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Consolidating Financial Information by Industry Segment (Table Text Block) | 12 Months Ended
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Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2014
Table Text Block Supplement [Abstract] |  |  |
Consolidated Balance Sheet by Industry Segment |
|  | Moving & Storage Consolidated |  | Property & Casualty Insurance (a) |  | Life Insurance (a) |  | Eliminations |  |  | AMERCO Consolidated
|  | (In thousands)
Assets: |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 585,666 | $ | 14,049 | $ | 931 | $ | – |  | $ | 600,646
Reinsurance recoverables and trade receivables, net |  | 34,451 |  | 111,978 |  | 28,781 |  | – |  |  | 175,210
Inventories, net |  | 79,756 |  | – |  | – |  | – |  |  | 79,756
Prepaid expenses |  | 134,300 |  | – |  | – |  | – |  |  | 134,300
Investments, fixed maturities and marketable equities |  | – |  | 238,570 |  | 1,271,968 |  | – |  |  | 1,510,538
Investments, other |  | 21,431 |  | 47,374 |  | 241,267 |  | – |  |  | 310,072
Deferred policy acquisition costs, net |  | – |  | – |  | 136,386 |  | – |  |  | 136,386
Other assets |  | 95,081 |  | 3,088 |  | 2,403 |  | – |  |  | 100,572
Related party assets |  | 88,022 |  | 12,465 |  | 613 |  | (15,366) | (c) |  | 85,734
|  | 1,038,707 |  | 427,524 |  | 1,682,349 |  | (15,366) |  |  | 3,133,214
Investment in subsidiaries |  | 432,277 |  | – |  | – |  | (432,277) | (b) |  | –
Property, plant and equipment, at cost: |  |  |  |  |  |  |  |  |  |  |
Land |  | 587,347 |  | – |  | – |  | – |  |  | 587,347
Buildings and improvements |  | 2,187,400 |  | – |  | – |  | – |  |  | 2,187,400
Furniture and equipment |  | 399,943 |  | – |  | – |  | – |  |  | 399,943
Rental trailers and other rental equipment |  | 462,379 |  | – |  | – |  | – |  |  | 462,379
Rental trucks |  | 3,514,175 |  | – |  | – |  | – |  |  | 3,514,175
|  | 7,151,244 |  | – |  | – |  | – |  |  | 7,151,244
Less: Accumulated depreciation |  | (2,133,733) |  | – |  | – |  | – |  |  | (2,133,733)
Total property, plant and equipment |  | 5,017,511 |  | – |  | – |  | – |  |  | 5,017,511
Total assets | $ | 6,488,495 | $ | 427,524 | $ | 1,682,349 | $ | (447,643) |  | $ | 8,150,725
(a) Balances as of December 31, 2015 |  |  |  |  |  |  |  |  |  |  |
(b) Eliminate investment in subsidiaries |  |  |  |  |  |  |  |  |  |  |
(c) Eliminate intercompany receivables and payables |  |  |  |  |  |  |  |  |  |  |
|  | Moving & Storage Consolidated |  | Property & Casualty Insurance (a) |  | Life Insurance (a) |  | Eliminations |  |  | AMERCO Consolidated
|  | (In thousands)
Liabilities: |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses | $ | 492,982 | $ | 1,535 | $ | 8,096 | $ | – |  | $ | 502,613
Notes, loans and leases payable |  | 2,688,758 |  | – |  | – |  | – |  |  | 2,688,758
Policy benefits and losses, claims and loss expenses payable |  | 386,366 |  | 252,819 |  | 432,227 |  | – |  |  | 1,071,412
Liabilities from investment contracts |  | – |  | – |  | 951,490 |  | – |  |  | 951,490
Other policyholders' funds and liabilities |  | – |  | 3,017 |  | 5,633 |  | – |  |  | 8,650
Deferred income |  | 22,784 |  | – |  | – |  | – |  |  | 22,784
Deferred income taxes |  | 633,061 |  | 7,526 |  | 13,025 |  | – |  |  | 653,612
Related party liabilities |  | 13,138 |  | 2,067 |  | 161 |  | (15,366) | (c) |  | –
Total liabilities |  | 4,237,089 |  | 266,964 |  | 1,410,632 |  | (15,366) |  |  | 5,899,319
Stockholders' equity : |  |  |  |  |  |  |  |  |  |  |
Series preferred stock: |  |  |  |  |  |  |  |  |  |  |
Series A preferred stock |  | – |  | – |  | – |  | – |  |  | –
Series B preferred stock |  | – |  | – |  | – |  | – |  |  | –
Series A common stock |  | – |  | – |  | – |  | – |  |  | –
Common stock |  | 10,497 |  | 3,301 |  | 2,500 |  | (5,801) | (b) |  | 10,497
Additional paid-in capital |  | 451,839 |  | 91,120 |  | 26,271 |  | (117,601) | (b) |  | 451,629
Accumulated other comprehensive income (loss) |  | (60,525) |  | 3,611 |  | 10,504 |  | (14,115) | (b) |  | (60,525)
Retained earnings |  | 2,533,431 |  | 62,528 |  | 232,442 |  | (294,760) | (b) |  | 2,533,641
Cost of common shares in treasury, net |  | (525,653) |  | – |  | – |  | – |  |  | (525,653)
Cost of preferred shares in treasury, net |  | (151,997) |  | – |  | – |  | – |  |  | (151,997)
Unearned employee stock ownership plan shares |  | (6,186) |  | – |  | – |  | – |  |  | (6,186)
Total stockholders' equity |  | 2,251,406 |  | 160,560 |  | 271,717 |  | (432,277) |  |  | 2,251,406
Total liabilities and stockholders' equity | $ | 6,488,495 | $ | 427,524 | $ | 1,682,349 | $ | (447,643) |  | $ | 8,150,725
(a) Balances as of December 31, 2015 |  |  |  |  |  |  |  |  |  |  |
(b) Eliminate investment in subsidiaries |  |  |  |  |  |  |  |  |  |  |
(c) Eliminate intercompany receivables and payables |  |  |  |  |  |  |  |  |  |  |
|  | Moving & Storage Consolidated |  | Property & Casualty Insurance (a) |  | Life Insurance (a) |  | Eliminations |  |  | AMERCO Consolidated
|  | (In thousands)
Assets: |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 431,873 | $ | 8,495 | $ | 1,482 | $ | – |  | $ | 441,850
Reinsurance recoverables and trade receivables, net |  | 32,364 |  | 125,506 |  | 31,999 |  | – |  |  | 189,869
Inventories, net |  | 69,472 |  | – |  | – |  | – |  |  | 69,472
Prepaid expenses |  | 126,296 |  | – |  | – |  | – |  |  | 126,296
Investments, fixed maturities and marketable equities |  | – |  | 228,530 |  | 1,076,432 |  | – |  |  | 1,304,962
Investments, other |  | 27,637 |  | 50,867 |  | 190,216 |  | – |  |  | 268,720
Deferred policy acquisition costs, net |  | – |  | – |  | 115,422 |  | – |  |  | 115,422
Other assets |  | 101,689 |  | 1,924 |  | 2,544 |  | – |  |  | 106,157
Related party assets |  | 144,040 |  | 13,268 |  | 586 |  | (16,104) | (c) |  | 141,790
|  | 933,371 |  | 428,590 |  | 1,418,681 |  | (16,104) |  |  | 2,764,538
Investment in subsidiaries |  | 443,462 |  | – |  | – |  | (443,462) | (b) |  | –
Property, plant and equipment, at cost: |  |  |  |  |  |  |  |  |  |  |
Land |  | 467,482 |  | – |  | – |  | – |  |  | 467,482
Buildings and improvements |  | 1,728,033 |  | – |  | – |  | – |  |  | 1,728,033
Furniture and equipment |  | 355,349 |  | – |  | – |  | – |  |  | 355,349
Rental trailers and other rental equipment |  | 436,642 |  | – |  | – |  | – |  |  | 436,642
Rental trucks |  | 3,059,987 |  | – |  | – |  | – |  |  | 3,059,987
|  | 6,047,493 |  | – |  | – |  | – |  |  | 6,047,493
Less: Accumulated depreciation |  | (1,939,856) |  | – |  | – |  | – |  |  | (1,939,856)
Total property, plant and equipment |  | 4,107,637 |  | – |  | – |  | – |  |  | 4,107,637
Total assets | $ | 5,484,470 | $ | 428,590 | $ | 1,418,681 | $ | (459,566) |  | $ | 6,872,175
(a) Balances as of December 31, 2014 |  |  |  |  |  |  |  |  |  |  |
(b) Eliminate investment in subsidiaries |  |  |  |  |  |  |  |  |  |  |
(c) Eliminate intercompany receivables and payables |  |  |  |  |  |  |  |  |  |  |
|  | Moving & Storage Consolidated |  | Property & Casualty Insurance (a) |  | Life Insurance (a) |  | Eliminations |  |  | AMERCO Consolidated
|  | (In thousands)
Liabilities: |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses | $ | 489,140 | $ | 1,235 | $ | 5,995 | $ | – |  | $ | 496,370
Notes, loans and leases payable |  | 2,190,869 |  | – |  | – |  | – |  |  | 2,190,869
Policy benefits and losses, claims and loss expenses payable |  | 363,552 |  | 271,744 |  | 426,892 |  | – |  |  | 1,062,188
Liabilities from investment contracts |  | – |  | – |  | 685,745 |  | – |  |  | 685,745
Other policyholders' funds and liabilities |  | – |  | 2,837 |  | 4,927 |  | – |  |  | 7,764
Deferred income |  | 18,081 |  | – |  | – |  | – |  |  | 18,081
Deferred income taxes |  | 524,550 |  | (18,592) |  | 20,841 |  | – |  |  | 526,799
Related party liabilities |  | 13,919 |  | 2,073 |  | 112 |  | (16,104) | (c) |  | –
Total liabilities |  | 3,600,111 |  | 259,297 |  | 1,144,512 |  | (16,104) |  |  | 4,987,816
Stockholders' equity : |  |  |  |  |  |  |  |  |  |  |
Series preferred stock: |  |  |  |  |  |  |  |  |  |  |
Series A preferred stock |  | – |  | – |  | – |  | – |  |  | –
Series B preferred stock |  | – |  | – |  | – |  | – |  |  | –
Series A common stock |  | – |  | – |  | – |  | – |  |  | –
Common stock |  | 10,497 |  | 3,301 |  | 2,500 |  | (5,801) | (b) |  | 10,497
Additional paid-in capital |  | 449,878 |  | 91,120 |  | 26,271 |  | (117,601) | (b) |  | 449,668
Accumulated other comprehensive income (loss) |  | (34,365) |  | 8,871 |  | 32,310 |  | (41,181) | (b) |  | (34,365)
Retained earnings (deficit) |  | 2,142,390 |  | 66,001 |  | 213,088 |  | (278,879) | (b) |  | 2,142,600
Cost of common shares in treasury, net |  | (525,653) |  | – |  | – |  | – |  |  | (525,653)
Cost of preferred shares in treasury, net |  | (151,997) |  | – |  | – |  | – |  |  | (151,997)
Unearned employee stock ownership plan shares |  | (6,391) |  | – |  | – |  | – |  |  | (6,391)
Total stockholders' equity (deficit) | $ | 1,884,359 |  | 169,293 |  | 274,169 |  | (443,462) |  |  | 1,884,359
Total liabilities and stockholders' equity |  | 5,484,470 | $ | 428,590 | $ | 1,418,681 | $ | (459,566) |  | $ | 6,872,175
(a) Balances as of December 31, 2014 |  |  |  |  |  |  |  |  |  |  |
(b) Eliminate investment in subsidiaries |  |  |  |  |  |  |  |  |  |  |
(c) Eliminate intercompany receivables and payables |  |  |  |  |  |  |  |  |  |  |
Consolidated Statement of Operations by Industry Segment |
|  | Moving & Storage Consolidated |  | Property & Casualty Insurance (a) |  | Life Insurance (a) |  | Eliminations |  |  | AMERCO Consolidated
|  | (In thousands)
Revenues: |  |  |  |  |  |  |  |  |  |  |
Self-moving equipment rentals | $ | 2,301,586 | $ | – | $ | – | $ | (3,606) | (c) | $ | 2,297,980
Self-storage revenues |  | 247,944 |  | – |  | – |  | – |  |  | 247,944
Self-moving & self-storage products & service sales |  | 251,541 |  | – |  | – |  | – |  |  | 251,541
Property management fees |  | 26,533 |  | – |  | – |  | – |  |  | 26,533
Life insurance premiums |  | – |  | – |  | 162,662 |  | – |  |  | 162,662
Property and casualty insurance premiums |  | – |  | 50,020 |  | – |  | – |  |  | 50,020
Net investment and interest income |  | 8,801 |  | 14,783 |  | 63,999 |  | (778) | (b) |  | 86,805
Other revenue |  | 148,099 |  | – |  | 4,559 |  | (487) | (b) |  | 152,171
Total revenues |  | 2,984,504 |  | 64,803 |  | 231,220 |  | (4,871) |  |  | 3,275,656
Costs and expenses: |  |  |  |  |  |  |  |  |  |  |
Operating expenses |  | 1,423,107 |  | 27,958 |  | 23,037 |  | (4,055) | (b,c) |  | 1,470,047
Commission expenses |  | 262,627 |  | – |  | – |  | – |  |  | 262,627
Cost of sales |  | 144,990 |  | – |  | – |  | – |  |  | 144,990
Benefits and losses |  | – |  | 12,298 |  | 155,138 |  | – |  |  | 167,436
Amortization of deferred policy acquisition costs |  | – |  | – |  | 23,272 |  | – |  |  | 23,272
Lease expense |  | 49,966 |  | – |  | – |  | (186) | (b) |  | 49,780
Depreciation, net of (gains) losses on disposals |  | 290,690 |  | – |  | – |  | – |  |  | 290,690
Total costs and expenses |  | 2,171,380 |  | 40,256 |  | 201,447 |  | (4,241) |  |  | 2,408,842
Earnings from operations before equity in earnings of subsidiaries |  | 813,124 |  | 24,547 |  | 29,773 |  | (630) |  |  | 866,814
Equity in earnings of subsidiaries |  | 35,522 |  | – |  | – |  | (35,522) | (d) |  | –
Earnings from operations |  | 848,646 |  | 24,547 |  | 29,773 |  | (36,152) |  |  | 866,814
Interest expense |  | (98,533) |  | – |  | – |  | 630 | (b) |  | (97,903)
Pretax earnings |  | 750,113 |  | 24,547 |  | 29,773 |  | (35,522) |  |  | 768,911
Income tax expense |  | (261,112) |  | (8,379) |  | (10,419) |  | – |  |  | (279,910)
Earnings available to common shareholders | $ | 489,001 | $ | 16,168 | $ | 19,354 | $ | (35,522) |  | $ | 489,001
(a) Balances for the year ended December 31, 2015 |  |  |  |  |  |  |  |  |  |  |
(b) Eliminate intercompany lease / interest income |  |  |  |  |  |  |  |  |  |  |
(c) Eliminate intercompany premiums |  |  |  |  |  |  |  |  |  |  |
(d) Eliminate equity in earnings of subsidiaries |  |  |  |  |  |  |  |  |  |  |
|  | Moving & Storage Consolidated |  | Property & Casualty Insurance (a) |  | Life Insurance (a) |  | Eliminations |  |  | AMERCO Consolidated
|  | (In thousands)
Revenues: |  |  |  |  |  |  |  |  |  |  |
Self-moving equipment rentals | $ | 2,149,986 | $ | – | $ | – | $ | (3,595) | (c) | $ | 2,146,391
Self-storage revenues |  | 211,136 |  | – |  | – |  | – |  |  | 211,136
Self-moving & self-storage products & service sales |  | 244,177 |  | – |  | – |  | – |  |  | 244,177
Property management fees |  | 25,341 |  | – |  | – |  | – |  |  | 25,341
Life insurance premiums |  | – |  | – |  | 156,103 |  | – |  |  | 156,103
Property and casualty insurance premiums |  | – |  | 46,456 |  | – |  | – |  |  | 46,456
Net investment and interest income |  | 13,644 |  | 12,819 |  | 59,051 |  | (786) | (b) |  | 84,728
Other revenue |  | 156,154 |  | – |  | 4,502 |  | (457) | (b) |  | 160,199
Total revenues |  | 2,800,438 |  | 59,275 |  | 219,656 |  | (4,838) |  |  | 3,074,531
Costs and expenses: |  |  |  |  |  |  |  |  |  |  |
Operating expenses |  | 1,436,145 |  | 24,802 |  | 22,476 |  | (4,014) | (b,c) |  | 1,479,409
Commission expenses |  | 249,642 |  | – |  | – |  | – |  |  | 249,642
Cost of sales |  | 146,072 |  | – |  | – |  | – |  |  | 146,072
Benefits and losses |  | – |  | 10,996 |  | 147,764 |  | – |  |  | 158,760
Amortization of deferred policy acquisition costs |  | – |  | – |  | 19,661 |  | – |  |  | 19,661
Lease expense |  | 79,984 |  | – |  | – |  | (186) | (b) |  | 79,798
Depreciation, net of (gains) losses on disposals |  | 278,165 |  | – |  | – |  | – |  |  | 278,165
Total costs and expenses |  | 2,190,008 |  | 35,798 |  | 189,901 |  | (4,200) |  |  | 2,411,507
Earnings from operations before equity in earnings of subsidiaries |  | 610,430 |  | 23,477 |  | 29,755 |  | (638) |  |  | 663,024
Equity in earnings of subsidiaries |  | 34,783 |  | – |  | – |  | (34,783) | (d) |  | –
Earnings from operations |  | 645,213 |  | 23,477 |  | 29,755 |  | (35,421) |  |  | 663,024
Interest expense |  | (98,163) |  | – |  | – |  | 638 | (b) |  | (97,525)
Fees and amortization on early extinguishment of debt |  | (4,081) |  | – |  | – |  | – |  |  | (4,081)
Pretax earnings |  | 542,969 |  | 23,477 |  | 29,755 |  | (34,783) |  |  | 561,418
Income tax expense |  | (186,228) |  | (8,060) |  | (10,389) |  | – |  |  | (204,677)
Earnings available to common shareholders | $ | 356,741 | $ | 15,417 | $ | 19,366 | $ | (34,783) |  | $ | 356,741
(a) Balances for the year ended December 31, 2014 |  |  |  |  |  |  |  |  |  |  |
(b) Eliminate intercompany lease/interest income |  |  |  |  |  |  |  |  |  |  |
(c) Eliminate intercompany premiums |  |  |  |  |  |  |  |  |  |  |
(d) Eliminate equity in earnings of subsidiaries |  |  |  |  |  |  |  |  |  |  |
|  | Moving & Storage Consolidated |  | Property & Casualty Insurance (a) |  | Life Insurance (a) |  | Eliminations |  |  | AMERCO Consolidated
|  | (In thousands)
Revenues: |  |  |  |  |  |  |  |  |  |  |
Self-moving equipment rentals | $ | 1,958,209 | $ | – | $ | – | $ | (2,786) | (c) | $ | 1,955,423
Self-storage revenues |  | 181,794 |  | – |  | – |  | – |  |  | 181,794
Self-moving & self-storage products & service sales |  | 234,187 |  | – |  | – |  | – |  |  | 234,187
Property management fees |  | 24,493 |  | – |  | – |  | – |  |  | 24,493
Life insurance premiums |  | – |  | – |  | 157,919 |  | – |  |  | 157,919
Property and casualty insurance premiums |  | – |  | 41,052 |  | – |  | – |  |  | 41,052
Net investment and interest income |  | 15,212 |  | 10,592 |  | 54,398 |  | (611) | (b) |  | 79,591
Other revenue |  | 158,055 |  | – |  | 3,211 |  | (473) | (b) |  | 160,793
Total revenues |  | 2,571,950 |  | 51,644 |  | 215,528 |  | (3,870) |  |  | 2,835,252
Costs and expenses: |  |  |  |  |  |  |  |  |  |  |
Operating expenses |  | 1,272,406 |  | 20,799 |  | 23,686 |  | (3,217) | (b,c) |  | 1,313,674
Commission expenses |  | 227,332 |  | – |  | – |  | – |  |  | 227,332
Cost of sales |  | 127,270 |  | – |  | – |  | – |  |  | 127,270
Benefits and losses |  | – |  | 11,513 |  | 145,189 |  | – |  |  | 156,702
Amortization of deferred policy acquisition costs |  | – |  | – |  | 19,982 |  | – |  |  | 19,982
Lease expense |  | 100,649 |  | – |  | – |  | (183) | (b) |  | 100,466
Depreciation, net of (gains) losses on disposals |  | 259,612 |  | – |  | – |  | – |  |  | 259,612
Total costs and expenses |  | 1,987,269 |  | 32,312 |  | 188,857 |  | (3,400) |  |  | 2,205,038
Earnings from operations before equity in earnings of subsidiaries |  | 584,681 |  | 19,332 |  | 26,671 |  | (470) |  |  | 630,214
Equity in earnings of subsidiaries |  | 29,992 |  | – |  | – |  | (29,992) | (d) |  | –
Earnings from operations |  | 614,673 |  | 19,332 |  | 26,671 |  | (30,462) |  |  | 630,214
Interest expense |  | (93,162) |  | – |  | – |  | 470 | (b) |  | (92,692)
Pretax earnings |  | 521,511 |  | 19,332 |  | 26,671 |  | (29,992) |  |  | 537,522
Income tax expense |  | (179,120) |  | (6,670) |  | (9,341) |  | – |  |  | (195,131)
Earnings available to common shareholders | $ | 342,391 | $ | 12,662 | $ | 17,330 | $ | (29,992) |  | $ | 342,391
(a) Balances for the year ended December 31, 2013 |  |  |  |  |  |  |  |  |  |  |
(b) Eliminate intercompany lease/interest income |  |  |  |  |  |  |  |  |  |  |
(c) Eliminate intercompany premiums |  |  |  |  |  |  |  |  |  |  |
(d) Eliminate equity in earnings of subsidiaries |  |  |  |  |  |  |  |  |  |  |
Consolidated Cash Flow Statement by Industry Segment |
|  | Moving & Storage Consolidated |  | Property & Casualty Insurance (a) |  | Life Insurance (a) |  | Elimination |  |  | AMERCO Consolidated
|  | (In thousands)
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |
Net earnings | $ | 489,001 | $ | 16,168 | $ | 19,354 | $ | (35,522) |  | $ | 489,001
Earnings from consolidated subsidiaries |  | (35,522) |  | – |  | – |  | 35,522 |  |  | –
Adjustments to reconcile net earnings to the cash provided by operations: |  |  |  |  |  |  |  |  |  |  |
Depreciation |  | 389,393 |  | – |  | – |  | – |  |  | 389,393
Amortization of deferred policy acquisition costs |  | – |  | – |  | 23,272 |  | – |  |  | 23,272
Interest credited to policyholders |  | – |  | – |  | 20,465 |  | – |  |  | 20,465
Change in allowance for losses on trade receivables |  | 7 |  | – |  | (212) |  | – |  |  | (205)
Change in allowance for inventory reserve |  | (1,343) |  | – |  | – |  | – |  |  | (1,343)
Net gain on sale of real and personal property |  | (98,703) |  | – |  | – |  | – |  |  | (98,703)
Net gain on sale of investments |  | – |  | (1,317) |  | (3,174) |  | – |  |  | (4,491)
Deferred income taxes |  | 124,838 |  | 9,311 |  | 3,926 |  | – |  |  | 138,075
Net change in other operating assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
Reinsurance recoverables and trade receivables |  | (2,169) |  | 13,528 |  | 3,406 |  | – |  |  | 14,765
Inventories |  | (9,009) |  | – |  | – |  | – |  |  | (9,009)
Prepaid expenses |  | (10,338) |  | – |  | – |  | – |  |  | (10,338)
Capitalization of deferred policy acquisition costs |  | – |  | – |  | (32,590) |  | – |  |  | (32,590)
Other assets |  | 16,231 |  | (1,050) |  | 141 |  | – |  |  | 15,322
Related party assets |  | 55,962 |  | 682 |  | – |  | – |  |  | 56,644
Accounts payable and accrued expenses |  | 26,093 |  | 1,533 |  | 9,761 |  | – |  |  | 37,387
Policy benefits and losses, claims and loss expenses payable |  | 23,215 |  | (18,925) |  | 5,336 |  | – |  |  | 9,626
Other policyholders' funds and liabilities |  | – |  | (1,056) |  | 707 |  | – |  |  | (349)
Deferred income |  | 4,757 |  | – |  | – |  | – |  |  | 4,757
Related party liabilities |  | (779) |  | 115 |  | 48 |  | – |  |  | (616)
Net cash provided (used) by operating activities |  | 971,634 |  | 18,989 |  | 50,440 |  | – |  |  | 1,041,063
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Purchases of: |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment |  | (1,509,154) |  | – |  | – |  | – |  |  | (1,509,154)
Short term investments |  | – |  | (44,735) |  | (471,164) |  | – |  |  | (515,899)
Fixed maturities investments |  | – |  | (45,048) |  | (372,014) |  | – |  |  | (417,062)
Equity securities |  | – |  | – |  | (1,315) |  | – |  |  | (1,315)
Preferred stock |  | – |  | (1,005) |  | – |  | – |  |  | (1,005)
Real estate |  | – |  | (36) |  | (39) |  | – |  |  | (75)
Mortgage loans |  | (15,384) |  | (1,800) |  | (85,404) |  | – |  |  | (102,588)
Proceeds from sales and paydowns of: |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment |  | 539,256 |  | – |  | – |  | – |  |  | 539,256
Short term investments |  | – |  | 44,756 |  | 483,424 |  | – |  |  | 528,180
Fixed maturities investments |  | – |  | 26,193 |  | 128,343 |  | – |  |  | 154,536
Equity securities |  | – |  | 1,236 |  | 808 |  | – |  |  | 2,044
Preferred stock |  | – |  | 1,126 |  | – |  | – |  |  | 1,126
Real estate |  | – |  | – |  | – |  | – |  |  | –
Mortgage loans |  | 21,589 |  | 5,878 |  | 21,090 |  | – |  |  | 48,557
Net cash provided (used) by investing activities |  | (963,693) |  | (13,435) |  | (296,271) |  | – |  |  | (1,273,399)
(a) Balance for the period ended December 31, 2015 |  |  |  |  |  |  |  |  |  |  |
(b) Eliminate intercompany investments |  |  |  |  |  |  |  |  |  |  |
|  | Moving & Storage Consolidated |  | Property & Casualty Insurance (a) |  | Life Insurance (a) |  | Elimination |  |  | AMERCO Consolidated
|  | (In thousands)
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Borrowings from credit facilities |  | 808,972 |  | – |  | 47,000 |  | – |  |  | 855,972
Principal repayments on credit facilities |  | (381,403) |  | – |  | (47,000) |  | – |  |  | (428,403)
Debt issuance costs |  | (10,184) |  | – |  | – |  | – |  |  | (10,184)
Capital lease payments |  | (168,661) |  | – |  | – |  | – |  |  | (168,661)
Purchases of Employee Stock Ownership Plan Shares |  | (9,302) |  | – |  | – |  | – |  |  | (9,302)
Securitization deposits |  | 544 |  | – |  | – |  | – |  |  | 544
Common stock dividends paid |  | (78,374) |  | – |  | – |  | – |  |  | (78,374)
Investment contract deposits |  | – |  | – |  | 298,237 |  | – |  |  | 298,237
Investment contract withdrawals |  | – |  | – |  | (52,957) |  | – |  |  | (52,957)
Net cash provided (used) by financing activities |  | 161,592 |  | – |  | 245,280 |  | – |  |  | 406,872
Effects of exchange rate on cash |  | (15,740) |  | – |  | – |  | – |  |  | (15,740)
Decrease in cash and cash equivalents |  | 153,793 |  | 5,554 |  | (551) |  | – |  |  | 158,796
Cash and cash equivalents at beginning of period |  | 431,873 |  | 8,495 |  | 1,482 |  | – |  |  | 441,850
Cash and cash equivalents at end of period | $ | 585,666 | $ | 14,049 | $ | 931 | $ | – |  | $ | 600,646
(a) Balance for the period ended December 31, 2015 |  |  |  |  |  |  |  |  |  |  |
|  | Moving & Storage Consolidated |  | Property & Casualty Insurance (a) |  | Life Insurance (a) |  | Elimination |  |  | AMERCO Consolidated
|  | (In thousands)
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |
Net earnings | $ | 356,741 | $ | 15,417 | $ | 19,366 | $ | (34,783) |  | $ | 356,741
Earnings from consolidated subsidiaries |  | (34,783) |  | – |  | – |  | 34,783 |  |  | –
Adjustments to reconcile net earnings to the cash provided by operations: |  |  |  |  |  |  |  |  |  |  |
Depreciation |  | 352,796 |  | – |  | – |  | – |  |  | 352,796
Amortization of deferred policy acquisition costs |  | – |  | – |  | 19,661 |  | – |  |  | 19,661
Interest credited to policyholders |  | – |  | – |  | 18,110 |  | – |  |  | 18,110
Change in allowance for losses on trade receivables |  | (179) |  | – |  | 11 |  | – |  |  | (168)
Change in allowance for inventory reserve |  | (872) |  | – |  | – |  | – |  |  | (872)
Net gain on sale of real and personal property |  | (74,631) |  | – |  | – |  | – |  |  | (74,631)
Net gain on sale of investments |  | – |  | (841) |  | (3,084) |  | – |  |  | (3,925)
Deferred income taxes |  | 66,628 |  | 8,030 |  | 1,842 |  | – |  |  | 76,500
Net change in other operating assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
Reinsurance recoverables and trade receivables |  | (3,213) |  | 16,830 |  | (3,985) |  | – |  |  | 9,632
Inventories |  | (1,579) |  | – |  | – |  | – |  |  | (1,579)
Prepaid expenses |  | (65,720) |  | – |  | – |  | – |  |  | (65,720)
Capitalization of deferred policy acquisition costs |  | – |  | – |  | (27,084) |  | – |  |  | (27,084)
Other assets |  | 4,437 |  | 102 |  | (804) |  | – |  |  | 3,735
Related party assets |  | 27,753 |  | (258) |  | – |  | 211 | (b) |  | 27,706
Accounts payable and accrued expenses |  | 91,409 |  | 22 |  | 7,446 |  | – |  |  | 98,877
Policy benefits and losses, claims and loss expenses payable |  | (4,327) |  | (23,472) |  | 10,178 |  | – |  |  | (17,621)
Other policyholders' funds and liabilities |  | – |  | 317 |  | 671 |  | – |  |  | 988
Deferred income |  | (13,181) |  | – |  | – |  | – |  |  | (13,181)
Related party liabilities |  | (1,016) |  | 428 |  | (67) |  | (211) | (b) |  | (866)
Net cash provided (used) by operating activities |  | 700,263 |  | 16,575 |  | 42,261 |  | – |  |  | 759,099
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Purchases of: |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment |  | (1,041,931) |  | – |  | – |  | – |  |  | (1,041,931)
Short term investments |  | – |  | (40,583) |  | (249,796) |  | – |  |  | (290,379)
Fixed maturities investments |  | – |  | (43,062) |  | (171,309) |  | – |  |  | (214,371)
Equity securities |  | – |  | (3,333) |  | (426) |  | – |  |  | (3,759)
Preferred stock |  | – |  | (1,006) |  | (1,000) |  | – |  |  | (2,006)
Real estate |  | – |  | (7,857) |  | (7,542) |  | – |  |  | (15,399)
Mortgage loans |  | (22,876) |  | (4,350) |  | (15,457) |  | – |  |  | (42,683)
Proceeds from sales and paydowns of: |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment |  | 411,629 |  | – |  | – |  | – |  |  | 411,629
Short term investments |  | – |  | 53,112 |  | 234,771 |  | – |  |  | 287,883
Fixed maturities investments |  | – |  | 18,556 |  | 89,311 |  | – |  |  | 107,867
Equity securities |  | – |  | 3,082 |  | – |  | – |  |  | 3,082
Preferred stock |  | – |  | 400 |  | 2,027 |  | – |  |  | 2,427
Real estate |  | – |  | – |  | 396 |  | – |  |  | 396
Mortgage loans |  | 28,089 |  | 4,203 |  | 9,691 |  | – |  |  | 41,983
Net cash provided (used) by investing activities |  | (625,089) |  | (20,838) |  | (109,334) |  | – |  |  | (755,261)
(a) Balance for the period ended December 31, 2014 |  |  |  |  |  |  |  |  |  |  |
(b) Eliminate intercompany investments |  |  |  |  |  |  |  |  |  |  |
|  | Moving & Storage Consolidated |  | Property & Casualty Insurance (a) |  | Life Insurance (a) |  | Elimination |  |  | AMERCO Consolidated
|  | (In thousands)
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Borrowings from credit facilities |  | 657,535 |  | – |  | – |  | – |  |  | 657,535
Principal repayments on credit facilities |  | (593,722) |  | – |  | – |  | – |  |  | (593,722)
Debt issuance costs |  | (12,327) |  | – |  | – |  | – |  |  | (12,327)
Capital lease payments |  | (121,202) |  | – |  | – |  | – |  |  | (121,202)
Purchases of Employee Stock Ownership Plan Shares |  | (7,939) |  | – |  | – |  | – |  |  | (7,939)
Common stock dividends paid |  | (19,594) |  | – |  | – |  | – |  |  | (19,594)
Investment contract deposits |  | – |  | – |  | 105,019 |  | – |  |  | 105,019
Investment contract withdrawals |  | – |  | – |  | (54,108) |  | – |  |  | (54,108)
Net cash provided (used) by financing activities |  | (97,249) |  | – |  | 50,911 |  | – |  |  | (46,338)
Effects of exchange rate on cash |  | (10,762) |  | – |  | – |  | – |  |  | (10,762)
Increase (decrease) in cash and cash equivalents |  | (32,837) |  | (4,263) |  | (16,162) |  | – |  |  | (53,262)
Cash and cash equivalents at beginning of period |  | 464,710 |  | 12,758 |  | 17,644 |  | – |  |  | 495,112
Cash and cash equivalents at end of period | $ | 431,873 | $ | 8,495 | $ | 1,482 | $ | – |  | $ | 441,850
(a) Balance for the period ended December 31, 2014 |  |  |  |  |  |  |  |  |  |  |
|  | Moving & Storage Consolidated |  | Property & Casualty Insurance (a) |  | Life Insurance (a) |  | Elimination |  |  | AMERCO Consolidated
|  | (In thousands)
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |
Net earnings | $ | 342,391 | $ | 12,662 | $ | 17,330 | $ | (29,992) |  | $ | 342,391
Earnings from consolidated subsidiaries |  | (29,992) |  | – |  | – |  | 29,992 |  |  | –
Adjustments to reconcile net earnings to the cash provided by operations: |  |  |  |  |  |  |  |  |  |  |
Depreciation |  | 293,169 |  | – |  | – |  | – |  |  | 293,169
Amortization of deferred policy acquisition costs |  | – |  | – |  | 19,982 |  | – |  |  | 19,982
Interest credited to policyholders |  | – |  | – |  | 22,890 |  | – |  |  | 22,890
Change in allowance for losses on trade receivables |  | (28) |  | – |  | (8) |  | – |  |  | (36)
Change in allowance for inventory reserve |  | 871 |  | – |  | – |  | – |  |  | 871
Net gain on sale of real and personal property |  | (33,557) |  | – |  | – |  | – |  |  | (33,557)
Net gain on sale of investments |  | (1,325) |  | (536) |  | (4,550) |  | – |  |  | (6,411)
Deferred income taxes |  | 34,605 |  | 7,301 |  | 4,465 |  | – |  |  | 46,371
Net change in other operating assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
Reinsurance recoverables and trade receivables |  | 14,328 |  | 43,675 |  | 4,503 |  | – |  |  | 62,506
Inventories |  | (11,495) |  | – |  | – |  | – |  |  | (11,495)
Prepaid expenses |  | 2,186 |  | – |  | – |  | – |  |  | 2,186
Capitalization of deferred policy acquisition costs |  | – |  | – |  | (32,611) |  | – |  |  | (32,611)
Other assets |  | 8,670 |  | (781) |  | (222) |  | – |  |  | 7,667
Related party assets |  | 11,060 |  | (4,231) |  | – |  | 725 | (b) |  | 7,554
Accounts payable and accrued expenses |  | 32,394 |  | 62 |  | 3,909 |  | – |  |  | 36,365
Policy benefits and losses, claims and loss expenses payable |  | (8,202) |  | (34,968) |  | 12,674 |  | – |  |  | (30,496)
Other policyholders' funds and liabilities |  | – |  | 513 |  | 118 |  | – |  |  | 631
Deferred income |  | 1,259 |  | – |  | – |  | – |  |  | 1,259
Related party liabilities |  | 5,647 |  | (131) |  | (61) |  | (725) | (b) |  | 4,730
Net cash provided (used) by operating activities |  | 661,981 |  | 23,566 |  | 48,419 |  | – |  |  | 733,966
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Purchases of: |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment |  | (1,000,243) |  | – |  | – |  | – |  |  | (1,000,243)
Short term investments |  | – |  | (60,551) |  | (210,139) |  | – |  |  | (270,690)
Fixed maturities investments |  | – |  | (58,790) |  | (223,634) |  | – |  |  | (282,424)
Equity securities |  | – |  | (746) |  | (816) |  | – |  |  | (1,562)
Preferred stock |  | – |  | (640) |  | – |  | – |  |  | (640)
Real estate |  | – |  | – |  | (532) |  | – |  |  | (532)
Mortgage loans |  | (21,349) |  | (3,500) |  | (39,159) |  | 11,589 | (b) |  | (52,419)
Proceeds from sales and paydowns of: |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment |  | 270,053 |  | – |  | – |  | – |  |  | 270,053
Short term investments |  | – |  | 68,852 |  | 200,200 |  | – |  |  | 269,052
Fixed maturities investments |  | – |  | 17,106 |  | 121,295 |  | – |  |  | 138,401
Equity securities |  | 26,569 |  | 2,570 |  | – |  | – |  |  | 29,139
Preferred stock |  | – |  | 4,504 |  | 1,500 |  | – |  |  | 6,004
Real estate |  | 193 |  | – |  | 351 |  | – |  |  | 544
Mortgage loans |  | 38,959 |  | 6,267 |  | 15,049 |  | (11,589) | (b) |  | 48,686
Net cash provided (used) by investing activities |  | (685,818) |  | (24,928) |  | (135,885) |  | – |  |  | (846,631)
(a) Balance for the period ended December 31, 2013 |  |  |  |  |  |  |  |  |  |  |
(b) Eliminate intercompany investments |  |  |  |  |  |  |  |  |  |  |
|  | Moving & Storage Consolidated |  | Property & Casualty Insurance (a) |  | Life Insurance (a) |  | Elimination |  |  | AMERCO Consolidated
|  | (In thousands)
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Borrowings from credit facilities |  | 431,029 |  | – |  | – |  | – |  |  | 431,029
Principal repayments on credit facilities |  | (293,068) |  | – |  | – |  | – |  |  | (293,068)
Debt issuance costs |  | (3,943) |  | – |  | – |  | – |  |  | (3,943)
Capital lease payments |  | (53,079) |  | – |  | – |  | – |  |  | (53,079)
Purchases of Employee Stock Ownership Plan Shares |  | (207) |  | – |  | – |  | – |  |  | (207)
Securitization deposits |  | – |  | – |  | – |  | – |  |  | –
Common stock dividends paid |  | (19,568) |  | – |  | – |  | – |  |  | (19,568)
Investment contract deposits |  | – |  | – |  | 117,723 |  | – |  |  | 117,723
Investment contract withdrawals |  | – |  | – |  | (34,677) |  | – |  |  | (34,677)
Net cash provided (used) by financing activities |  | 61,164 |  | – |  | 83,046 |  | – |  |  | 144,210
Effects of exchange rate on cash |  | (177) |  | – |  | – |  | – |  |  | (177)
Increase (decrease) in cash and cash equivalents |  | 37,150 |  | (1,362) |  | (4,420) |  | – |  |  | 31,368
Cash and cash equivalents at beginning of period |  | 427,560 |  | 14,120 |  | 22,064 |  | – |  |  | 463,744
Cash and cash equivalents at end of period | $ | 464,710 | $ | 12,758 | $ | 17,644 | $ | – |  | $ | 495,112
(a) Balance for the period ended December 31, 2013 |  |  |  |  |  |  |  |  |  |  |

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