equity </font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,643,164</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,274,983</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:43.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">991,496</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(835,583)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T34_BM207"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,074,060</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">435,855</font></p>
                    </td>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(c) Eliminate intercompany receivables and payables</font></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_441"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">43</font><a name="EDGAR_HF_F_END_442"></a></p>
            <br>
        </div>
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            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_437"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_438"></a></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; ; text-align:justify"><a name="EDGAR_PAGE_START102"></a><font style="font-family:Arial; font-size:10pt">Consolidating balance sheets by industry segment as of March 31, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> are as follows:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:191.25pt">
                        <p style="margin:0pt"><a name="DOC_TBL00065_1_1"></a><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td colspan="7" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; text-decoration:underline">Moving &amp; Storage</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:18pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; text-decoration:underline">AMERCO Legal Group</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:18pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:35.1pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:191.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">AMERCO</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">U-Haul</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Real Estate</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Eliminations</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:18pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Moving &amp; Storage</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Consolidated </font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Property &amp; Casualty Insurance (a) </font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Life </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Insurance (a)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Eliminations</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:18pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">AMERCO</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Consolidated</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:191.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td colspan="19" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:191.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Assets:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td colspan="19" style="vertical-align:bottom">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM209"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:191.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Cash and cash equivalents</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">201,502</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">106,951</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">775</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM210"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">309,228</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">22,542</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">25,410</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM211"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">357,180</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:191.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Reinsurance recoverables and trade receivables, net</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">37,103</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM212"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">37,103</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">231,211</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">29,660</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM213"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">297,974</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:191.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Inventories, net</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">58,735</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM214"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">58,735</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM215"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">58,735</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:191.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Prepaid expenses</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9,496</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">32,051</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">311</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM216"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">41,858</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM217"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">41,858</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:191.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Investments, fixed maturities and marketable equities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">17,028</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM218"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">17,028</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">132,270</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">617,494</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM219"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">766,792</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:191.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Investments, other</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9,880</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">42,453</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM220"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">52,333</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">74,757</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">131,461</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM221"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">258,551</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:191.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Deferred policy acquisition costs, net</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM222"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">63,914</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM223"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">63,914</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:191.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Other assets</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">483</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">91,761</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">26,571</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM224"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">118,815</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,507</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">203</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM225"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">120,525</font></p>
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                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:191.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Related party assets</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,201,385</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">261,341</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,144,545)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM226"></a><font style="font-family:Arial; font-size:7pt">(c)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">318,190</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">7,542</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">482</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(10,057)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM227"></a><font style="font-family:Arial; font-size:7pt">(c)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">316,157</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:191.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,429,894</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">597,822</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">70,119</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,144,545)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM228"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">953,290</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">469,829</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">868,624</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(10,057)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM229"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,281,686</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:191.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM231"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
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                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:191.25pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">8,168</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">331,461</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM232"></a><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                </tr>
                <tr style="height:9.95pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">162,351</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">924,768</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,087,119</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,087,119</font></p>
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                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:191.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Furniture and equipment</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">138</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">289,601</font></p>
                    </td>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM251"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,415,457)</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:191.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Total property, plant and equipment</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">23</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,574,099</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">798,243</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM252"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,372,365</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM253"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,372,365</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:191.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Total assets</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,438,085</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,171,921</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">868,362</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(813,084)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM254"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,665,284</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">469,829</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">868,624</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(349,686)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM255"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,654,051</font></p>
                    </td>
                </tr>
                <tr style="height:3.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:191.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM256"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM257"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM258"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM259"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM260"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM261"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM262"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM263"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM264"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T35_BM265"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:191.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(a)&#160; Balances as of December 31, 2011</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:18pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:18pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
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                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:191.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(b) Eliminate investment in subsidiaries</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
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        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_441"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">44</font><a name="EDGAR_HF_F_END_442"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_437"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_438"></a></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; ; text-align:justify"><a name="EDGAR_PAGE_START103"></a><font style="font-family:Arial; font-size:10pt">Consolidating balance sheets by industry segment as of March 31, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> are as follows:</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">AMERCO</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Eliminations</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Consolidated </font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Insurance (a)</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Eliminations</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:18.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">AMERCO</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Consolidated</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td colspan="19" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Liabilities:</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM266"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:40.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM267"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM268"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM269"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM270"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM271"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM272"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:18.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Accounts payable and accrued expenses</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,875</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">319,780</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,611</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM273"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">325,266</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10,060</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM274"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">335,326</font></p>
                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Notes, loans and leases payable</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">769,497</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">716,714</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM275"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,486,211</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM276"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,486,211</font></p>
                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Policy benefits and losses, claims and loss expenses payable</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">380,140</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM277"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">380,140</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">382,939</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">382,864</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:18.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,145,943</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Liabilities from investment contracts</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM278"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">240,961</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM279"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">240,961</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Other policyholders' funds and liabilities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM280"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,438</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,835</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM281"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">7,273</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Deferred income</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">31,525</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM282"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">31,525</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM283"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">31,525</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Deferred income taxes</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">397,992</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM284"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">397,992</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(41,945)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">14,945</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM285"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">370,992</font></p>
                    </td>
                </tr>
                <tr style="height:10.5pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Related party liabilities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">855,016</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">297,859</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,144,545)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM286"></a><font style="font-family:Arial; font-size:7pt">(c)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">8,330</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,555</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">172</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(10,057)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM287"></a><font style="font-family:Arial; font-size:7pt">(c)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:10.5pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Total liabilities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">399,867</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,355,958</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,018,184</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,629,464</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">345,987</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">652,837</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(10,057)</font></p>
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                    <td style="vertical-align:bottom; width:18.75pt">
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                <tr style="height:9.95pt">
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                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Series A preferred stock</font></p>
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                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Series B preferred stock</font></p>
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Series A common stock</font></p>
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM298"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
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                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Common stock</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10,497</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">540</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(541)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM300"></a><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10,497</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,301</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,500</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(5,801)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM301"></a><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10,497</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Additional paid-in capital</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">433,953</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">121,230</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">147,941</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(269,171)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM302"></a><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">433,953</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">89,620</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">26,271</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(116,101)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM303"></a><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">433,743</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Accumulated other comprehensive loss</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(45,436)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(66,302)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">66,302</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM304"></a><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(45,436)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,255</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">23,888</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(26,143)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM305"></a><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(45,436)</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Retained earnings (deficit)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,316,854</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(237,107)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(297,764)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">534,871</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM306"></a><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,316,854</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">28,666</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">163,128</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(191,584)</font></p>
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                    <td style="vertical-align:bottom; width:18.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM307"></a><font style="font-family:Arial; font-size:7pt">(b)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,317,064</font></p>
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                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Cost of common shares in treasury, net</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(525,653)</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(525,653)</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:18.75pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(525,653)</font></p>
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                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Cost of preferred shares in treasury, net</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(151,997)</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
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                    <td style="vertical-align:bottom; width:18.75pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(151,997)</font></p>
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                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Unearned employee stock ownership plan shares</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(2,398)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:13.5pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(2,398)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM313"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(2,398)</font></p>
                    </td>
                </tr>
                <tr style="height:9.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Total stockholders' equity (deficit)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,038,218</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(184,037)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(149,822)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">331,461</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM314"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,035,820</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">123,842</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">215,787</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(339,629)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM315"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,035,820</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:208.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Total liabilities and stockholders' equity</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,438,085</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:40.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,171,921</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">868,362</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(813,084)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM316"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,665,284</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">469,829</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">868,624</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(349,686)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T36_BM317"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,654,051</font></p>
                    </td>
                </tr>
                <tr style="height:6pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:18.75pt">
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_441"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">45</font><a name="EDGAR_HF_F_END_442"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_437"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_438"></a></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; ; text-align:justify"><a name="EDGAR_PAGE_START104"></a><font style="font-family:Arial; font-size:10pt">Consolidating statements of operations by industry segment for period ending March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> are as follows:</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; text-decoration:underline">AMERCO Legal Group</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">AMERCO</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Eliminations</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Moving &amp; Storage</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Consolidated </font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Property &amp; Casualty Insurance (a) </font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Life </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Insurance (a)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Eliminations</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">AMERCO</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Consolidated</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
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                    <td colspan="19" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Self-moving equipment rentals</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,769,058</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,769,058</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,538)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(c)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,767,520</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Self-storage revenues</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">151,512</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,148</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">152,660</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">152,660</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Self-moving &amp; self-storage products &amp; service sales</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">221,117</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">221,117</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">221,117</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Property management fees</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">24,378</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">24,378</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">24,378</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Life insurance premiums</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">178,115</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">178,115</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Property and casualty insurance premiums</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">34,342</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">34,342</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Net investment and interest income</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5,248</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">8,462</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,912</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">18,622</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">13,858</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">50,850</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(427)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">82,903</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Other revenue</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">81</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">102,776</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">88,626</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(94,976)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">96,507</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,525</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,480)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">97,552</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Total revenues</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5,329</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,277,303</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">94,686</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(94,976)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,282,342</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">48,200</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">231,490</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(3,445)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,558,587</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Costs and expenses:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Operating expenses</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">13,611</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,199,550</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10,878</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(94,976)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,129,063</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">18,007</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">26,482</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(2,984)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(b,c)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,170,568</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Commission expenses</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">228,124</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">228,124</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">228,124</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Cost of sales</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">107,216</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">107,216</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">107,216</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Benefits and losses</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">15,999</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">164,677</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">180,676</font></p>
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                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Amortization of deferred policy acquisition costs</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">17,376</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">17,376</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Lease expense</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">92</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">117,491</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">32</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">117,615</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(167)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">117,448</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Depreciation, net of (gains) losses on disposals</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">224,407</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">13,584</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">237,996</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">237,996</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Total costs and expenses</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">13,708</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,876,788</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">24,494</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(94,976)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,820,014</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">34,006</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">208,535</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,059,404</font></p>
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                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Earnings (loss) from operations before equity in earnings of subsidiaries</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(8,379)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">400,515</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">70,192</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">462,328</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">14,194</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">22,955</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(294)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">499,183</font></p>
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                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Equity in earnings of subsidiaries</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">212,164</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(187,923)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(d)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">24,241</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(24,241)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(d)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Earnings from operations</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">203,785</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">400,515</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">70,192</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(187,923)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">486,569</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">14,194</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">22,955</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(24,535)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">499,183</font></p>
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                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Interest income (expense)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">91,125</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(124,012)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(58,103)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(90,990)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">294</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(90,696)</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Pretax earnings</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">294,910</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">276,503</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">12,089</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(187,923)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">395,579</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">14,194</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">22,955</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(24,241)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">408,487</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Income tax expense </font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(30,202)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(96,099)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(4,570)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(130,871)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(4,938)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(7,970)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(143,779)</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Earnings available to common shareholders</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">264,708</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">180,404</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">7,519</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(187,923)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">264,708</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9,256</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">14,985</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(24,241)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">264,708</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(a)&#160; Balances for the year ended December 31, 2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(b) Eliminate intercompany lease / interest income</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(c) Eliminate intercompany premiums</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:20.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:232.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(d) Eliminate equity in earnings of subsidiaries</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_441"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">46</font><a name="EDGAR_HF_F_END_442"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_437"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_438"></a></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; ; text-align:justify"><a name="EDGAR_PAGE_START105"></a><font style="font-family:Arial; font-size:10pt">Consolidating statements of operations by industry segment for period ending March 31, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> are as follows:</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">AMERCO</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Eliminations</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Moving &amp; Storage</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Consolidated </font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Insurance (a)</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Eliminations</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">AMERCO</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Consolidated</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Self-moving equipment rentals</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,679,963</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,679,963</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,707)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(c)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,678,256</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Self-storage revenues</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">133,070</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,306</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">134,376</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">134,376</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Self-moving &amp; self-storage products &amp; service sales</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">213,854</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">213,854</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">213,854</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Property management fees</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">23,266</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">23,266</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">23,266</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Life insurance premiums</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">277,562</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">277,562</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Property and casualty insurance premiums</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">32,631</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">32,631</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Net investment and interest income</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5,857</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">20,577</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">698</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">27,132</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9,955</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">38,127</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,662)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(b,e)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">73,552</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Other revenue</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">228</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">83,894</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">80,318</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(86,108)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">78,332</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,585</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,387)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">78,530</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Total revenues</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">6,085</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,154,624</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">82,322</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(86,108)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,156,923</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">42,586</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">317,274</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(4,756)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,512,027</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Costs and expenses:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Operating expenses</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9,081</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,121,681</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9,468</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(86,108)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,054,122</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">13,270</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">28,885</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(3,087)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(b,c)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,093,190</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Commission expenses</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">212,190</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">212,190</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">212,190</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Cost of sales</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">116,542</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">116,542</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">116,542</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Benefits and losses</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">65,742</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">254,449</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">320,191</font></p>
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                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Amortization of deferred policy acquisition costs</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">13,791</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">13,791</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Lease expense</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">93</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">132,286</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">23</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">132,402</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,187)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">131,215</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Depreciation, net of (gains) losses on disposals</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">195,469</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">13,427</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">208,901</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">208,901</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Total costs and expenses</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9,179</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,778,168</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">22,918</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(86,108)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,724,157</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">79,012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">297,125</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(4,274)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,096,020</font></p>
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                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Earnings (loss) from operations before equity in earnings of subsidiaries</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(3,094)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">376,456</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">59,404</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">432,766</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(36,426)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">20,149</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(482)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">416,007</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Equity in earnings of subsidiaries</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">149,160</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(159,538)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(d)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(10,378)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10,378</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(d)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Earnings from operations</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">146,066</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">376,456</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">59,404</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(159,538)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">422,388</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(36,426)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">20,149</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9,896</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">416,007</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Interest income (expense)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">94,278</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(132,781)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(52,022)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(90,525)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">154</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(90,371)</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Pretax earnings (loss)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">240,344</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">243,675</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">7,382</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(159,538)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">331,863</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(36,426)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">20,149</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10,050</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">325,636</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Income tax benefit (expense) </font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(34,649)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(88,096)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(3,423)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(126,168)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">12,863</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(6,964)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(120,269)</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Net earnings (loss)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">205,695</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">155,579</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,959</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(159,538)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">205,695</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(23,563)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">13,185</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10,050</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">205,367</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Less: Excess of redemption value over carrying value of preferred shares redeemed</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(5,908)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(5,908)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(5,908)</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Less:&#160; Preferred stock dividends</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(3,241)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(3,241)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">328</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(e)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(2,913)</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Earnings (loss) available to common shareholders</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">196,546</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">155,579</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,959</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(159,538)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">196,546</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(23,563)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">13,185</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10,378</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">196,546</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:276.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(a)&#160; Balances for the year ended December 31, 2011</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:32.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_441"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">47</font><a name="EDGAR_HF_F_END_442"></a></p>
            <br>
        </div>
        </div>
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        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_437"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_438"></a></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; ; text-align:justify"><a name="EDGAR_PAGE_START106"></a><font style="font-family:Arial; font-size:10pt">Consolidating statements of operations by industry segment for period ending March 31, 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt"> are as follows:</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; text-decoration:underline">Moving &amp; Storage</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; text-decoration:underline">AMERCO Legal Group</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">AMERCO</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">U-Haul</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Real Estate</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Eliminations</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Moving &amp; Storage</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Consolidated </font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Property &amp; Casualty Insurance (a) </font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Life </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Insurance (a)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Eliminations</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">AMERCO</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Consolidated</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
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                    <td colspan="19" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Revenues:</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Self-moving equipment rentals</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,549,058</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,549,058</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(2,043)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(c)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,547,015</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Self-storage revenues</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">119,359</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,339</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">120,698</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">120,698</font></p>
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Self-moving &amp; self-storage products &amp; service sales</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">205,570</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">205,570</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">205,570</font></p>
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Property management fees</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">22,132</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">22,132</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">22,132</font></p>
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                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Life insurance premiums</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">206,992</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">206,992</font></p>
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                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Property and casualty insurance premiums</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">30,704</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">30,704</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Net investment and interest income</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5,140</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">20,562</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">25,702</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">7,959</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">30,822</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,738)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(b,e)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">62,745</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Other revenue</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">20</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">60,230</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">77,947</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(83,531)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">54,666</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,181</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,344)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">55,503</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Total revenues</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5,160</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,976,911</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">79,286</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(83,531)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,977,826</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">38,663</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">239,995</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(5,125)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,251,359</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Costs and expenses:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Operating expenses</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">7,489</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,050,921</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9,473</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(83,531)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">984,352</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">15,824</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">29,754</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(3,353)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(b,c)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,026,577</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Commission expenses</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">190,981</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">190,981</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">190,981</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Cost of sales</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">106,024</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">106,024</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">106,024</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Benefits and losses</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">17,201</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">183,312</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">200,513</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Amortization of deferred policy acquisition costs</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9,494</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9,494</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Lease expense</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">90</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">151,918</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">22</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">152,030</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,221)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">150,809</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Depreciation, net of (gains) losses on disposals</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">177,116</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">12,141</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">189,266</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">189,266</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Total costs and expenses</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">7,588</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,676,960</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">21,636</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(83,531)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,622,653</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">33,025</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">222,560</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(4,574)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,873,664</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Earnings (loss) from operations before equity in earnings of subsidiaries</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(2,428)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">299,951</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">57,650</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">355,173</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5,638</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">17,435</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(551)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">377,695</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Equity in earnings of subsidiaries</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">132,570</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(117,643)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(d)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">14,927</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(14,927)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(d)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Earnings from operations</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">130,142</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">299,951</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">57,650</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(117,643)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">370,100</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5,638</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">17,435</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(15,478)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">377,695</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Interest income (expense)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">85,584</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(129,516)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(44,449)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(88,381)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(88,381)</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Pretax earnings</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">215,726</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">170,435</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">13,201</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(117,643)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">281,719</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5,638</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">17,435</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(15,478)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">289,314</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Income tax expense</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(31,600)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(60,342)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(5,651)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(97,593)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,831)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(6,315)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(105,739)</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Net earnings</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">184,126</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:37.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">110,093</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:33pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">7,550</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(117,643)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">184,126</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:50.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,807</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">11,120</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(15,478)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:21pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">183,575</font></p>
                    </td>
                </tr>
                <tr style="height:9.95pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:279pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Less: Excess of redemption value over carrying value of preferred shares redeemed</font></p>
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Less: Preferred stock dividends</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">551</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Earnings available to common shareholders</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">171,163</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">110,093</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">7,550</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(117,643)</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">171,163</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,807</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">11,120</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(15,105)</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">170,985</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(a)&#160; Balances for the year ended December 31, 2010</font></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_441"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">48</font><a name="EDGAR_HF_F_END_442"></a></p>
            <br>
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            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_437"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_438"></a></p>
            <br>
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            <p style="margin:0pt 0pt 6pt; ; text-align:justify"><a name="EDGAR_PAGE_START107"></a><font style="font-family:Arial; font-size:10pt">Consolidating cash flow statements by industry segment for the year ended March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, are as follows:</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:38.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">AMERCO</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">U-Haul</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:38.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Real Estate</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Elimination</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Moving &amp; Storage </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Consolidated</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Property &amp; </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Casualty </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Insurance (a)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Life </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Insurance (a)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Elimination</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">AMERCO </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Consolidated</font></p>
                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td colspan="19" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Cash flows from operating activities:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td colspan="19" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Net earnings</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:38.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">264,708</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">180,404</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:38.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">7,519</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(187,923)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T37_BM318"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">264,708</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9,256</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">14,985</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(24,241)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">264,708</font></p>
                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Earnings from consolidated entities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:38.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(212,164)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:38.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">187,923</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T37_BM319"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(24,241)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">24,241</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Adjustments to reconcile net earnings to the cash provided by operations:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:38.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:38.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T37_BM320"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Depreciation</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:38.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">245,104</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:38.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">15,383</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T37_BM321"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Other assets</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">21,186</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">21,216</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">294</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">46</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">21,556</font></p>
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                </tr>
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                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Related party assets</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">133,970</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">133,970</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,361)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,063</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">133,672</font></p>
                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Accounts payable and accrued expenses</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,659</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">37,910</font></p>
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                    <td style="vertical-align:bottom; width:9pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:38.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">761</font></p>
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                    <td style="vertical-align:bottom; width:9pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
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                    </td>
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                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">41,330</font></p>
                    </td>
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                    </td>
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,298)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">40,032</font></p>
                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Policy benefits and losses, claims and loss expenses payable</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:38.25pt">
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                    </td>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,102</font></p>
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                    <td style="vertical-align:bottom; width:9pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:38.25pt">
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                    </td>
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T37_BM336"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,102</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(52,755)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
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                    </td>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">21,175</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,145</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">346</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">36</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">464</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">51,724</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">592,096</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">21,820</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">665,640</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">276</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">661,530</font></p>
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                <tr style="height:8.25pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">214,980</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5,719</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
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                    <td style="vertical-align:bottom; width:15pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">220,699</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">220,699</font></p>
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                <tr style="height:8.25pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">87,738</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">329,782</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">417,520</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">35,493</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">125,313</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">160,806</font></p>
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                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Equity securities</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">372</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">372</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">372</font></p>
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                </tr>
                <tr style="height:8.25pt">
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                    </td>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">7,258</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">7,258</font></p>
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                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Real estate</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:38.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:38.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">667</font></p>
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                    <td style="vertical-align:bottom; width:9pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T37_BM356"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">667</font></p>
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                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">671</font></p>
                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Mortgage loans</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:38.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">14,848</font></p>
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                    <td style="vertical-align:bottom; width:9pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:38.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">34,134</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(2,514)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(b)</font></p>
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                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">46,468</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">25,448</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">23,798</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">95,714</font></p>
                    </td>
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                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Net cash provided (used) by investing activities</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">370</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(299,591)</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(134,006)</font></p>
                    </td>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    </td>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(433,227)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(10,198)</font></p>
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                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(268,788)</font></p>
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                    <td style="vertical-align:bottom; width:9pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(712,213)</font></p>
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                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(page 1 of 2)</font></p>
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                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(a) Balance for the period ended December 31, 2012</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:45.75pt">
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                    <td style="vertical-align:bottom; width:48.75pt">
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                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(b) Eliminate intercompany investments</font></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_441"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">49</font><a name="EDGAR_HF_F_END_442"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
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            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_437"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_438"></a></p>
            <br>
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            <p style="margin:0pt 0pt 6pt; ; text-align:justify"><a name="EDGAR_PAGE_START108"></a><font style="font-family:Arial; font-size:10pt">Continuation of consolidating cash flow statements by industry segment for the year ended March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, are as follows:</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Elimination</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">AMERCO </font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Borrowings from credit facilities</font></p>
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">108,846</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">161,700</font></p>
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                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T38_BM378"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">270,546</font></p>
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                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">270,546</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Principal repayments on credit facilities</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:38.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(159,622)</font></p>
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                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:38.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(98,335)</font></p>
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                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T38_BM379"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(257,957)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">301,729</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">301,729</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
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                    </td>
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(31,901)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
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                    </td>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(31,901)</font></p>
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                <tr style="height:8.25pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">73,523</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(299,994)</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">112,926</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
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                    </td>
                    <td style="vertical-align:bottom; width:15pt">
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                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(113,545)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,500</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">309,228</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">22,542</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">25,410</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">357,180</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">327,119</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">98,926</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,515</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T38_BM395"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">427,560</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">14,120</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">22,064</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">463,744</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_441"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">50</font><a name="EDGAR_HF_F_END_442"></a></p>
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            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_438"></a></p>
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            <p style="margin:0pt 0pt 6pt; ; text-align:justify"><a name="EDGAR_PAGE_START109"></a><font style="font-family:Arial; font-size:10pt">Consolidating cash flow statements by industry segment for the year ended March 31, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">, are as follows:</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Property &amp; </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Casualty </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Insurance (a)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Life </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Insurance (a)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Elimination</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:12pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">AMERCO </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Consolidated</font></p>
                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td colspan="19" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Cash flows from operating activities:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td colspan="19" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Net earnings (loss)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">205,695</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">155,579</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,959</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(159,538)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">205,695</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(23,563)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">13,185</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10,050</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:12pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM406"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">205,367</font></p>
                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Earnings from consolidated subsidiaries</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(149,160)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">159,538</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10,378</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(10,378)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:12pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM407"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Adjustments to reconcile net earnings to the cash provided by operations:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM408"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM409"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:36pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM410"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM411"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM412"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM413"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM414"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:12pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM415"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Depreciation</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">216,116</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">13,668</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">229,789</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:12pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM416"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">229,789</font></p>
                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Amortization of deferred policy acquisition costs</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,852</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">108</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5,992</font></p>
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                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Related party assets</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5,237</font></p>
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                    <td style="vertical-align:bottom; width:12pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM436"></a><font style="font-family:Arial; font-size:7pt">(b)</font></p>
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                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,163</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">14,215</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">18,150</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,319</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">19,469</font></p>
                    </td>
                </tr>
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                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">106,213</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">122,738</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">212,330</font></p>
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                </tr>
                <tr style="height:8.25pt">
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                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Other policyholders' funds and liabilities</font></p>
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                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,382)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(76)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
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                    <td style="vertical-align:bottom; width:12pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,458)</font></p>
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                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Deferred income</font></p>
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                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
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                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,367</font></p>
                    </td>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,367</font></p>
                    </td>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:12pt">
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,367</font></p>
                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Related party liabilities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5,514</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5,514</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(272)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">39</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(5,237)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:12pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM441"></a><font style="font-family:Arial; font-size:7pt">(b)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">44</font></p>
                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Net cash provided (used) by operating activities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">178,745</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">338,858</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">19,317</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">536,920</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,690</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">128,560</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(328)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:12pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM442"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">669,842</font></p>
                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM443"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM444"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:36pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM445"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM446"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM447"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM448"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM449"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:12pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM450"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Cash flows from investing activities:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM451"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM452"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:36pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM453"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
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                    <td style="vertical-align:bottom; width:12pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">168,386</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">168,912</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">168,912</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">96,033</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">204,860</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">300,893</font></p>
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                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Fixed maturities investments</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">22,982</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">105,504</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">128,486</font></p>
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                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Equity securities</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">8,800</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">8,800</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,422</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
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                    <td style="vertical-align:bottom; width:12pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10,222</font></p>
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                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Preferred stock</font></p>
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">7,352</font></p>
                    </td>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,708</font></p>
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                    <td style="vertical-align:bottom; width:7.5pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(7,708)</font></p>
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                    <td style="vertical-align:bottom; width:12pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM486"></a><font style="font-family:Arial; font-size:7pt">(b)</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,352</font></p>
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                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Real estate</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    </td>
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                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">310</font></p>
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                    <td style="vertical-align:bottom; width:7.5pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">130</font></p>
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                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:12pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T39_BM487"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">440</font></p>
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                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9,263</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">45,685</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">54,948</font></p>
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                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">14,390</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9,939</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">54,840</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(a) Balance for the period ended December 31, 2011</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="width:7.5pt; border:none">
                    </td>
                    <td style="width:47.25pt; border:none">
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_441"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">51</font><a name="EDGAR_HF_F_END_442"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_437"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_438"></a></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; ; text-align:justify"><a name="EDGAR_PAGE_START110"></a><font style="font-family:Arial; font-size:10pt">Continuation of consolidating cash flow statements by industry segment for the year ended March 31, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt">, are as follows:</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                <tr style="height:27pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">AMERCO</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Elimination</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Moving &amp; Storage </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Consolidated</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Property &amp; </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Casualty </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Insurance (a)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Life </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Insurance (a)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Elimination</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:12pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">AMERCO </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Consolidated</font></p>
                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td colspan="19" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Cash flows from financing activities:</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td colspan="19" style="vertical-align:bottom">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T40_BM510"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Borrowings from credit facilities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">153,860</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">83,920</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">237,780</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:12pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T40_BM511"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">237,780</font></p>
                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Principal repayments on credit facilities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(130,641)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(71,247)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(201,888)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:12pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T40_BM512"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(201,888)</font></p>
                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Debt issuance costs</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,402)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(602)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(14,267)</font></p>
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                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">824</font></p>
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                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(11,891)</font></p>
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                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:12pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T40_BM528"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(25,334)</font></p>
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                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Cash and cash equivalents at beginning of period</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">250,104</font></p>
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                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">72,634</font></p>
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                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">757</font></p>
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                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">323,495</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">21,718</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">37,301</font></p>
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                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:12pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T40_BM529"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">382,514</font></p>
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                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Cash and cash equivalents at end of period</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">201,502</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">106,951</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:36pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">775</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">309,228</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">22,542</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">25,410</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:12pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T40_BM530"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:47.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">357,180</font></p>
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                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(a) Balance for the period ended December 31, 2011</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:36pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T40_BM533"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:45.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T40_BM534"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:48.75pt">
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:47.25pt">
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:48.75pt">
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:44.25pt">
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                    <td style="vertical-align:bottom; width:12pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T40_BM539"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:255pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(b) Eliminate intercompany investments</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:42pt">
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                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:47.25pt">
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                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:45.75pt">
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:48.75pt">
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:44.25pt">
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                    <td style="vertical-align:bottom; width:12pt">
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_441"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">52</font><a name="EDGAR_HF_F_END_442"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_437"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_438"></a></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; ; text-align:justify"><a name="EDGAR_PAGE_START111"></a><font style="font-family:Arial; font-size:10pt">Consolidating cash flow statements by industry segment for the year ended March 31, 201</font><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt"> are as follows: </font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; text-decoration:underline">AMERCO Legal Group</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:18pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                <tr style="height:27pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">AMERCO</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">U-Haul</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Real Estate</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Elimination</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Moving &amp; Storage </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Consolidated</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Property &amp; </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Casualty </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Insurance (a)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Life </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Insurance (a)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Elimination</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:18pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">AMERCO </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Consolidated</font></p>
                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td colspan="19" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Cash flows from operating activities:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td colspan="19" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Net earnings</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">184,126</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">110,093</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">7,550</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(117,643)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">184,126</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,807</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">11,120</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(15,478)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T41_BM561"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">183,575</font></p>
                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">117,643</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(14,927)</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">14,927</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">212,324</font></p>
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                </tr>
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                </tr>
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                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">30</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">30</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(2)</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">28</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">73,790</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,960</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5,148</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">80,898</font></p>
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                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Net change in other operating assets and liabilities:</font></p>
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                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Reinsurance recoverables and trade receivables</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">28,480</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">30</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">205</font></p>
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                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">273</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(87)</font></p>
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                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Accounts payable and accrued expenses</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">18,923</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(486)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9,834</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,713</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">12,547</font></p>
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                </tr>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Policy benefits and losses, claims and loss expenses payable</font></p>
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                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10,994</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10,994</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,288</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">94,052</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">109,334</font></p>
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                </tr>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(789)</font></p>
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                    </td>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,355</font></p>
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                    </td>
                    <td style="vertical-align:bottom; width:18pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">566</font></p>
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                </tr>
                <tr style="height:8.25pt">
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                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Deferred income</font></p>
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                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,967</font></p>
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
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                    <td style="vertical-align:bottom; width:6.75pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,967</font></p>
                    </td>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
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                    <td style="vertical-align:bottom; width:18pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,967</font></p>
                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">Related party liabilities</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt 0pt 0pt 30pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">83</font></p>
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
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                    <td style="vertical-align:bottom; width:8.25pt">
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                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">83</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">157</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
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                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T41_BM582"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">249</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">135,931</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">19,328</font></p>
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                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">471,039</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,250</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">98,125</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(551)</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">572,863</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Cash flows from investing activities:</font></p>
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Purchases of:</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
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                    </td>
                    <td style="vertical-align:bottom; width:18pt">
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                    </td>
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                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Property, plant and equipment</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(5)</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(480,418)</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(117)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(193)</font></p>
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                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Mortgage loans</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(13,117)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(8,692)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(21,809)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(13,244)</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(7,395)</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,890</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T41_BM593"></a><font style="font-family:Arial; font-size:7pt">(b)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(38,558)</font></p>
                    </td>
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                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Other investments</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(2,000)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(2,000)</font></p>
                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
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                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Property, plant and equipment</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    </td>
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">179,043</font></p>
                    </td>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,368</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
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                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">180,411</font></p>
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                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
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                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
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                    </td>
                    <td style="vertical-align:bottom; width:18pt">
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                    <td style="vertical-align:bottom; width:7.5pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">180,411</font></p>
                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:256.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Short term investments</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:7.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:6.75pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
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                    </td>
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                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:top; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:top; width:6.75pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
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                    </td>
                    <td style="vertical-align:top; width:7.5pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">106,130</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">211,083</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
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                    </td>
                    <td style="vertical-align:bottom; width:18pt">
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                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">23,275</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">108,706</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T41_BM598"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">131,981</font></p>
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                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Equity securities</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,065</font></p>
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                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
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                    </td>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,065</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">133</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T41_BM599"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,198</font></p>
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                <tr style="height:8.25pt">
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                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Preferred stock</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,914</font></p>
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                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T41_BM600"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,914</font></p>
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                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Real estate</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">125</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">125</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">309</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,491</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T41_BM601"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,925</font></p>
                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">Mortgage loans</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">5,412</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,995</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">8,407</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">6,106</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,533</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(3,890)</font></p>
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                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T41_BM602"></a><font style="font-family:Arial; font-size:7pt">(b)</font></p>
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                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">15,156</font></p>
                    </td>
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            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_438"></a></p>
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            <p style="margin:0pt 0pt 6pt; ; text-align:justify"><a name="EDGAR_PAGE_START112"></a><font style="font-family:Arial; font-size:10pt">Continuation of consolidating cash flow statements by industry segment for the year ended March 31, 201</font><font style="font-family:Arial; font-size:10pt">1</font><font style="font-family:Arial; font-size:10pt"> are as follows:</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Moving &amp; Storage </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Consolidated</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Property &amp; </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Casualty </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Insurance (a)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Life </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Insurance (a)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Elimination</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:18pt">
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">AMERCO </font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">Consolidated</font></p>
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                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td colspan="19" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(In thousands)</font></p>
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                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Cash flows from financing activities:</font></p>
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                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Borrowings from credit facilities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">257,728</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">64,134</font></p>
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                    <td style="vertical-align:bottom; width:7.5pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">321,862</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
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                    <td style="vertical-align:bottom; width:6.75pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                    <td style="vertical-align:bottom; width:18pt">
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                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">321,862</font></p>
                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Principal repayments on credit facilities</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(90,084)</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(198,798)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(288,882)</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(288,882)</font></p>
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Debt issuance costs</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,987)</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(1,987)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">Capital lease payments</font></p>
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                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(11,522)</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T42_BM636"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">271</font></p>
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                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T42_BM637"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Increase (decrease) in cash and cash equivalents</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">149,644</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(34,607)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">753</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">115,790</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(408)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">23,014</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T42_BM638"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">138,396</font></p>
                    </td>
                </tr>
                <tr style="height:8.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Cash and cash equivalents at beginning of period</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">100,460</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">107,241</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">207,705</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">22,126</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">14,287</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T42_BM639"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">244,118</font></p>
                    </td>
                </tr>
                <tr style="height:10.5pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Cash and cash equivalents at end of period</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">250,104</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">72,634</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:39.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">757</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:41.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">323,495</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">21,718</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">37,301</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:18pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T42_BM640"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">382,514</font></p>
                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td colspan="19" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(page 2 of 2)</font></p>
                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:256.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(a) Balance for the period ended December 31, 2010</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:39.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T42_BM641"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:39pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T42_BM642"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:6.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:39.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T42_BM643"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:7.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><br /><a name="EDGAR_PAGE_END112"></a></p>
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            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_441"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">54</font><a name="EDGAR_HF_F_END_442"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt; text-align:center"><a name="EDGAR_HF_H_START_449"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">amerco and consolidated subsidiaries</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">notes to consolidated financial statements &#8211; (continued)</font><a name="EDGAR_HF_H_END_450"></a></p>
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            <p style="margin:6pt 0pt"><a name="_DMBM_344"></a><a name="EDGAR_PAGE_START113"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Note 2</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">3</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">.&#160; Subsequent Events</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our</font><font style="font-family:Arial; font-size:10pt"> management has evaluated subsequent events occurring after March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, the date of our most recent balance sheet date, through the date our financial statements were issued. We do not believe any other subsequent events have occurred that would require further disclosure or adjustment to our financial statements than those </font><font style="font-family:Arial; font-size:10pt">stated</font><font style="font-family:Arial; font-size:10pt"> below.</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Financial Strength Ratings</font></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_453"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">55</font><a name="EDGAR_HF_F_END_454"></a></p>
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        </div>
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            <p style="margin:0pt"><a name="EDGAR_HF_H_END_462"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt 0pt 6pt; text-align:center"><a name="_DMBM_345"></a><a name="schedule1"></a><a name="EDGAR_PAGE_START114"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">SCHEDULE</font><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">&#xa0;</font><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">I</font></p>
            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">CONDENSED FINANCIAL INFORMATION OF AMERCO</font></p>
            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">BALANCE SHEETS</font><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase"> </font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">March 31,</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
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                    <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Cash and cash equivalents</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">327,119</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">201,502</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">240,080</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">8,168</font></p>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,032,124</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,201,385</font></p>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">43,841</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">27,030</font></p>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Total assets</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,643,164</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,438,085</font></p>
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                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T43_BM659"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">LIABILITIES AND STOCKHOLDERS' EQUITY</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Liabilities:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T43_BM660"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Other liabilities</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">412,199</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">399,867</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">412,199</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">399,867</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Stockholders' equity:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Preferred stock</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Common stock</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">10,497</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">10,497</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Additional paid-in capital</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">438,378</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">433,953</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Accumulated other comprehensive loss</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(22,680)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(45,436)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Retained earnings:</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Beginning of period</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,316,854</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,139,792</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Adjustment to initially apply ASU 2010-26</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(1,721)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Net earnings</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">264,708</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">205,695</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Excess of redemption value over carrying value of preferred shares redeemed</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(5,908)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Dividends </font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(97,421)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(22,725)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">End of period</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,482,420</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,316,854</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Cost of common shares in treasury</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(525,653)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(525,653)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Cost of preferred shares in treasury</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(151,997)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(151,997)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Total stockholders' equity</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,230,965</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,038,218</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:352.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Total liabilities and stockholders' equity</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,643,164</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:71.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,438,085</font></p>
                    </td>
                </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                    <td style="width:352.5pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:71.25pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:71.25pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The accompanying notes are an integral part of these condensed consolidated financial statements. </font></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt"><a name="EDGAR_HF_F_START_465"></a><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">56</font><a name="EDGAR_HF_F_END_466"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_461"></a><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt"><a name="EDGAR_HF_H_END_462"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; text-align:center"><a name="EDGAR_PAGE_START115"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">CONDENSED FINANCIAL INFORMATION OF AMERCO </font></p>
            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">STATEMENTS OF OPERATIONS </font></p>
            <div style="text-align:center">
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin:0 auto">
                <tr style="height:12.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:361.5pt">
                            <p style="margin:0pt"><a name="FIS_CASH_FLOW_2"></a><a name="DOC_TBL00077_1_1"></a><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td colspan="5" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">Years Ended March 31,</font></p>
                        </td>
                    </tr>
                    <tr style="height:12.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:361.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">2013</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">2012</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt; font-weight:bold">2011</font></p>
                        </td>
                    </tr>
                    <tr style="height:12.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:361.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">(In thousands, except share and per share data)</font></p>
                        </td>
                    </tr>
                    <tr style="height:14.1pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:361.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Revenues:</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:14.1pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:361.5pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:9pt">Net interest income from subsidiaries</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">5,329</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">6,085</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">5,160</font></p>
                        </td>
                    </tr>
                    <tr style="height:14.1pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:361.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Expenses:</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                    </tr>
                    <tr style="height:14.1pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:361.5pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:9pt">Operating expenses</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">13,611</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">9,081</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">7,489</font></p>
                        </td>
                    </tr>
                    <tr style="height:14.1pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:361.5pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:9pt">Other expenses</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">97</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">98</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">99</font></p>
                        </td>
                    </tr>
                    <tr style="height:14.1pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:361.5pt">
                            <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:9pt">Total expenses</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">13,708</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">9,179</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">7,588</font></p>
                        </td>
                    </tr>
                    <tr style="height:14.1pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:361.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Equity in earnings of subsidiaries</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">212,164</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">149,160</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">132,570</font></p>
                        </td>
                    </tr>
                    <tr style="height:14.1pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:361.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Interest income</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">91,125</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">94,278</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">85,584</font></p>
                        </td>
                    </tr>
                    <tr style="height:14.1pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:361.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Pretax earnings</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">294,910</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">240,344</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">215,726</font></p>
                        </td>
                    </tr>
                    <tr style="height:14.1pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:361.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Income tax expense</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">(30,202)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">(34,649)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">(31,600)</font></p>
                        </td>
                    </tr>
                    <tr style="height:14.1pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:361.5pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:9pt">Net earnings</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">264,708</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">205,695</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">184,126</font></p>
                        </td>
                    </tr>
                    <tr style="height:14.1pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:361.5pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:9pt">Less: Excess of redemption value over carrying value of preferred shares redeemed</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">(5,908)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                        </td>
                    </tr>
                    <tr style="height:14.1pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:361.5pt">
                            <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:9pt">Less: Preferred stock dividends</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">&#8211;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">(3,241)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">(12,963)</font></p>
                        </td>
                    </tr>
                    <tr style="height:14.1pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:361.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Earnings available to common stockholders</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">264,708</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">196,546</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">171,163</font></p>
                        </td>
                    </tr>
                    <tr style="height:12.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:361.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Basic and diluted earnings per common share</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">13.56</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">10.09</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">$</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">8.81</font></p>
                        </td>
                    </tr>
                    <tr style="height:12.75pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:361.5pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">Weighted average common shares outstanding: Basic and diluted</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:double; border-top-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:66.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">19,518,779</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:double; border-top-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:60pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">19,476,187</font></p>
                        </td>
                        <td style="vertical-align:bottom; width:8.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:9pt">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:double; border-top-width:3pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:64.5pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:9pt">19,432,781</font></p>
                        </td>
                    </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                        <td style="width:361.5pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:66.75pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:60pt; border:none">
                        </td>
                        <td style="width:8.25pt; border:none">
                        </td>
                        <td style="width:64.5pt; border:none">
                        </td>
                    </tr><![endif]--></table>
            </div>
            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The accompanying notes are an integral part of these condensed consolidated financial statements. </font></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt"><a name="EDGAR_HF_F_START_465"></a><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">57</font><a name="EDGAR_HF_F_END_466"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_461"></a><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt"><a name="EDGAR_HF_H_END_462"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">CONDENSED FINANCIAL INFORMATION OF AMERCO</font></p>
            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">STATEMENTS OF CASH FLOW</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt">
                <tr style="height:12.75pt">
                    <td style="vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt; text-align:right"><a name="DOC_TBL00078_1_1"></a><a name="EDGAR_DEC_TAB_VALUE_T45_BM661"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Years Ended March 31,</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T45_BM662"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2013</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2011</font></p>
                    </td>
                </tr>
                <tr style="height:10.7pt">
                    <td style="vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T45_BM663"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td colspan="5" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(In thousands)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Cash flows from operating activities:</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T45_BM664"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T45_BM665"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T45_BM666"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Net earnings</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">264,708</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">205,695</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">184,126</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Change in investments in subsidiaries</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(212,164)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(149,160)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(132,570)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Adjustments to reconcile net earnings to cash provided by operations:</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Depreciation</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">5</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">5</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">9</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Net gain on sale of investments</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(76)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(488)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(65)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Deferred income taxes</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">9,206</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">109,680</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">73,790</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt 0pt 0pt 20pt"><font style="font-family:Arial; font-size:10pt">Net change in other operating assets and liabilities:</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt 0pt 0pt 40pt"><font style="font-family:Arial; font-size:10pt">Prepaid expenses</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(12,979)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">6,470</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(15,966)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt 0pt 0pt 40pt"><font style="font-family:Arial; font-size:10pt">Other assets</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">365</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2,380</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">34,937</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt 0pt 0pt 40pt"><font style="font-family:Arial; font-size:10pt">Related party assets</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">273</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt 0pt 0pt 40pt"><font style="font-family:Arial; font-size:10pt">Accounts payable and accrued expenses</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2,659</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">4,163</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(8,603)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Net cash provided by operating activities</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">51,724</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">178,745</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">135,931</font></p>
                    </td>
                </tr>
                <tr style="height:10.7pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Cash flows from investing activities:</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Purchases of property, plant and equipment</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(2)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(1)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(5)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Purchases of equity securities</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(8,855)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(8,253)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Proceeds of equity securities</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">372</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">8,800</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,065</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Net cash used by investing activities</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">370</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(56)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(7,193)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Cash flows from financing activities:</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Proceeds from (repayments) of intercompany loans</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">172,444</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(52,051)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">30,566</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Preferred stock redemption paid</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(151,997)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Preferred stock dividends paid</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(3,241)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(12,963)</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Common stock dividends paid</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(97,421)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(19,484)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Dividend from related party</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">3,303</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:10pt">Contribution to related party</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(1,500)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(518)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#8211;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Net cash provided (used) by financing activities</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">73,523</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(227,291)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">20,906</font></p>
                    </td>
                </tr>
                <tr style="height:10.7pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Increase (decrease) in cash and cash equivalents</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">125,617</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">(48,602)</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">149,644</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Cash and cash equivalents at beginning of period</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">201,502</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">250,104</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">100,460</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:330.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Cash and cash equivalents at end of period</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">327,119</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">201,502</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:8.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; border-top-color:#000000; border-top-style:solid; border-top-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">250,104</font></p>
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                    </td>
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                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:51.75pt; border:none">
                    </td>
                    <td style="width:8.25pt; border:none">
                    </td>
                    <td style="width:52.5pt; border:none">
                    </td>
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            <p style="margin:6pt 0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Income taxes paid</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> net of income taxes refunds received</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> amounted to $</font><font style="font-family:Arial; font-size:10pt">144.7 </font><font style="font-family:Arial; font-size:10pt">million, $</font><font style="font-family:Arial; font-size:10pt">10.7</font><font style="font-family:Arial; font-size:10pt"> million and $</font><font style="font-family:Arial; font-size:10pt">14.3</font><font style="font-family:Arial; font-size:10pt"> million for fiscal 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 20</font><font style="font-family:Arial; font-size:10pt">12</font><font style="font-family:Arial; font-size:10pt"> and 20</font><font style="font-family:Arial; font-size:10pt">11</font><font style="font-family:Arial; font-size:10pt">, respectively. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The accompanying notes are an integral part of these condensed consolidated financial statements. </font></p>
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            <p style="margin:0pt"><a name="EDGAR_HF_F_START_465"></a><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">58</font><a name="EDGAR_HF_F_END_466"></a></p>
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            <p style="margin:0pt"><a name="EDGAR_HF_H_START_461"></a><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt"><a name="EDGAR_HF_H_END_462"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt 0pt 6pt; text-align:center"><a name="EDGAR_PAGE_START117"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">CONDENSED FINANCIAL INFORMATION OF AMERCO </font></p>
            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">NOTES TO CONDENSED FINANCIAL INFORMATION </font></p>
            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">March 31, 20</font><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">13</font><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">, 20</font><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">12</font><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">, and 20</font><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">11</font><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase"> </font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">1.&#160; Summary of Significant Accounting Policies </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO, a Nevada corporation, was incorporated in April, 1969, and is the holding Company for U-Haul International, Inc., Amerco Real Estate Company, Rep</font><font style="font-family:Arial; font-size:10pt">w</font><font style="font-family:Arial; font-size:10pt">est Insurance Company and Oxford Life Insurance Company. The financial statements of the Registrant should be read in conjunction with the Consolidated Financial Statements and notes thereto included in this </font><font style="font-family:Arial; font-size:10pt">Annual Report</font><font style="font-family:Arial; font-size:10pt">. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO is included in a consolidated Federal income tax return with all of its U.S. subsidiaries. Accordingly, the provision for income taxes has been calculated for Federal income taxes of AMERCO and subsidiaries included in the consolidated return of the Registrant. State taxes for all subsidiaries are allocated to the respective subsidiaries. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The financial statements include only the accounts of AMERCO, which include certain of the</font><font style="font-family:Arial; font-size:10pt"> corporate operations of AMERCO</font><font style="font-family:Arial; font-size:10pt">. The interest in AMERCO&#8217;s majority owned subsidiaries is accounted for on the equity method. The intercompany interest income and expenses are eliminated in the Consolidated Financial Statements. </font></p>
            <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">2.&#160; Guarantees </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO has guaranteed performance of certain long-term leases and other obligations. See Note </font><font style="font-family:Arial; font-size:10pt">18</font><font style="font-family:Arial; font-size:10pt">, Contingent Liabilities and Commitments and Note </font><font style="font-family:Arial; font-size:10pt">20</font><font style="font-family:Arial; font-size:10pt">, Related Party Transactions of the Notes to Consolidated Financial Statements.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><a name="EDGAR_PAGE_END117"></a></p>
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            <p style="margin:0pt"><a name="EDGAR_HF_F_START_465"></a><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">59</font><a name="EDGAR_HF_F_END_466"></a></p>
            <br>
        </div>
        </div>
        <br style=" clear:both; mso-break-type:section-break" />
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_473"></a><a name="EDGAR_HF_H_END_474"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt 0pt 6pt; text-align:center"><a name="_DMBM_346"></a><a name="EDGAR_PAGE_START118"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">SCHEDULE II </font></p>
            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">AMERCO AND CONSOLIDATED SUBSIDIARIES </font><br /><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">VALUATION AND QUALIFYING ACCOUNTS</font></p>
            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">Fiscal </font><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">Years Ended March 31, 201</font><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">3</font><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">, 20</font><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">12</font><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase"> and 20</font><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">11</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Balance at Beginning of Year</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Additions Charged to Costs and Expenses</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Additions Charged to Other Accounts</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Deductions</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Balance at Year End</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Year ended March 31, 2013</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td colspan="9" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">(In thousands)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:185.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Allowance for doubtful accounts</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:185.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">(deducted from trade receivable)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,128</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,184</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(1,318)</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">994</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:185.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Allowance for obsolescence</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
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                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:185.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">(deducted from inventory)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">730</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">981</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,711</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:185.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Allowance for probable losses</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:185.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">(deducted from mortgage loans)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">370</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">370</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:185.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:185.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Year ended March 31, 2012</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td colspan="9" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:185.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Allowance for doubtful accounts</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:185.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">(deducted from trade receivable)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,336</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,485</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(1,693)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,128</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:185.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Allowance for obsolescence</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:185.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">(deducted from inventory)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">595</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">135</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">730</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:185.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Allowance for probable losses</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:185.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">(deducted from mortgage loans)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">370</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">370</font></p>
                    </td>
                </tr>
                <tr style="height:9pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:185.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T46_BM667"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T46_BM668"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T46_BM669"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T46_BM670"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T46_BM671"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:185.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Year ended March 31, 2011</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T46_BM672"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T46_BM673"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T46_BM674"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T46_BM675"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T46_BM676"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:185.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Allowance for doubtful accounts</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T46_BM677"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T46_BM678"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T46_BM679"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T46_BM680"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T46_BM681"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:185.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">(deducted from trade receivable)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,308</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">2,611</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(2,583)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,336</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:185.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Allowance for obsolescence</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:185.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">(deducted from inventory)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">2,600</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(2,005)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">595</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:185.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Allowance for probable losses</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:185.25pt">
                        <p style="margin:0pt 0pt 0pt 10pt"><font style="font-family:Arial; font-size:8pt">(deducted from mortgage loans)</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">370</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:52.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#8211;</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">370</font></p>
                    </td>
                </tr><!--[if !supportMisalignedColumns]><tr style="height:0pt">
                    <td style="width:185.25pt; border:none">
                    </td>
                    <td style="width:9pt; border:none">
                    </td>
                    <td style="width:54.75pt; border:none">
                    </td>
                    <td style="width:9pt; border:none">
                    </td>
                    <td style="width:52.5pt; border:none">
                    </td>
                    <td style="width:9pt; border:none">
                    </td>
                    <td style="width:51.75pt; border:none">
                    </td>
                    <td style="width:9pt; border:none">
                    </td>
                    <td style="width:54.75pt; border:none">
                    </td>
                    <td style="width:9pt; border:none">
                    </td>
                    <td style="width:48pt; border:none">
                    </td>
                </tr><![endif]--></table>
            <p style="margin:0pt"><a name="_DMBM_347"></a><a name="EDGAR_PAGE_END118"></a><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_489"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">60</font><a name="EDGAR_HF_F_END_490"></a></p>
            <br>
        </div>
        </div>
        <br style=" clear:both; mso-break-type:section-break" />
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_485"></a><a name="EDGAR_HF_H_END_486"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <br>
        </div>
            <p style="margin:0pt 0pt 6pt; text-align:center"><a name="EDGAR_PAGE_START119"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">SCHEDULE V </font></p>
            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">AMERCO AND CONSOLIDATED SUBSIDIARIES </font><br /><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">SUPPLEMENTAL INFORMATION (FOR PROPERTY-CASUALTY INSURANCE Operations) </font></p>
            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">Years Ended December 31, 20</font><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">12</font><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">, 20</font><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">11</font><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase"> AND 20</font><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">10</font><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase"> </font></p>
            <div style="text-align:center">
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin:0 auto">
                <tr style="height:71.25pt">
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:31.5pt">
                            <p style="margin:0pt; text-align:center"><a name="DOC_TBL00080_1_1"></a><font style="font-family:Arial; font-size:7pt; font-weight:bold">Fiscal Year </font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:77.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Affiliation with Registrant</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Deferred Policy Acquisition Cost</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:51.75pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Reserves for Unpaid Claims and Adjustment Expenses</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:42pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Discount if any, Deducted</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:44.25pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Unearned Premiums</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Net Earned Premiums (1)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Net Investment Income (2)</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54.75pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Claim and Claim Adjustment Expenses Incurred Related to Current Year</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:54pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Claim and Claim Adjustment Expenses Incurred Related to Prior Year</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:57pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Amortization of Deferred Policy Acquisition Costs</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:48.75pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Paid Claims and Claim Adjustment Expense</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:9pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
                        </td>
                        <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:1pt; padding-left:3pt; padding-right:3pt; vertical-align:bottom; width:45.75pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Net Premiums Written (1)</font></p>
                        </td>
                    </tr>
                    <tr style="height:9pt">
                        <td colspan="25" style="padding-left:3pt; padding-right:3pt; vertical-align:bottom">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(In thousands)</font></p>
                        </td>
                    </tr>
                    <tr style="height:22.5pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:31.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">2013</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:9pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:77.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Consolidated property </font></p>
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">casualty entity</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:48.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:51.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">330,093</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="vertical-align:top; width:42pt">
                            <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T47_BM682"></a><font style="font-family:Arial; font-size:7pt">N/A</font><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:54pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">34,342</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:48pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">8,976</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:54.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">8,962</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:54pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">7,036</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:57pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:48.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">20,807</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">$</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">34,378</font></p>
                        </td>
                    </tr>
                    <tr style="height:22.5pt">
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:31.5pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">2012</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:9pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:77.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Consolidated property </font></p>
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">casualty entity</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:48.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:51.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">382,328</font></p>
                        </td>
                        <td style="vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="vertical-align:top; width:42pt">
                            <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T47_BM683"></a><font style="font-family:Arial; font-size:7pt">N/A</font><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
                        </td>
                        <td style="vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:54pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">32,631</font></p>
                        </td>
                        <td style="vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:48pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9,664</font></p>
                        </td>
                        <td style="vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:54.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9,297</font></p>
                        </td>
                        <td style="vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:54pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">56,445</font></p>
                        </td>
                        <td style="vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:57pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
                        </td>
                        <td style="vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:48.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">16,319</font></p>
                        </td>
                        <td style="vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:45.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">32,627</font></p>
                        </td>
                    </tr>
                    <tr style="height:22.5pt">
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                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">2011</font></p>
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:9pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:77.25pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Consolidated property </font></p>
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">casualty entity</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:48.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                        <td style="vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:51.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">276,355</font></p>
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                        <td style="vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <td style="vertical-align:top; width:42pt">
                            <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T47_BM684"></a><font style="font-family:Arial; font-size:7pt">N/A</font><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
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                        <td style="vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:44.25pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4</font></p>
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                        <td style="vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:54pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">30,704</font></p>
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                        <td style="vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:48pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">8,234</font></p>
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                        <td style="vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:54.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9,453</font></p>
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                        <td style="vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:54pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">7,832</font></p>
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                        <td style="vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:57pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#8211;</font></p>
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                        <td style="vertical-align:top; width:9pt">
                            <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <td style="padding-left:3pt; padding-right:3pt; vertical-align:top; width:48.75pt">
                            <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">17,211</font></p>
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                        <td style="vertical-align:top; width:9pt">
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            <p style="margin:6pt 0pt 0pt; text-indent:14.4pt"><font style="font-family:Calibri; font-size:8pt"> (1) The earned and written premiums are reported net of intersegment transactions. There were no earned premiums eliminated for the years ended December 31, 201</font><font style="font-family:Calibri; font-size:8pt">2</font><font style="font-family:Calibri; font-size:8pt">, 20</font><font style="font-family:Calibri; font-size:8pt">11</font><font style="font-family:Calibri; font-size:8pt"> and 20</font><font style="font-family:Calibri; font-size:8pt">10</font><font style="font-family:Calibri; font-size:8pt">, respectively.</font></p>
            <p style="margin:6pt 0pt 0pt; text-indent:14.4pt"><font style="font-family:Calibri; font-size:8pt">(2) Net Investment Income excludes net realized </font><font style="font-family:Calibri; font-size:8pt">(gains) </font><font style="font-family:Calibri; font-size:8pt">losses</font><font style="font-family:Calibri; font-size:8pt">&#xa0;</font><font style="font-family:Calibri; font-size:8pt">on investments of </font><font style="font-family:Calibri; font-size:8pt">($</font><font style="font-family:Calibri; font-size:8pt">4.9</font><font style="font-family:Calibri; font-size:8pt">)</font><font style="font-family:Calibri; font-size:8pt"> million, </font><font style="font-family:Calibri; font-size:8pt">(</font><font style="font-family:Calibri; font-size:8pt">$0.</font><font style="font-family:Calibri; font-size:8pt">3)</font><font style="font-family:Calibri; font-size:8pt"> million and $0.</font><font style="font-family:Calibri; font-size:8pt">3</font><font style="font-family:Calibri; font-size:8pt"> million for the years ended December 31, 201</font><font style="font-family:Calibri; font-size:8pt">2</font><font style="font-family:Calibri; font-size:8pt">, 20</font><font style="font-family:Calibri; font-size:8pt">11</font><font style="font-family:Calibri; font-size:8pt"> and 20</font><font style="font-family:Calibri; font-size:8pt">10</font><font style="font-family:Calibri; font-size:8pt">, respectively.</font><font style="font-family:Calibri; font-size:8pt"> </font><a name="EDGAR_PAGE_END119"></a></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_489"></a><font style="font-family:Arial; font-size:8pt">F-</font><font style="font-family:Arial; font-size:8pt">61</font><a name="EDGAR_HF_F_END_490"></a></p>
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        <br style=" clear:both; mso-break-type:section-break" />
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            <p style="margin:0pt"><a name="EDGAR_HF_H_START_497"></a><a name="EDGAR_HF_H_END_498"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt 0pt 12pt 216pt"><a name="_DMBM_348"></a><a name="EDGAR_PAGE_START120"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">SIGNATURES </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Pursuant to the requirements of Section</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. </font></p>
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            <p style="margin:0pt 0pt 12pt 216pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">AMERCO </font></p>
            <p style="margin:0pt 0pt 12pt 216pt"><font style="font-family:Arial; font-size:12pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Date:&#160; </font><font style="font-family:Arial; font-size:10pt">June</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">5</font><font style="font-family:Arial; font-size:10pt">, 201</font><font style="font-family:Arial; font-size:10pt">3</font></p>
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                        <p style="margin:0pt; border-bottom-style:solid; border-bottom-width:0.5pt; border-bottom-color:#000000; padding-bottom:1pt"><font style="font-family:Arial; font-size:10pt">/s/ Edward J. Shoen&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">E</font><font style="font-family:Arial; font-size:10pt">dward J. Shoen</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">P</font><font style="font-family:Arial; font-size:10pt">resident and Chairman of the Board</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">(Duly Authorized Officer</font><font style="font-family:Arial; font-size:10pt">)</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Date:&#160; June </font><font style="font-family:Arial; font-size:10pt">5</font><font style="font-family:Arial; font-size:10pt">, 201</font><font style="font-family:Arial; font-size:10pt">3</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:151.2pt">
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                        <p style="margin:0pt; border-bottom-style:solid; border-bottom-width:0.5pt; border-bottom-color:#000000; padding-bottom:1pt"><font style="font-family:Arial; font-size:10pt">/s/ Jason A. Berg</font><font style="font-family:Arial; font-size:10pt">&#160;&#160; </font><font style="font-family:Arial; font-size:10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:151.2pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Jason A. Berg</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_HF_F_START_501"></a><a name="EDGAR_HF_F_END_502"></a><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p>
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            <p style="margin:0pt"><a name="EDGAR_HF_H_START_509"></a><a name="EDGAR_HF_H_END_510"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt 0pt 12pt 216pt"><a name="_DMBM_349"></a><a name="EDGAR_PAGE_START121"></a><font style="font-family:Arial; font-size:10pt">POWER OF ATTORNEY</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold">KNOW ALL MEN BY THESE PRESENTS, </font><font style="font-family:Arial; font-size:10pt">that each person whose signature appears below constitutes and appoints Edward J. Shoen his true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments to this </font><font style="font-family:Arial; font-size:10pt">Annual Report on </font><font style="font-family:Arial; font-size:10pt">Form</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">10-K, and to file the same, with all exhibits thereto and other documents in connection therewith with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act or things requisite and necessary to be done in and about the premises, as fully and to all intents and purposes as he might or could do in person hereby ratifying and confirming all that said attorney-in-fact and agent, or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. </font></p>
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                                <p style="margin:0pt 0pt 10pt; text-align:center; line-height:115%; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Title</font></p>
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                            <th style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:104.2pt">
                                <p style="margin:0pt 0pt 10pt; text-align:center; line-height:115%; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Date</font></p>
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:167.4pt">
                                <p style="margin:0pt; border-bottom-style:solid; border-bottom-width:0.5pt; border-bottom-color:#000000; padding-bottom:1pt"><font style="font-family:Arial; font-size:10pt">/s/ Edward J. Shoen</font></p>
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:203.05pt">
                                <p style="margin:0pt; text-align:center; line-height:115%; font-size:10pt"><font style="font-family:Arial; font-size:10pt">President and Chairman of the Board </font><br /><font style="font-family:Arial; font-size:10pt"> (Principal Executive Officer)</font></p>
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104.2pt">
                                <p style="margin:0pt; text-align:center; line-height:115%; font-size:10pt"><font style="font-family:Arial; font-size:10pt">June </font><font style="font-family:Arial; font-size:10pt">5</font><font style="font-family:Arial; font-size:10pt">, 201</font><font style="font-family:Arial; font-size:10pt">3</font></p>
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:167.4pt">
                                <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">E</font><font style="font-family:Arial; font-size:10pt">dward J. Shoen</font></p>
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:203.05pt">
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104.2pt">
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:167.4pt">
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                                <p style="margin:0pt; text-align:center; line-height:115%; font-size:10pt"><font style="font-family:Arial; font-size:10pt">Chief Accounting Officer </font><br /><font style="font-family:Arial; font-size:10pt"> (Principal Financial Officer)</font></p>
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                                <p style="margin:0pt; text-align:center; line-height:115%; font-size:10pt"><font style="font-family:Arial; font-size:10pt">June </font><font style="font-family:Arial; font-size:10pt">5</font><font style="font-family:Arial; font-size:10pt">, 201</font><font style="font-family:Arial; font-size:10pt">3</font></p>
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                                <p style="margin:0pt; text-align:center; line-height:115%; font-size:10pt"><font style="font-family:Arial; font-size:10pt">Director</font></p>
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104.2pt">
                                <p style="margin:0pt; text-align:center; line-height:115%; font-size:10pt"><font style="font-family:Arial; font-size:10pt">June </font><font style="font-family:Arial; font-size:10pt">5</font><font style="font-family:Arial; font-size:10pt">, 201</font><font style="font-family:Arial; font-size:10pt">3</font></p>
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                                <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">J</font><font style="font-family:Arial; font-size:10pt">ohn P. Brogan</font></p>
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                                <p style="margin:0pt 0pt 10pt; text-align:center; line-height:18pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p>
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:167.4pt">
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                                <p style="margin:0pt; text-align:center; line-height:115%; font-size:10pt"><font style="font-family:Arial; font-size:10pt">Director</font></p>
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104.2pt">
                                <p style="margin:0pt; text-align:center; line-height:115%; font-size:10pt"><font style="font-family:Arial; font-size:10pt">June </font><font style="font-family:Arial; font-size:10pt">5</font><font style="font-family:Arial; font-size:10pt">, 201</font><font style="font-family:Arial; font-size:10pt">3</font></p>
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:167.4pt">
                                <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">J</font><font style="font-family:Arial; font-size:10pt">ohn M. Dodds</font></p>
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                                <p style="margin:0pt; text-align:center; line-height:115%; font-size:8pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:167.4pt">
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:203.05pt">
                                <p style="margin:0pt; text-align:center; line-height:115%; font-size:10pt"><font style="font-family:Arial; font-size:10pt">Director</font></p>
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104.2pt">
                                <p style="margin:0pt; text-align:center; line-height:115%; font-size:10pt"><font style="font-family:Arial; font-size:10pt">June </font><font style="font-family:Arial; font-size:10pt">5</font><font style="font-family:Arial; font-size:10pt">, 201</font><font style="font-family:Arial; font-size:10pt">3</font></p>
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                        <tr style="height:15.25pt">
                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:167.4pt">
                                <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">M</font><font style="font-family:Arial; font-size:10pt">ichael L. Gallagher</font></p>
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:203.05pt">
                                <p style="margin:0pt; text-align:center; line-height:115%; font-size:8pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104.2pt">
                                <p style="margin:0pt 0pt 10pt; text-align:center; line-height:18pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p>
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:167.4pt">
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:203.05pt">
                                <p style="margin:0pt; text-align:center; line-height:115%; font-size:10pt"><font style="font-family:Arial; font-size:10pt">Director</font></p>
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104.2pt">
                                <p style="margin:0pt; text-align:center; line-height:115%; font-size:10pt"><font style="font-family:Arial; font-size:10pt">June </font><font style="font-family:Arial; font-size:10pt">5</font><font style="font-family:Arial; font-size:10pt">, 201</font><font style="font-family:Arial; font-size:10pt">3</font></p>
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:167.4pt">
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:203.05pt">
                                <p style="margin:0pt; text-align:center; line-height:115%; font-size:8pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:104.2pt">
                                <p style="margin:0pt 0pt 10pt; text-align:center; line-height:18pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p>
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:203.05pt">
                                <p style="margin:0pt; text-align:center; line-height:115%; font-size:10pt"><font style="font-family:Arial; font-size:10pt">Director</font></p>
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:104.2pt">
                                <p style="margin:0pt; text-align:center; line-height:115%; font-size:10pt"><font style="font-family:Arial; font-size:10pt">June </font><font style="font-family:Arial; font-size:10pt">5</font><font style="font-family:Arial; font-size:10pt">, 201</font><font style="font-family:Arial; font-size:10pt">3</font></p>
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                            <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:167.4pt">
                                <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">J</font><font style="font-family:Arial; font-size:10pt">ames P. Shoen</font></p>
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<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>2
<FILENAME>exhibit231.htm
<DESCRIPTION>CONSENT OF BDO USA, LLC
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            <p style="margin:0pt 0pt 6pt; text-align:right"><a name="EDGAR_PAGE_START1"></a><font style="font-family:Arial; font-size:10pt; text-transform:uppercase">EXHIBIT 23.1</font></p>
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            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</font></p>
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            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">AMERCO</font></p>
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            <p style="margin:6pt 0pt 0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We hereby consent to the incorporation by reference in the Registration Statements on Form S-3 (No. 33-56571 and 333-169832) of AMERCO and consolidated </font><font style="font-family:Arial; font-size:10pt">subsidiaries (the &#8220;Company&#8221;) of our reports dated June 5, 2013, relating to the consolidated financial statements and financial statement schedules, and the effectiveness of the Company&#8217;s internal control over financial reporting, which appear in this Form</font><font style="font-family:Arial; font-size:10pt"> 10-K.</font></p>
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<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>3
<FILENAME>exhibit311.htm
<DESCRIPTION>RULE 13 CERT EDWARD J. SHOEN
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            <p style="margin:0pt 0pt 10pt; text-align:right; line-height:115%; font-size:10pt"><a name="EDGAR_PAGE_START1"></a><font style="font-family:Arial; font-size:10pt">EXHIBIT 31.1 </font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:11pt; font-weight:bold">Rule 13a-14(a)/15d-14(a) Certification</font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:11pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">I, Edward J. Shoen, certify that:</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 6pt 21.6pt; text-indent:-21.6pt; text-align:justify"><font style="font-family:Arial; font-size:11pt; font-weight:normal; font-style:normal">1.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">have reviewed this annual report on Form 10-K of AMERCO (the &#8220;Registrant&#8221;);</font></p>
            <p style="margin:0pt 0pt 6pt 21.6pt; text-indent:-21.6pt; text-align:justify"><font style="font-family:Arial; font-size:11pt; font-weight:normal; font-style:normal">2.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">B</font><font style="font-family:Arial; font-size:10pt">ased on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with resp</font><font style="font-family:Arial; font-size:10pt">ect to the period covered by this report; </font></p>
            <p style="margin:0pt 0pt 6pt 21.6pt; text-indent:-21.6pt; text-align:justify"><font style="font-family:Arial; font-size:11pt; font-weight:normal; font-style:normal">3.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">B</font><font style="font-family:Arial; font-size:10pt">ased on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of th</font><font style="font-family:Arial; font-size:10pt">e Registrant as of, and for, the periods presented in this report;</font></p>
            <p style="margin:0pt 0pt 6pt 21.6pt; text-indent:-21.6pt; text-align:justify"><font style="font-family:Arial; font-size:11pt; font-weight:normal; font-style:normal">4.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">The Registrant&#8217;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15</font><font style="font-family:Arial; font-size:10pt">(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have: </font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-25.2pt"><font style="font-family:Arial; font-size:10pt; font-weight:normal; font-style:normal">(a)</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">D</font><font style="font-family:Arial; font-size:10pt">esigned such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed u</font><font style="font-family:Arial; font-size:10pt">nder our supervision, to ensure that material information relating to the Registrant&#8217;s, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-25.2pt"><font style="font-family:Arial; font-size:10pt; font-weight:normal; font-style:normal">(b)</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Des</font><font style="font-family:Arial; font-size:10pt">igned such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of fin</font><font style="font-family:Arial; font-size:10pt">ancial statements for external purposes in accordance with generally accepted accounting principles;</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-25.2pt"><font style="font-family:Arial; font-size:10pt; font-weight:normal; font-style:normal">(c)</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Evaluated the effectiveness of the Registrant&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of </font><font style="font-family:Arial; font-size:10pt">the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-25.2pt"><font style="font-family:Arial; font-size:10pt; font-weight:normal; font-style:normal">(d)</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">Disclosed in this report any change in the Registrant&#8217;s internal control over financial reporting that occurred during the Registrant&#8217;s</font><font style="font-family:Arial; font-size:10pt"> most recent fiscal quarter (the Registrant&#8217;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant&#8217;s internal control over financial reporting; and</font></p>
            <p style="margin:0pt 0pt 6pt 21.6pt; text-indent:-21.6pt; text-align:justify"><font style="font-family:Arial; font-size:11pt; font-weight:normal; font-style:normal">5.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">The Registrant&#8217;</font><font style="font-family:Arial; font-size:10pt">s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant&#8217;s auditors and the audit committee of the Registrant&#8217;s board of directors (or persons performing the equ</font><font style="font-family:Arial; font-size:10pt">ivalent functions):</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-25.2pt"><font style="font-family:Arial; font-size:10pt">(a)</font><font style="font-family:Arial; font-size:10pt">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant&#8217;s ability to record, process, summarize and </font><font style="font-family:Arial; font-size:10pt">report financial information; and </font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-25.2pt"><font style="font-family:Arial; font-size:10pt">(b)</font><font style="font-family:Arial; font-size:10pt">Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant&#8217;s internal control over financial reporting.</font><font style="font-family:Arial; font-size:10pt"> </font><br /><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; border-bottom-style:solid; border-bottom-width:0.5pt; border-bottom-color:#000000; padding-bottom:1pt"><font style="font-family:Arial; font-size:10pt">/s/&#160; Edward J. Shoen</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Edward J. Shoen</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">President and Chairman of the </font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Date: June 5, 2013</font></p>
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<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>4
<FILENAME>exhibit312.htm
<DESCRIPTION>RULE 13 CERT JASON A. BERG
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            <p style="margin:0pt 0pt 6pt; text-align:right"><a name="EDGAR_PAGE_START1"></a><font style="font-family:Arial; font-size:10pt; text-transform:uppercase">EXHIBIT 31.2 </font></p>
            <p style="margin:0pt 0pt 6pt"><font style="font-family:Arial; font-size:11pt; font-weight:bold">Rule 13a-14(a)/15d-14(a) Certification</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">I, Jason A. Berg, certify that:</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 6pt 21.6pt; text-indent:-21.6pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">1.</font><font style="font-family:Arial; font-size:10pt">I have reviewed this annual report on Form 10-K of AMERCO (the &#8220;Registrant&#8221;);</font></p>
            <p style="margin:0pt 0pt 6pt 21.6pt; text-indent:-21.6pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">2.</font><font style="font-family:Arial; font-size:10pt">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with res</font><font style="font-family:Arial; font-size:10pt">pect to the period covered by this report; </font></p>
            <p style="margin:0pt 0pt 6pt 21.6pt; text-indent:-21.6pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">3.</font><font style="font-family:Arial; font-size:10pt">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows o</font><font style="font-family:Arial; font-size:10pt">f the Registrant as of, and for, the periods presented in this report;</font></p>
            <p style="margin:0pt 0pt 6pt 21.6pt; text-indent:-21.6pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">4.</font><font style="font-family:Arial; font-size:10pt">The Registrant&#8217;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and</font><font style="font-family:Arial; font-size:10pt"> 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have: </font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-25.2pt"><font style="font-family:Arial; font-size:10pt">(a)</font><font style="font-family:Arial; font-size:10pt">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be</font><font style="font-family:Arial; font-size:10pt"> designed under our supervision, to ensure that material information relating to the Registrant&#8217;s, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being pr</font><font style="font-family:Arial; font-size:10pt">epared;</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-25.2pt"><font style="font-family:Arial; font-size:10pt">(b)</font><font style="font-family:Arial; font-size:10pt">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the pre</font><font style="font-family:Arial; font-size:10pt">paration of financial statements for external purposes in accordance with generally accepted accounting principles;</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-25.2pt"><font style="font-family:Arial; font-size:10pt">(c)</font><font style="font-family:Arial; font-size:10pt">Evaluated the effectiveness of the Registrant&#8217;s disclosure controls and procedures and presented in this report our conclusions about th</font><font style="font-family:Arial; font-size:10pt">e effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-25.2pt"><font style="font-family:Arial; font-size:10pt">(d)</font><font style="font-family:Arial; font-size:10pt">Disclosed in this report any change in the Registrant&#8217;s internal control over financial reporting that occurred </font><font style="font-family:Arial; font-size:10pt">during the Registrant&#8217;s most recent fiscal quarter (the Registrant&#8217;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant&#8217;s internal control over financial reporti</font><font style="font-family:Arial; font-size:10pt">ng; and </font></p>
            <p style="margin:0pt 0pt 6pt 21.6pt; text-indent:-21.6pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">5.</font><font style="font-family:Arial; font-size:10pt">The Registrant&#8217;s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant&#8217;s auditors and the audit committee of the Registrant&#8217;s board of directors (or</font><font style="font-family:Arial; font-size:10pt"> persons performing the equivalent functions):</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-25.2pt"><font style="font-family:Arial; font-size:10pt">(a)</font><font style="font-family:Arial; font-size:10pt">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant&#8217;s ability to reco</font><font style="font-family:Arial; font-size:10pt">rd, process, summarize and report financial information; and</font></p>
            <p style="margin:0pt 0pt 6pt 43.2pt; text-indent:-25.2pt"><font style="font-family:Arial; font-size:10pt">(b)</font><font style="font-family:Arial; font-size:10pt">Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant&#8217;s internal control over financial reporting.</font><br /><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; border-bottom-style:solid; border-bottom-width:0.5pt; border-bottom-color:#000000; padding-bottom:1pt"><font style="font-family:Arial; font-size:10pt">/s/&#160; </font><font style="font-family:Arial; font-size:10pt">Jason A. Ber</font><font style="font-family:Arial; font-size:10pt">g</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Jason A. Berg</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Principal Financial Officer and</font><font style="font-family:Arial; font-size:10pt"> </font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Date: June 5, 2013</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Chief Accounting Officer of AMERCO</font><font style="font-family:Arial; font-size:10pt"> </font></p>
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<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>5
<FILENAME>exhibit321.htm
<DESCRIPTION>CERT FOR 404 EDWARD J. SHOEN
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            <p style="margin:0pt 0pt 10pt; text-align:right; line-height:18pt"><a name="EDGAR_PAGE_START1"></a><font style="font-family:Arial; font-size:10pt">EXHIBIT 32.1</font></p>
            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,</font><br /><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">In connection with the Form 10-K for the year ended March 31, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> of AMERCO (the &#8220;Company&#8221;), as filed with the Securities and Exchange Commission on June </font><font style="font-family:Arial; font-size:10pt">5</font><font style="font-family:Arial; font-size:10pt">, 201</font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt"> (the &#8220;Report&#8221;), I, Edward J. Shoen, President and Chairman of the Board of the Company, certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, tha</font><font style="font-family:Arial; font-size:10pt">t: </font></p>
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            <p style="margin:0pt 0pt 6pt; text-align:right"><a name="EDGAR_PAGE_START1"></a><font style="font-family:Arial; font-size:10pt; text-transform:uppercase">EXHIBIT 32.2</font></p>
            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,</font><br /><font style="font-family:Arial; font-size:11pt; font-weight:bold; text-transform:uppercase">AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</font></p>
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
