XML 72 R60.htm IDEA: XBRL DOCUMENT v3.25.1

Reportable Segment Information (Table Text Block)

12 Months Ended

Mar. 31, 2025

Mar. 31, 2024

Mar. 31, 2023

Table Text Block Supplement [Abstract]

Consolidated Statement of Operations by Industry Segment

		Moving & Storage Consolidated				Property & Casualty Insurance (a)				Life Insurance (a)				Eliminations					U-Haul Holding Company Consolidated
		(In thousands)
Revenues	$		5,492,774		$		125,164		$		221,869		$		(11,142	)	(b,c)	$		5,828,665
Costs and expenses:
Personnel expenses			1,191,084				—				—				—					1,191,084
Equipment maintenance and repair expenses			785,592				—				—				—					785,592
Other operating expenses			278,450				—				—				—					278,450
Other segment items			953,514				47,729				26,331				(7,229	)	(b,c)			1,020,345
Operating expenses			3,208,640				47,729				26,331				(7,229	)				3,275,471
Commission expenses			407,368				—				—				—					407,368
Cost of product sales			234,145				—				—				—					234,145
Benefits and losses			—				22,313				160,436				—					182,749
Amortization of deferred policy acquisition costs			—				—				18,333				—					18,333
Lease expense			22,907				377				127				(2,908	)	(b)			20,503
Depreciation, net of (gains) losses on disposal			958,184				—				—				—					958,184
Net (gains) losses on disposal of real estate			15,758				—				—				—					15,758
Total costs and expenses			4,847,002				70,419				205,227				(10,137	)				5,112,511
Earnings from operations before equity in earnings of subsidiaries			645,772				54,745				16,642				(1,005	)				716,154
Equity in earnings of subsidiaries			55,280				—				—				(55,280	)	(d)			—
Earnings from operations			701,052				54,745				16,642				(56,285	)				716,154
Other components of net periodic benefit costs			(1,488	)			—				—				—					(1,488	)
Other interest income			59,489				—				—				(432	)	(b)			59,057
Interest expense			(296,721	)			—				(432	)			1,437		(b)			(295,716	)
Fees on early extinguishment of debt and costs of defeasance			(495	)			—				—				—					(495	)
Pretax earnings			461,837				54,745				16,210				(55,280	)				477,512
Income tax expense			(94,747	)			(11,693	)			(3,982	)			—					(110,422	)
Net earnings available to common stockholders	$		367,090		$		43,052		$		12,228		$		(55,280	)		$		367,090
(a) Balances for the year ended December 31, 2024
(b) Eliminate intercompany lease / interest income
(c) Eliminate intercompany premiums
(d) Eliminate equity in earnings of subsidiaries

		Moving & Storage Consolidated				Property & Casualty Insurance (a)				Life Insurance (a)				Eliminations					U-Haul Holding Company Consolidated
		(In thousands)
Revenues	$		5,294,928		$		123,085		$		219,202		$		(11,541	)	(b,c)	$		5,625,674
Costs and expenses:
Personnel expenses			1,134,334				—				—				—					1,134,334
Equipment maintenance and repair expenses			828,725				—				—				—					828,725
Other operating expenses			213,423				—				—				—					213,423
Other segment items			890,210				48,332				19,594				(8,147	)	(b,c)			949,989
Operating expenses			3,066,692				48,332				19,594				(8,147	)				3,126,471
Commission expenses			384,079				—				—				—					384,079
Cost of product sales			241,563				—				—				—					241,563
Benefits and losses			—				11,878				155,157				—					167,035
Amortization of deferred policy acquisition costs			—				—				24,238				—					24,238
Lease expense			34,609				366				61				(2,382	)	(b)			32,654
Depreciation, net of (gains) losses on disposal			663,931				—				—				—					663,931
Net (gains) losses on disposal of real estate			7,914				—				—				—					7,914
Total costs and expenses			4,398,788				60,576				199,050				(10,529	)				4,647,885
Earnings from operations before equity in earnings of subsidiaries			896,140				62,509				20,152				(1,012	)				977,789
Equity in earnings of subsidiaries			65,109				—				—				(65,109	)	(d)			—
Earnings from operations			961,249				62,509				20,152				(66,121	)				977,789
Other components of net periodic benefit costs			(1,458	)			—				—				—					(1,458	)
Other interest income			120,501				—				—				(480	)	(b)			120,021
Interest expense			(257,187	)			—				(480	)			1,492		(b)			(256,175	)
Pretax earnings			823,105				62,509				19,672				(65,109	)				840,177
Income tax expense			(194,398	)			(12,931	)			(4,141	)			—					(211,470	)
Net earnings available to common stockholders	$		628,707		$		49,578		$		15,531		$		(65,109	)		$		628,707
(a) Balances for the year ended December 31, 2023
(b) Eliminate intercompany lease / interest income
(c) Eliminate intercompany premiums
(d) Eliminate equity in earnings of subsidiaries

		Moving & Storage Consolidated				Property & Casualty Insurance (a)				Life Insurance (a)				Eliminations					U-Haul Holding Company Consolidated
		(In thousands)
Revenues	$		5,567,714		$		103,512		$		206,100		$		(12,635	)	(b,c)	$		5,864,691
Costs and expenses:
Personnel expenses			1,084,220				—				—				—					1,084,220
Equipment maintenance and repair expenses			795,758				—				—				—					795,758
Other operating expenses			196,522				—				—				—					196,522
Other segment items			890,482				45,035				21,115				(8,585	)	(b,c)			948,047
Operating expenses			2,966,982				45,035				21,115				(8,585	)				3,024,547
Commission expenses			416,315				—				—				—					416,315
Cost of product sales			263,026				—				—				—					263,026
Benefits and losses			—				21,535				142,544				—					164,079
Amortization of deferred policy acquisition costs			—				—				27,924				—					27,924
Lease expense			32,878				372				108				(2,529	)	(b)			30,829
Depreciation, net of (gains) losses on disposal			486,795				—				—				—					486,795
Net (gains) losses on disposal of real estate			5,596				—				—				—					5,596
Total costs and expenses			4,171,592				66,942				191,691				(11,114	)				4,419,111
Earnings from operations before equity in earnings of subsidiaries			1,396,122				36,570				14,409				(1,521	)				1,445,580
Equity in earnings of subsidiaries			41,201				—				—				(41,201	)	(d)			—
Earnings from operations			1,437,323				36,570				14,409				(42,722	)				1,445,580
Other components of net periodic benefit costs			(1,216	)			—				—				—					(1,216	)
Other interest income			(224,999	)			—				(480	)			1,521		(b)			(223,958	)
Fees on early extinguishment of debt and costs of defeasance			(1,009	)			—				—				—					(1,009	)
Pretax earnings			1,210,099				36,570				13,929				(41,201	)				1,219,397
Income tax expense			(285,627	)			(6,815	)			(2,483	)			—					(294,925	)
Net earnings available to common stockholders	$		924,472		$		29,755		$		11,446		$		(41,201	)		$		924,472
(a) Balances for the year ended December 31, 2022
(b) Eliminate intercompany lease / interest income
(c) Eliminate intercompany premiums
(d) Eliminate equity in earnings of subsidiaries

Consolidated Balance Sheet by Industry Segment

		Moving & Storage Consolidated				Property & Casualty Insurance				Life Insurance				Eliminations				U-Haul Holding Company Consolidated
		(In thousands)
Total assets as of March 31, 2025		$	17,522,952			$	535,032			$	3,066,907			$	(645,721	)		$	20,479,170
Total assets as of March 31, 2024		$	16,149,748			$	501,566			$	2,990,903			$	(583,459	)		$	19,058,758
Total assets as of March 31, 2023		$	15,211,493			$	459,897			$	2,891,574			$	(462,230	)		$	18,100,734

X

- Definition

Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 04
-Paragraph a
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

+ Details

Name:	srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix:	srt_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 04
-Paragraph a
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

+ Details

Name:	srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix:	srt_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlockSupplementAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration