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Consolidating Financial Information By Industry Segment (Table Text Block)
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Mar. 31, 2020
Table Text Block Supplement [Abstract]          
Consolidated Balance Sheet by Industry Segment     Consolidating balance sheets by industry segment as of December 31, 2020 are as follows:     Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Eliminations     AMERCO Consolidated     (Unaudited)     (In thousands) Assets:   Cash and cash equivalents $ 1,250,267 $ 7,046 $ 141,527 $ -   $ 1,398,840 Reinsurance recoverables and trade receivables, net   99,176   86,615   38,656   -     224,447 Inventories and parts, net   104,180   -   -   -     104,180 Prepaid expenses   450,889   -   -   -     450,889 Investments, fixed maturities and marketable equities   -   291,509   2,315,444   -     2,606,953 Investments, other   20,988   103,715   323,199   -     447,902 Deferred policy acquisition costs, net   -   -   92,139   -     92,139 Other assets   41,180   614   2,467   -     44,261 Right of use assets - financing, net   920,321   -   -   -     920,321 Right of use assets - operating   96,852   149   185   -     97,186 Related party assets   62,120   7,275   14,099   (48,531) (c)   34,963     3,045,973   496,923   2,927,716   (48,531)     6,422,081                         Investment in subsidiaries   708,441   -   -   (708,441) (b)   -                         Property, plant and equipment, at cost:                       Land   1,059,177   -   -   -     1,059,177 Buildings and improvements   4,996,900   -   -   -     4,996,900 Furniture and equipment   778,732   -   -   -     778,732 Rental trailers and other rental equipment   552,892   -   -   -     552,892 Rental trucks   3,629,888   -   -   -     3,629,888     11,017,589   -   -   -     11,017,589 Less:   Accumulated depreciation   (2,992,365)   -   -   -     (2,992,365) Total property, plant and equipment, net   8,025,224   -   -   -     8,025,224 Total assets $ 11,779,638 $ 496,923 $ 2,927,716 $ (756,972)   $ 14,447,305                         (a) Balances as of September 30, 2020                       (b) Eliminate investment in subsidiaries                       (c) Eliminate intercompany receivables and payables                         23   amerco and consolidated subsidiaries notes to condensed consolidated financial statements - (continued) Consolidating balance sheets by industry segment as of December 31, 2020 are as follows:     Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Eliminations     AMERCO Consolidated     (Unaudited)     (In thousands) Liabilities:                       Accounts payable and accrued expenses $ 597,902 $ 3,419 $ 7,444 $ -   $ 608,765 Notes, loans and finance/capital leases payable, net   4,666,968   -   11,259   -     4,678,227 Operating lease liability   96,874   155   195   -     97,224 Policy benefits and losses, claims and loss expenses payable   422,473   201,516   389,593   -     1,013,582 Liabilities from investment contracts   -   -   1,997,936   -     1,997,936 Other policyholders' funds and liabilities   -   80   34,787   -     34,867 Deferred income   37,005   -   -   -     37,005 Deferred income taxes, net   1,180,285   11,736   30,523   -     1,222,544 Related party liabilities   25,026   3,655   1,300   (29,981) (c)   - Total liabilities   7,026,533   220,561   2,473,037   (29,981)     9,690,150                         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   454,029   91,120   26,271   (117,601) (b)   453,819 Accumulated other comprehensive income (loss)   81,860   20,169   121,366   (137,485) (b)   85,910 Retained earnings   4,884,369   161,772   304,542   (466,104) (b)   4,884,579 Cost of common stock in treasury, net   (525,653)   -   -   -     (525,653) Cost of preferred stock in treasury, net   (151,997)   -   -   -     (151,997) Unearned employee stock ownership plan stock   -   -   -   -     - Total stockholders' equity   4,753,105   276,362   454,679   (726,991)     4,757,155 Total liabilities and stockholders' equity $ 11,779,638 $ 496,923 $ 2,927,716 $ (756,972)   $ 14,447,305                         (a) Balances as of September 30, 2020                       (b) Eliminate investment in subsidiaries                       (c) Eliminate intercompany receivables and payables                         Consolidating balance sheets by industry segment as of March 31, 2020 are as follows:     Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Eliminations     AMERCO Consolidated       Assets:   (In thousands) Cash and cash equivalents $ 459,078 $ 4,794 $ 30,480 $ -   $ 494,352 Reinsurance recoverables and trade receivables, net   60,073   93,995   32,604   -     186,672 Inventories and parts, net   101,083   -   -   -     101,083 Prepaid expenses   562,904   -   -   -     562,904 Investments, fixed maturities and marketable equities   -   288,998   2,203,740   -     2,492,738 Investments, other   20,988   90,145   249,240   -     360,373 Deferred policy acquisition costs, net   -   -   103,118   -     103,118 Other assets   69,128   680   2,148   -     71,956 Right of use assets - financing, net   1,080,353   -   -   -     1,080,353 Right of use assets - operating   106,631   -   -   -     106,631 Related party assets   41,027   7,137   18,629   (32,009) (c)   34,784     2,501,265   485,749   2,639,959   (32,009)     5,594,964                         Investment in subsidiaries   668,498   -   -   (668,498) (b)   -                         Property, plant and equipment, at cost:                       Land   1,032,945   -   -   -     1,032,945 Buildings and improvements   4,663,461   -   -   -     4,663,461 Furniture and equipment   752,363   -   -   -     752,363 Rental trailers and other rental equipment   511,520   -   -   -     511,520 Rental trucks   3,595,933   -   -   -     3,595,933     10,556,222   -   -   -     10,556,222 Less:   Accumulated depreciation   (2,713,162)   -   -   -     (2,713,162) Total property, plant and equipment, net   7,843,060   -   -   -     7,843,060 Total assets $ 11,012,823 $ 485,749 $ 2,639,959 $ (700,507)   $ 13,438,024                         (a) Balances as of December 31, 2019                       (b) Eliminate investment in subsidiaries                       (c) Eliminate intercompany receivables and payables                         25   amerco and consolidated subsidiaries notes to condensed consolidated financial statements - (continued) Consolidating balance sheets by industry segment as of March 31, 2020 are as follows:     Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Eliminations     AMERCO Consolidated                             (In thousands) Liabilities:                       Accounts payable and accrued expenses $ 545,685 $ 5,530 $ 3,138 $ -   $ 554,353 Notes, loans and finance/capital leases payable, net   4,609,844   -   11,447   -     4,621,291 Operating lease liability   106,443   -   -   -     106,443 Policy benefits and losses, claims and loss expenses payable   410,107   210,341   377,199   -     997,647 Liabilities from investment contracts   -   -   1,802,217   -     1,802,217 Other policyholders' funds and liabilities   -   5,751   4,439   -     10,190 Deferred income   31,620   -   -   -     31,620 Deferred income taxes, net   1,063,681   8,447   21,415   -     1,093,543 Related party liabilities   24,275   4,616   2,670   (31,561) (c)   - Total liabilities   6,791,655   234,685   2,222,525   (31,561)     9,217,304                         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   454,029   91,120   26,271   (117,601) (b)   453,819 Accumulated other comprehensive income (loss)   35,100   12,581   78,550   (91,579) (b)   34,652 Retained earnings   4,399,192   144,062   310,113   (453,965) (b)   4,399,402 Cost of common stock in treasury, net   (525,653)   -   -   -     (525,653) Cost of preferred stock in treasury, net   (151,997)   -   -   -     (151,997) Unearned employee stock ownership plan stock   -   -   -   -     - Total stockholders' equity   4,221,168   251,064   417,434   (668,946)     4,220,720 Total liabilities and stockholders' equity $ 11,012,823 $ 485,749 $ 2,639,959 $ (700,507)   $ 13,438,024                         (a) Balances as of December 31, 2019                       (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 December 31, 2020 are as follows:     Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Eliminations     AMERCO Consolidated     (Unaudited)     (In thousands) Revenues:                       Self-moving equipment rentals $ 809,371 $ - $ - $ (1,156) (c) $ 808,215 Self-storage revenues   123,024   -   -   -     123,024 Self-moving and self-storage products and service sales   74,586   -   -   -     74,586 Property management fees   8,765   -   -   -     8,765 Life insurance premiums   -   -   29,993   -     29,993 Property and casualty insurance premiums   -   20,706   -   (773) (c)   19,933 Net investment and interest income   524   5,934   30,092   (970) (b)   35,580 Other revenue   69,011   -   992   (117) (b)   69,886 Total revenues   1,085,281   26,640   61,077   (3,016)     1,169,982                         Costs and expenses:                       Operating expenses   526,884   10,072   5,027   (2,041) (b,c)   539,942 Commission expenses   86,891   -   -   -     86,891 Cost of sales   45,752   -   -   -     45,752 Benefits and losses   -   4,908   40,723   -     45,631 Amortization of deferred policy acquisition costs   -   -   6,572   -     6,572 Lease expense   8,024   169   31   (702) (b)   7,522 Depreciation, net of gains on disposal   152,602   -   -   -     152,602 Net losses on disposal of real estate   1,124   -   -   -     1,124 Total costs and expenses   821,277   15,149   52,353   (2,743)     886,036                         Earnings from operations before equity in earnings of subsidiaries   264,004   11,491   8,724   (273)     283,946                         Equity in earnings of subsidiaries   16,117   -   -   (16,117) (d)   -                         Earnings from operations   280,121   11,491   8,724   (16,390)     283,946 Other components of net periodic benefit costs   (247)   -   -   -     (247) Interest expense   (42,401)   -   -   273 (b)   (42,128) Pretax earnings   237,473   11,491   8,724   (16,117)     241,571 Income tax expense   (54,488)   (2,405)   (1,693)   -     (58,586) Earnings available to common stockholders $ 182,985 $ 9,086 $ 7,031 $ (16,117)   $ 182,985                         (a) Balances for the quarter ended September 30, 2020                       (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 quarter ended December 31, 2019 are as follows:     Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Eliminations     AMERCO Consolidated     (Unaudited)     (In thousands) Revenues:                       Self-moving equipment rentals $ 622,902 $ - $ - $ (1,431) (c) $ 621,471 Self-storage revenues   106,701   -   -   -     106,701 Self-moving and self-storage products and service sales   54,454   -   -   -     54,454 Property management fees   9,098   -   -   -     9,098 Life insurance premiums   -   -   31,164   -     31,164 Property and casualty insurance premiums   -   20,040   -   (773) (c)   19,267 Net investment and interest income   2,351   5,326   26,550   (445) (b)   33,782 Other revenue   50,858   -   1,175   (90) (b)   51,943 Total revenues   846,364   25,366   58,889   (2,739)     927,880                         Costs and expenses:                       Operating expenses   505,473   9,309   4,962   (2,291) (b,c)   517,453 Commission expenses   66,542   -   -   -     66,542 Cost of sales   35,318   -   -   -     35,318 Benefits and losses   -   6,173   36,691   -     42,864 Amortization of deferred policy acquisition costs   -   -   8,046   -     8,046 Lease expense   6,660   -   -   (170) (b)   6,490 Depreciation, net of losses on disposal   170,074   -   -   -     170,074 Net losses on disposal of real estate   528   -   -   -     528 Total costs and expenses   784,595   15,482   49,699   (2,461)     847,315                         Earnings from operations before equity in earnings of subsidiaries   61,769   9,884   9,190   (278)     80,565                         Equity in earnings of subsidiaries   15,196   -   -   (15,196) (d)   -                         Earnings from operations   76,965   9,884   9,190   (15,474)     80,565 Other components of net periodic benefit costs   (263)   -   -   -     (263) Interest expense   (40,251)   -   -   278 (b)   (39,973) Pretax earnings   36,451   9,884   9,190   (15,196)     40,329 Income tax expense   (5,519)   (2,083)   (1,795)   -     (9,397) Earnings available to common stockholders $ 30,932 $ 7,801 $ 7,395 $ (15,196)   $ 30,932                         (a) Balances for the quarter ended September 30, 2019                       (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 nine months ended December 31, 2020 are as follows:     Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Eliminations     AMERCO Consolidated     (Unaudited)     (In thousands) Revenues:                       Self-moving equipment rentals $ 2,396,098 $ - $ - $ (2,568) (c) $ 2,393,530 Self-storage revenues   347,252   -   -   -     347,252 Self-moving and self-storage products and service sales   264,564   -   -   -     264,564 Property management fees   23,952   -   -   -     23,952 Life insurance premiums   -   -   91,958   -     91,958 Property and casualty insurance premiums   -   51,934   -   (2,398) (c)   49,536 Net investment and interest income   1,781   11,013   75,749   (2,648) (b)   85,895 Other revenue   223,252   -   2,583   (395) (b)   225,440 Total revenues   3,256,899   62,947   170,290   (8,009)     3,482,127                         Costs and expenses:                       Operating expenses   1,569,763   27,063   15,208   (5,347) (b,c)   1,606,687 Commission expenses   255,431   -   -   -     255,431 Cost of sales   159,516   -   -   -     159,516 Benefits and losses   -   11,376   119,284   -     130,660 Amortization of deferred policy acquisition costs   -   -   19,012   -     19,012 Lease expense   22,564   170   102   (1,841) (b)   20,995 Depreciation, net of gains on disposal   455,711   -   -   -     455,711 Net losses on disposal of real estate   4,293   -   -   -     4,293 Total costs and expenses   2,467,278   38,609   153,606   (7,188)     2,652,305                         Earnings from operations before equity in earnings of subsidiaries   789,621   24,338   16,684   (821)     829,822                         Equity in earnings of subsidiaries   32,850   -   -   (32,850) (d)   -                         Earnings from operations   822,471   24,338   16,684   (33,671)     829,822 Other components of net periodic benefit costs   (740)   -   -   -     (740) Interest expense   (122,995)   -   -   821 (b)   (122,174) Pretax earnings   698,736   24,338   16,684   (32,850)     706,908 Income tax expense   (161,660)   (5,121)   (3,051)   -     (169,832) Earnings available to common stockholders $ 537,076 $ 19,217 $ 13,633 $ (32,850)   $ 537,076                         (a) Balances for the nine months ended September 30, 2020                       (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 nine months ended December 31, 2019 are as follows:     Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Eliminations     AMERCO Consolidated     (Unaudited)     (In thousands) Revenues:                       Self-moving equipment rentals $ 2,177,697 $ - $ - $ (3,305) (c) $ 2,174,392 Self-storage revenues   309,940   -   -   -     309,940 Self-moving and self-storage products and service sales   207,601   -   -   -     207,601 Property management fees   23,487   -   -   -     23,487 Life insurance premiums   -   -   96,229   -     96,229 Property and casualty insurance premiums   -   53,370   -   (2,314) (c)   51,056 Net investment and interest income   8,649   15,829   79,416   (1,265) (b)   102,629 Other revenue   188,940   -   3,424   (355) (b)   192,009 Total revenues   2,916,314   69,199   179,069   (7,239)     3,157,343                         Costs and expenses:                       Operating expenses   1,580,705   26,785   15,809   (5,961) (b,c)   1,617,338 Commission expenses   233,540   -   -   -     233,540 Cost of sales   128,177   -   -   -     128,177 Benefits and losses   -   14,972   122,723   -     137,695 Amortization of deferred policy acquisition costs   -   -   20,625   -     20,625 Lease expense   20,324   -   -   (442) (b)   19,882 Depreciation, net of gains on disposal   462,227   -   -   -     462,227 Net gains on disposal of real estate   (1,311)   -   -   -     (1,311) Total costs and expenses   2,423,662   41,757   159,157   (6,403)     2,618,173                         Earnings from operations before equity in earnings of subsidiaries   492,652   27,442   19,912   (836)     539,170                         Equity in earnings of subsidiaries   37,941   -   -   (37,941) (d)   -                         Earnings from operations   530,593   27,442   19,912   (38,777)     539,170 Other components of net periodic benefit costs   (790)   -   -   -     (790) Interest expense   (118,819)   -   -   836 (b)   (117,983) Pretax earnings   410,984   27,442   19,912   (37,941)     420,397 Income tax expense   (91,304)   (5,725)   (3,688)   -     (100,717) Earnings available to common stockholders $ 319,680 $ 21,717 $ 16,224 $ (37,941)   $ 319,680                         (a) Balances for the nine months ended September 30, 2019                       (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 nine months ended December 31, 2020 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 $ 537,076 $ 19,217 $ 13,633 $ (32,850)   $ 537,076 Earnings from consolidated entities   (32,850)   -   -   32,850     - Adjustments to reconcile net earnings to the cash provided by operations:                       Depreciation   495,794   -   -   -     495,794 Amortization of deferred policy acquisition costs   -   -   19,012   -     19,012 Amortization of premiums and accretion of discounts related to investments, net   -   1,180   9,017   -     10,197 Amortization of debt issuance costs   4,645   -   -   -     4,645 Interest credited to policyholders   -   -   38,672   -     38,672 Change in allowance for losses on trade receivables   (573)   -   (1)   -     (574) Change in allowance for inventories and parts reserve   3,259   -   -   -     3,259 Net gains on disposal of personal property   (40,083)   -   -   -     (40,083) Net losses on disposal of real estate   4,293   -   -   -     4,293 Net gains on sales of investments   -   (86)   (5,558)   -     (5,644) Net losses on equity investments   -   669   -   -     669 Deferred income taxes   116,099   1,685   (759)   -     117,025 Net change in other operating assets and liabilities:                       Reinsurance recoverables and trade receivables   (39,327)   5,880   (6,052)   -     (39,499) Inventories and parts   (6,349)   -   -   -     (6,349) Prepaid expenses   112,428   -   -   -     112,428 Capitalization of deferred policy acquisition costs   -   -   (24,903)   -     (24,903) Other assets   30,337   286   (503)   -     30,120 Related party assets   (20,643)   (151)   -   -     (20,794) Accounts payable and accrued expenses   96,269   (2,106)   2,988   -     97,151 Policy benefits and losses, claims and loss expenses payable   10,526   (8,824)   12,394   -     14,096 Other policyholders' funds and liabilities   -   (5,671)   30,348   -     24,677 Deferred income   5,483   -   1,368   -     6,851 Related party liabilities   749   (946)   (1,369)   -     (1,566) Net cash provided by operating activities   1,277,133   11,133   88,287   -     1,376,553                         Cash flows from investing activities:                       Escrow deposits   (1,978)   -   -   -     (1,978) Purchases of:                       Property, plant and equipment   (961,995)   -   -   -     (961,995) Short term investments   -   (38,789)   (1)   -     (38,790) Fixed maturities investments   -   (10,438)   (341,869)   -     (352,307) Equity securities   -   -   (838)   -     (838) Preferred stock   -   -   (16,144)   -     (16,144) Real estate   -   -   (274)   -     (274) Mortgage loans   -   (14,780)   (77,501)   -     (92,281) Proceeds from sales and paydowns of:                       Property, plant and equipment   434,860   -   -   -     434,860 Short term investments   -   38,830   -   -     38,830 Fixed maturities investments   -   14,217   317,190   -     331,407 Equity securities   -   -   72   -     72 Preferred stock   -   1,200   -   -     1,200 Mortgage loans   -   879   3,865   -     4,744 Net cash used by investing activities   (529,113)   (8,881)   (115,500)   -     (653,494)     (page 1 of 2) (a) Balance for the period ended September 30, 2020                       31   amerco and consolidated subsidiaries notes to condensed consolidated financial statements - (continued) Consolidating cash flow statements by industry segment for the nine months ended December 31, 2020 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   780,932   -   9,600   -     790,532 Principal repayments on credit facilities   (558,280)   -   (9,788)   -     (568,068) Payments of debt issuance costs   (5,020)   -   -   -     (5,020) Finance/capital lease payments   (173,520)   -   -   -     (173,520) Common stock dividends paid   (49,019)   -   -   -     (49,019) Net contribution from (to) related party   41,199   -   (18,599)   -     22,600 Investment contract deposits   -   -   326,055   -     326,055 Investment contract withdrawals   -   -   (169,008)   -     (169,008) Net cash provided by financing activities   36,292   -   138,260   -     174,552                         Effects of exchange rate on cash   6,877   -   -   -     6,877                         Increase in cash and cash equivalents   791,189   2,252   111,047   -     904,488 Cash and cash equivalents at beginning of period   459,078   4,794   30,480   -     494,352 Cash and cash equivalents at end of period $ 1,250,267 $ 7,046 $ 141,527 $ -   $ 1,398,840     (page 2 of 2) (a) Balance for the period ended September 30, 2020                       Consolidating cash flow statements by industry segment for the nine months ended December 31, 2019 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 $ 319,680 $ 21,717 $ 16,224 $ (37,941)   $ 319,680 Earnings from consolidated entities   (37,941)   -   -   37,941     - Adjustments to reconcile net earnings to cash provided by operations:                       Depreciation   494,753   -   -   -     494,753 Amortization of deferred policy acquisition costs   -   -   20,625   -     20,625 Amortization of premiums and accretion of discounts related to investments, net   -   1,129   8,719   -     9,848 Amortization of debt issuance costs   3,275   -   -   -     3,275 Interest credited to policyholders   -   -   38,169   -     38,169 Change in allowance for losses on trade receivables   (76)   -   -   -     (76) Change in allowance for inventories and parts reserve   (85)   -   -   -     (85) Net gains on disposal of personal property   (32,526)   -   -   -     (32,526) Net gains on disposal of real estate   (1,311)   -   -   -     (1,311) Net gains on sales of investments   -   (178)   (8,599)   -     (8,777) Net gains on equity investments   -   (3,749)   -   -     (3,749) Deferred income taxes   94,258   (1,150)   (5,303)   -     87,805 Net change in other operating assets and liabilities:                       Reinsurance recoverables and trade receivables   18,799   5,931   29   -     24,759 Inventories and parts   589   -   -   -     589 Prepaid expenses   (16,402)   -   -   -     (16,402) Capitalization of deferred policy acquisition costs   -   -   (17,530)   -     (17,530) Other assets   (2,215)   1,973   (51)   -     (293) Related party assets   (16,151)   (1,356)   -   -     (17,507) Accounts payable and accrued expenses   42,453   (199)   9,500   -     51,754 Policy benefits and losses, claims and loss expenses payable   8,353   (6,067)   1,688   -     3,974 Other policyholders' funds and liabilities   -   578   (2,701)   -     (2,123) Deferred income   (2,317)   -       -     (2,317) Related party liabilities   (956)   1,192   210   -     446 Net cash provided by operating activities   872,180   19,821   60,980   -     952,981                         Cash flows from investing activities:                       Escrow deposits   7,153   -   -   -     7,153 Purchases of:                       Property, plant and equipment   (1,917,862)   -   -   -     (1,917,862) Short term investments   -   (47,036)   (421)   -     (47,457) Fixed maturities investments   -   (8,954)   (258,955)   -     (267,909) Equity securities   -   -   (83)   -     (83) Real estate   -   (328)   (156)   -     (484) Mortgage loans   -   (12,750)   (30,335)   -     (43,085) Proceeds from sales and paydowns of:                       Property, plant and equipment   599,797   -   -   -     599,797 Short term investments   -   46,859   -   -     46,859 Fixed maturities investments   -   21,981   171,215   -     193,196 Equity securities   -   185   -   -     185 Real estate   311   -   -   -     311 Mortgage loans   -   1,933   7,119   -     9,052 Net cash provided (used) by investing activities   (1,310,601)   1,890   (111,616)   -     (1,420,327)     (page 1 of 2) (a) Balance for the period ended September 30, 2019                       33   amerco and consolidated subsidiaries notes to condensed consolidated financial statements - (continued) Consolidating cash flow statements by industry segment for the nine months ended December 31, 2019 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   865,362   -   2,500   -     867,862 Principal repayments on credit facilities   (222,832)   -   (2,500)   -     (225,332) Payment of debt issuance costs   (3,671)   -   -   -     (3,671) Finance/capital lease payments   (247,188)   -   -   -     (247,188) Employee stock ownership plan stock   (206)   -   -   -     (206) Common stock dividend paid   (19,600)   -   -   -     (19,600) Net contribution from (to) related party   21,600   (21,600)   -   -     - Investment contract deposits   -   -   171,465   -     171,465 Investment contract withdrawals   -   -   (122,948)   -     (122,948) Net cash provided (used) by financing activities   393,465   (21,600)   48,517   -     420,382                         Effects of exchange rate on cash   5,214   -   -   -     5,214                         Increase (decrease) in cash and cash equivalents   (39,742)   111   (2,119)   -     (41,750) Cash and cash equivalents at beginning of period   643,918   5,757   24,026   -     673,701 Cash and cash equivalents at end of period $ 604,176 $ 5,868 $ 21,907 $ -   $ 631,951     (page 2 of 2) (a) Balance for the period ended September 30, 2019