Consolidating Financial Information By Industry Segment (Table Text Block)

6 Months Ended

Sep. 30, 2017

Table Text Block Supplement [Abstract]

Consolidated Balance Sheet by Industry Segment

Consolidating balance sheets by industry segment as of September 30, 2017 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
		(Unaudited)
		(In thousands)
Assets:
Cash and cash equivalents	$	745,923	$	10,791	$	11,637	$	–		$	768,351
Reinsurance recoverables and trade receivables, net		63,187		101,476		29,468		–			194,131
Inventories, net		100,693		–		–		–			100,693
Prepaid expenses		83,673		–		–		–			83,673
Investments, fixed maturities and marketable equities		–		273,399		1,570,369		–			1,843,768
Investments, other		25,436		67,520		302,371		–			395,327
Deferred policy acquisition costs, net		–		–		125,936		–			125,936
Other assets		98,471		746		2,550		–			101,767
Related party assets		82,894		8,592		18,395		(28,958)	(c)		80,923
		1,200,277		462,524		2,060,726		(28,958)			3,694,569
Investment in subsidiaries		508,201		–		–		(508,201)	(b)		–
Property, plant and equipment, at cost:
Land		684,729		–		–		–			684,729
Buildings and improvements		2,826,712		–		–		–			2,826,712
Furniture and equipment		564,033		–		–		–			564,033
Rental trailers and other rental equipment		526,603		–		–		–			526,603
Rental trucks		4,337,308		–		–		–			4,337,308
		8,939,385		–		–		–			8,939,385
Less:  Accumulated depreciation		(2,551,064)		–		–		–			(2,551,064)
Total property, plant and equipment		6,388,321		–		–		–			6,388,321
Total assets	$	8,096,799	$	462,524	$	2,060,726	$	(537,159)		$	10,082,890
(a) Balances as of June 30, 2017
(b) Eliminate investment in subsidiaries
(c) Eliminate intercompany receivables and payables

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
		(Unaudited)
		(In thousands)
Liabilities:
Accounts payable and accrued expenses	$	431,088	$	5,209	$	4,713	$	–		$	441,010
Notes, loans and leases payable		3,422,077		–		–		–			3,422,077
Policy benefits and losses, claims and loss expenses payable		416,479		239,377		443,741		–			1,099,597
Liabilities from investment contracts		–		–		1,263,107		–			1,263,107
Other policyholders' funds and liabilities		–		9,868		10,586		–			20,454
Deferred income		32,443		–		–		–			32,443
Deferred income taxes		876,195		12,224		23,361		–			911,780
Related party liabilities		26,095		2,829		34		(28,958)	(c)		–
Total liabilities		5,204,377		269,507		1,745,542		(28,958)			7,190,468
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		452,684		91,120		26,271		(117,601)	(b)		452,474
Accumulated other comprehensive income (loss)		(11,534)		10,683		29,384		(40,067)	(b)		(11,534)
Retained earnings		3,123,942		87,913		257,029		(344,732)	(b)		3,124,152
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		(5,517)		–		–		–			(5,517)
Total stockholders' equity		2,892,422		193,017		315,184		(508,201)			2,892,422
Total liabilities and stockholders' equity	$	8,096,799	$	462,524	$	2,060,726	$	(537,159)		$	10,082,890
(a) Balances as of June 30, 2017
(b) Eliminate investment in subsidiaries
(c) Eliminate intercompany receivables and payables

Consolidating balance sheets by industry segment as of March 31, 2017 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
Assets:		(In thousands)
Cash and cash equivalents	$	671,665	$	12,725	$	13,416	$	–		$	697,806
Reinsurance recoverables and trade receivables, net		41,234		107,757		29,090		–			178,081
Inventories, net		82,439		–		–		–			82,439
Prepaid expenses		124,728		–		–		–			124,728
Investments, fixed maturities and marketable equities		–		248,816		1,414,952		–			1,663,768
Investments, other		35,342		63,086		269,402		–			367,830
Deferred policy acquisition costs, net		–		–		130,213		–			130,213
Other assets		93,197		1,922		2,406		–			97,525
Related party assets		88,829		11,496		18,465		(32,622)	(c)		86,168
		1,137,434		445,802		1,877,944		(32,622)			3,428,558
Investment in subsidiaries		477,058		–		–		(477,058)	(b)		–
Property, plant and equipment, at cost:
Land		648,757		–		–		–			648,757
Buildings and improvements		2,618,265		–		–		–			2,618,265
Furniture and equipment		510,415		–		–		–			510,415
Rental trailers and other rental equipment		492,280		–		–		–			492,280
Rental trucks		4,091,598		–		–		–			4,091,598
		8,361,315		–		–		–			8,361,315
Less:  Accumulated depreciation		(2,384,033)		–		–		–			(2,384,033)
Total property, plant and equipment		5,977,282		–		–		–			5,977,282
Total assets	$	7,591,774	$	445,802	$	1,877,944	$	(509,680)		$	9,405,840
(a) Balances as of December 31, 2016
(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	$	441,667	$	1,926	$	6,948	$	–		$	450,541
Notes, loans and leases payable		3,262,880		–		–		–			3,262,880
Policy benefits and losses, claims and loss expenses payable		399,181		244,980		442,161		–			1,086,322
Liabilities from investment contracts		–		–		1,112,498		–			1,112,498
Other policyholders' funds and liabilities		–		4,184		5,966		–			10,150
Deferred income		28,696		–		–		–			28,696
Deferred income taxes		809,566		11,243		14,200		–			835,009
Related party liabilities		30,040		2,539		43		(32,622)	(c)		–
Total liabilities		4,972,030		264,872		1,581,816		(32,622)			6,786,096
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		452,382		91,120		26,271		(117,601)	(b)		452,172
Accumulated other comprehensive income (loss)		(51,236)		6,166		16,933		(23,099)	(b)		(51,236)
Retained earnings		2,892,683		80,343		250,424		(330,557)	(b)		2,892,893
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		(6,932)		–		–		–			(6,932)
Total stockholders' equity		2,619,744		180,930		296,128		(477,058)			2,619,744
Total liabilities and stockholders' equity	$	7,591,774	$	445,802	$	1,877,944	$	(509,680)		$	9,405,840
(a) Balances as of December 31, 2016
(b) Eliminate investment in subsidiaries
(c) Eliminate intercompany receivables and payables

Consolidated Statement of Operations by Industry Segment

Consolidating statement of operations by industry segment for the quarter ended September 30, 2017 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
		(Unaudited)
		(In thousands)
Revenues:
Self-moving equipment rentals	$	741,714	$	–	$	–	$	(1,156)	(c)	$	740,558
Self-storage revenues		80,472		–		–		–			80,472
Self-moving and self-storage products and service sales		73,268		–		–		–			73,268
Property management fees		6,831		–		–		–			6,831
Life insurance premiums		–		–		38,862		–			38,862
Property and casualty insurance premiums		–		15,498		–		(472)	(c)		15,026
Net investment and interest income		3,177		3,701		19,989		(398)	(b)		26,469
Other revenue		59,746		–		1,579		(125)	(b)		61,200
Total revenues		965,208		19,199		60,430		(2,151)			1,042,686
Costs and expenses:
Operating expenses		480,455		8,240		5,531		(1,744)	(b,c)		492,482
Commission expenses		83,351		–		–		–			83,351
Cost of sales		42,866		–		–		–			42,866
Benefits and losses		–		4,872		42,237		–			47,109
Amortization of deferred policy acquisition costs		–		–		5,944		–			5,944
Lease expense		8,628		–		–		(53)	(b)		8,575
Depreciation, net of (gains) losses on disposals		132,978		–		–		–			132,978
Total costs and expenses		748,278		13,112		53,712		(1,797)			813,305
Earnings from operations before equity in earnings of subsidiaries		216,930		6,087		6,718		(354)			229,381
Equity in earnings of subsidiaries		8,365		–		–		(8,365)	(d)		–
Earnings from operations		225,295		6,087		6,718		(8,719)			229,381
Interest expense		(32,377)		–		–		354	(b)		(32,023)
Pretax earnings		192,918		6,087		6,718		(8,365)			197,358
Income tax expense		(68,279)		(2,091)		(2,349)		–			(72,719)
Earnings available to common shareholders	$	124,639	$	3,996	$	4,369	$	(8,365)		$	124,639
(a) Balances for the quarter ended June 30, 2017
(b) Eliminate intercompany lease / interest income
(c) Eliminate intercompany premiums
(d) Eliminate equity in earnings of subsidiaries

Consolidating statement of operations by industry segment for the quarter ended September 30, 2016 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
		(Unaudited)
		(In thousands)
Revenues:
Self-moving equipment rentals	$	712,739	$	–	$	–	$	(1,029)	(c)	$	711,710
Self-storage revenues		72,163		–		–		–			72,163
Self-moving and self-storage products and service sales		70,330		–		–		–			70,330
Property management fees		6,712		–		–		–			6,712
Life insurance premiums		–		–		40,893		–			40,893
Property and casualty insurance premiums		–		14,009		–		–			14,009
Net investment and interest income		2,353		3,878		19,767		(408)	(b)		25,590
Other revenue		56,103		–		1,301		(126)	(b)		57,278
Total revenues		920,400		17,887		61,961		(1,563)			998,685
Costs and expenses:
Operating expenses		386,527		7,220		5,611		(1,145)	(b,c)		398,213
Commission expenses		80,462		–		–		–			80,462
Cost of sales		40,952		–		–		–			40,952
Benefits and losses		–		3,573		43,263		–			46,836
Amortization of deferred policy acquisition costs		–		–		5,989		–			5,989
Lease expense		9,395		–		–		(46)	(b)		9,349
Depreciation, net of (gains) losses on disposals		109,904		–		–		–			109,904
Total costs and expenses		627,240		10,793		54,863		(1,191)			691,705
Earnings from operations before equity in earnings of subsidiaries		293,160		7,094		7,098		(372)			306,980
Equity in earnings of subsidiaries		9,305		–		–		(9,305)	(d)		–
Earnings from operations		302,465		7,094		7,098		(9,677)			306,980
Interest expense		(28,361)		–		–		372	(b)		(27,989)
Pretax earnings		274,104		7,094		7,098		(9,305)			278,991
Income tax expense		(97,629)		(2,406)		(2,481)		–			(102,516)
Earnings available to common shareholders	$	176,475	$	4,688	$	4,617	$	(9,305)		$	176,475
(a) Balances for the quarter ended June 30, 2016
(b) Eliminate intercompany lease / interest income
(c) Eliminate intercompany premiums
(d) Eliminate equity in earnings of subsidiaries

Consolidating statements of operations by industry for the six months ended September 30, 2017 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
		(Unaudited)
		(In thousands)
Revenues:
Self-moving equipment rentals	$	1,412,412	$	–	$	–	$	(1,996)	(c)	$	1,410,416
Self-storage revenues		157,190		–		–		–			157,190
Self-moving and self-storage products and service sales		152,179		–		–		–			152,179
Property management fees		13,593		–		–		–			13,593
Life insurance premiums		–		–		77,953		–			77,953
Property and casualty insurance premiums		–		27,313		–		(472)	(c)		26,841
Net investment and interest income		5,834		7,992		40,644		(784)	(b)		53,686
Other revenue		106,527		–		2,489		(263)	(b)		108,753
Total revenues		1,847,735		35,305		121,086		(3,515)			2,000,611
Costs and expenses:
Operating expenses		884,498		16,472		11,148		(2,712)	(b,c)		909,406
Commission expenses		158,716		–		–		–			158,716
Cost of sales		90,461		–		–		–			90,461
Benefits and losses		–		7,310		87,519		–			94,829
Amortization of deferred policy acquisition costs		–		–		12,265		–			12,265
Lease expense		16,962		–		–		(100)	(b)		16,862
Depreciation, net of (gains) losses on disposals		259,660		–		–		–			259,660
Total costs and expenses		1,410,297		23,782		110,932		(2,812)			1,542,199
Earnings from operations before equity in earnings of subsidiaries		437,438		11,523		10,154		(703)			458,412
Equity in earnings of subsidiaries		14,175		–		–		(14,175)	(d)		–
Earnings from operations		451,613		11,523		10,154		(14,878)			458,412
Interest expense		(63,071)		–		–		703	(b)		(62,368)
Pretax earnings		388,542		11,523		10,154		(14,175)			396,044
Income tax expense		(137,696)		(3,953)		(3,549)		–			(145,198)
Earnings available to common shareholders	$	250,846	$	7,570	$	6,605	$	(14,175)		$	250,846
(a) Balances for the six months ended June 30, 2017
(b) Eliminate intercompany lease / interest income
(c) Eliminate intercompany premiums
(d) Eliminate equity in earnings of subsidiaries

Consolidating statements of operations by industry for the six months ended September 30, 2016 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
		(Unaudited)
		(In thousands)
Revenues:
Self-moving equipment rentals	$	1,359,855	$	–	$	–	$	(1,809)	(c)	$	1,358,046
Self-storage revenues		139,885		–		–		–			139,885
Self-moving and self-storage products and service sales		147,633		–		–		–			147,633
Property management fees		13,316		–		–		–			13,316
Life insurance premiums		–		–		81,785		–			81,785
Property and casualty insurance premiums		–		25,264		–		–			25,264
Net investment and interest income		4,465		9,508		39,761		(813)	(b)		52,921
Other revenue		101,077		–		2,210		(261)	(b)		103,026
Total revenues		1,766,231		34,772		123,756		(2,883)			1,921,876
Costs and expenses:
Operating expenses		760,199		13,505		11,642		(2,051)	(b,c)		783,295
Commission expenses		154,278		–		–		–			154,278
Cost of sales		84,314		–		–		–			84,314
Benefits and losses		–		6,670		87,169		–			93,839
Amortization of deferred policy acquisition costs		–		–		13,931		–			13,931
Lease expense		20,490		–		–		(93)	(b)		20,397
Depreciation, net of (gains) losses on disposals		205,285		–		–		–			205,285
Total costs and expenses		1,224,566		20,175		112,742		(2,144)			1,355,339
Earnings from operations before equity in earnings of subsidiaries		541,665		14,597		11,014		(739)			566,537
Equity in earnings of subsidiaries		16,879		–		–		(16,879)	(d)		–
Earnings from operations		558,544		14,597		11,014		(17,618)			566,537
Interest expense		(55,154)		–		–		739	(b)		(54,415)
Pretax earnings		503,390		14,597		11,014		(16,879)			512,122
Income tax expense		(179,742)		(5,032)		(3,700)		–			(188,474)
Earnings available to common shareholders	$	323,648	$	9,565	$	7,314	$	(16,879)		$	323,648
(a) Balances for the six months ended June 30, 2016
(b) Eliminate intercompany lease / interest income
(c) Eliminate intercompany premiums
(d) Eliminate equity in earnings of subsidiaries

Consolidated Cash Flow Statement by Industry Segment

Consolidating cash flow statements by industry segment for the six months ended September 30, 2017 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Elimination		AMERCO Consolidated
		(Unaudited)
Cash flows from operating activities:		(In thousands)
Net earnings	$	250,846	$	7,570	$	6,605	$	(14,175)	$	250,846
Earnings from consolidated entities		(14,175)		–		–		14,175		–
Adjustments to reconcile net earnings to the cash provided by operations:
Depreciation		269,505		–		–		–		269,505
Amortization of deferred policy acquisition costs		–		–		12,265		–		12,265
Amortization of debt issuance costs		1,946		–		–		–		1,946
Interest credited to policyholders		–		–		15,119		–		15,119
Change in allowance for losses on trade receivables		(16)		–		14		–		(2)
Change in allowance for inventory reserve		2,953		–		–		–		2,953
Net gain on sale of real and personal property		(9,845)		–		–		–		(9,845)
Net gain on sale of investments		–		(748)		(2,311)		–		(3,059)
Deferred income taxes		65,587		(1,730)		(792)		–		63,065
Net change in other operating assets and liabilities:
Reinsurance recoverables and trade receivables		(21,782)		6,281		(394)		–		(15,895)
Inventories		(21,036)		–		–		–		(21,036)
Prepaid expenses		41,486		–		–		–		41,486
Capitalization of deferred policy acquisition costs		–		–		(15,154)		–		(15,154)
Other assets		15,197		1,563		(145)		–		16,615
Related party assets		6,056		2,902		–		–		8,958
Accounts payable and accrued expenses		59,671		3,282		6,597		–		69,550
Policy benefits and losses, claims and loss expenses payable		16,081		(5,604)		1,580		–		12,057
Other policyholders' funds and liabilities		–		5,685		4,620		–		10,305
Deferred income		3,660		–		–		–		3,660
Related party liabilities		(3,945)		292		(9)		–		(3,662)
Net cash provided (used) by operating activities		662,189		19,493		27,995		–		709,677
Cash flows from investing activities:
Purchases of:
Property, plant and equipment		(754,052)		–		–		–		(754,052)
Short term investments		–		(27,059)		(7,706)		–		(34,765)
Fixed maturities investments		–		(29,381)		(190,239)		–		(219,620)
Equity securities		–		–		(662)		–		(662)
Preferred stock		–		(1,000)		–		–		(1,000)
Real estate		–		–		(118)		–		(118)
Mortgage loans		–		(7,609)		(43,208)		–		(50,817)
Proceeds from sales and paydowns of:
Property, plant and equipment		259,450		–		–		–		259,450
Short term investments		–		28,879		10,048		–		38,927
Fixed maturities investments		–		12,033		58,759		–		70,792
Preferred stock		–		988		–		–		988
Real estate		2,664		–		–		–		2,664
Mortgage loans		–		1,722		7,862		–		9,584
Net cash provided (used) by investing activities		(491,938)		(21,427)		(165,264)		–		(678,629)
		(page 1 of 2)
(a) Balance for the period ended June 30, 2017

:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Elimination		AMERCO Consolidated
		(Unaudited)
Cash flows from financing activities:		(In thousands)
Borrowings from credit facilities		285,532		–		–		–		285,532
Principal repayments on credit facilities		(214,354)		–		–		–		(214,354)
Debt issuance costs		(3,413)		–		–		–		(3,413)
Capital lease payments		(150,302)		–		–		–		(150,302)
Employee Stock Ownership Plan		(3,960)		–		–		–		(3,960)
Securitization deposits		(186)		–		–		–		(186)
Common stock dividend paid		(19,587)		–		–		–		(19,587)
Investment contract deposits		–		–		232,752		–		232,752
Investment contract withdrawals		–		–		(97,262)		–		(97,262)
Net cash provided (used) by financing activities		(106,270)		–		135,490		–		29,220
Effects of exchange rate on cash		10,277		–		–		–		10,277
Increase (decrease) in cash and cash equivalents		74,258		(1,934)		(1,779)		–		70,545
Cash and cash equivalents at beginning of period		671,665		12,725		13,416		–		697,806
Cash and cash equivalents at end of period	$	745,923	$	10,791	$	11,637	$	–	$	768,351
		(page 2 of 2)
(a) Balance for the period ended June 30, 2017

Consolidating cash flow statements by industry segment for the six months ended September 30, 2016 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Elimination		AMERCO Consolidated
		(Unaudited)
Cash flows from operating activities:		(In thousands)
Net earnings	$	323,648	$	9,565	$	7,314	$	(16,879)	$	323,648
Earnings from consolidated entities		(16,879)		–		–		16,879		–
Adjustments to reconcile net earnings to cash provided by operations:
Depreciation		233,543		–		–		–		233,543
Amortization of deferred policy acquisition costs		–		–		13,931		–		13,931
Amortization of debt issuance costs		1,765		–		–		–		1,765
Interest credited to policyholders		–		–		11,028		–		11,028
Change in allowance for losses on trade receivables		92		–		(58)		–		34
Change in allowance for inventory reserve		800		–		–		–		800
Net gain on sale of real and personal property		(28,258)		–		–		–		(28,258)
Net gain on sale of investments		–		(2,709)		(1,936)		–		(4,645)
Deferred income taxes		114,112		24		588		–		114,724
Net change in other operating assets and liabilities:
Reinsurance recoverables and trade receivables		(6,265)		429		(2,266)		–		(8,102)
Inventories		(2,674)		–		–		–		(2,674)
Prepaid expenses		46,248		–		–		–		46,248
Capitalization of deferred policy acquisition costs		–		–		(14,360)		–		(14,360)
Other assets		(10,925)		2,150		80		–		(8,695)
Related party assets		5,718		(523)		–		–		5,195
Accounts payable and accrued expenses		41,958		1,766		1,438		–		45,162
Policy benefits and losses, claims and loss expenses payable		13,165		(2,888)		6,645		–		16,922
Other policyholders' funds and liabilities		–		566		997		–		1,563
Deferred income		5,034		–		–		–		5,034
Related party liabilities		(170)		456		(54)		–		232
Net cash provided (used) by operating activities		720,912		8,836		23,347		–		753,095
Cash flows from investing activities:
Purchases of:
Property, plant and equipment		(761,277)		–		–		–		(761,277)
Short term investments		–		(36,646)		(373,279)		–		(409,925)
Fixed maturities investments		–		(13,469)		(155,348)		–		(168,817)
Equity securities		–		–		(489)		–		(489)
Real estate		(3,510)		(4,580)		(7,698)		–		(15,788)
Mortgage loans		(1,982)		(3,063)		(131,637)		–		(136,682)
Proceeds from sales and paydowns of:
Property, plant and equipment		310,409		–		–		–		310,409
Short term investments		–		17,771		368,737		–		386,508
Fixed maturities investments		–		16,623		103,902		–		120,525
Preferred stock		–		2,651		–		–		2,651
Equity securities		–		–		831		–		831
Mortgage loans		4,345		9,603		91,783		–		105,731
Net cash provided (used) by investing activities		(452,015)		(11,110)		(103,198)		–		(566,323)
		(page 1 of 2)
(a) Balance for the period ended June 30, 2016

Continuation of consolidating cash flow statements by industry segment for the six months ended September 30, 2016 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Elimination		AMERCO Consolidated
		(Unaudited)
Cash flows from financing activities:		(In thousands)
Borrowings from credit facilities		304,787		–		27,000		–		331,787
Principal repayments on credit facilities		(131,479)		–		(27,000)		–		(158,479)
Debt issuance costs		(2,085)		–		–		–		(2,085)
Capital lease payments		(83,414)		–		–		–		(83,414)
Employee Stock Ownership Plan		(4,653)		–		–		–		(4,653)
Securitization deposits		245		–		–		–		245
Common stock dividend paid		(19,586)		–		–		–		(19,586)
Investment contract deposits		–		–		130,166		–		130,166
Investment contract withdrawals		–		–		(49,555)		–		(49,555)
Net cash provided (used) by financing activities		63,815		–		80,611		–		144,426
Effects of exchange rate on cash		(10,517)		–		–		–		(10,517)
Increase (decrease) in cash and cash equivalents		322,195		(2,274)		760		–		320,681
Cash and cash equivalents at beginning of period		585,666		14,049		931		–		600,646
Cash and cash equivalents at end of period	$	907,861	$	11,775	$	1,691	$	–	$	921,327
		(page 2 of 2)
(a) Balance for the period ended June 30, 2016