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Consolidating Financial Information By Industry Segment (Table Text Block)
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Mar. 31, 2022
Table Text Block Supplement [Abstract]          
Consolidated Balance Sheet by Industry Segment     Consolidating balance sheets by industry segment as of December 31, 2022 are as follows:     Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Eliminations     U-Haul Holding Company Consolidated     (Unaudited)     (In thousands) Assets:   Cash and cash equivalents $ 2,429,943 $ 20,505 $ 60,171 $ –   $ 2,510,619 Reinsurance recoverables and trade receivables, net   124,001   51,481   32,700   –     208,182 Inventories and parts, net   150,140   –   –   –     150,140 Prepaid expenses   228,260   –   –   –     228,260 Investments, fixed maturities and marketable equities   225,218   267,338   2,230,645   –     2,723,201 Investments, other   23,330   108,440   386,685   –     518,455 Deferred policy acquisition costs, net   –   –   159,924   –     159,924 Other assets   53,247   507   3,518   –     57,272 Right of use assets - financing, net   504,640   –   –   –     504,640 Right of use assets - operating, net   62,835   977   44   –     63,856 Related party assets   93,719   3,998   12,499   (34,667) (c)   75,549     3,895,333   453,246   2,886,186   (34,667)     7,200,098                         Investment in subsidiaries   422,549   –   –   (422,549) (b)   –                         Property, plant and equipment, at cost:                       Land   1,504,507   –   –   –     1,504,507 Buildings and improvements   6,728,424   –   –   –     6,728,424 Furniture and equipment   898,468   –   –   –     898,468 Rental trailers and other rental equipment   784,394   –   –   –     784,394 Rental trucks   5,167,168   –   –   –     5,167,168     15,082,961   –   –   –     15,082,961 Less:   Accumulated depreciation   (4,166,731)   –   –   –     (4,166,731) Total property, plant and equipment, net   10,916,230   –   –   –     10,916,230 Total assets $ 15,234,112 $ 453,246 $ 2,886,186 $ (457,216)   $ 18,116,328                         (a) Balances as of September 30, 2022                       (b) Eliminate investment in subsidiaries                       (c) Eliminate intercompany receivables and payables                         Consolidating balance sheets by industry segment as of December 31, 2022, continued:     Moving & Storage   Property & Casualty Insurance (a)   Life   Eliminations     U-Haul Holding Company Consolidated     (Unaudited)     (In thousands) Liabilities:                       Accounts payable and accrued expenses $ 690,320 $ 5,943 $ 7,149 $ –   $ 703,412 Notes, loans and finance leases payable, net   6,200,397   –   –   –     6,200,397 Operating lease liabilities   62,367   988   47   –     63,402 Policy benefits and losses, claims and loss expenses payable   430,645   156,259   393,296   –     980,200 Liabilities from investment contracts   –   –   2,396,702   –     2,396,702 Other policyholders' funds and liabilities   –   4,154   8,425   –     12,579 Deferred income   45,222   –   –   –     45,222 Deferred income taxes, net   1,372,516   2,012   (73,491)   –     1,301,037 Related party liabilities   24,866   2,567   12,832   (40,265) (c)   – Total liabilities   8,826,333   171,923   2,744,960   (40,265)     11,702,951                         Stockholders' equity:                       Series preferred stock:                       Series A preferred stock   –   –   –   –     – Series B preferred stock   –   –   –   –     – Series A common stock   –   –   –   –     – Voting Common Stock   10,497   3,301   2,500   (5,801) (b)   10,497 Non-Voting Common Stock   176   –   –   –     176 Additional paid-in capital   453,853   91,120   26,271   (117,601) (b)   453,643 Accumulated other comprehensive income (loss)   (289,714)   (17,969)   (219,145)   242,712 (b)   (284,116) Retained earnings   6,910,617   204,871   331,600   (536,261) (b)   6,910,827 Cost of common stock in treasury, net   (525,653)   –   –   –     (525,653) Cost of preferred stock in treasury, net   (151,997)   –   –   –     (151,997) Total stockholders' equity   6,407,779   281,323   141,226   (416,951)     6,413,377 Total liabilities and stockholders' equity $ 15,234,112 $ 453,246 $ 2,886,186 $ (457,216)   $ 18,116,328                         (a) Balances as of September 30, 2022                       (b) Eliminate investment in subsidiaries                       (c) Eliminate intercompany receivables and payables              Consolidating balance sheets by industry segment as of March 31, 2022 are as follows:     Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Eliminations     U-Haul Holding Company Consolidated       Assets:   (In thousands) Cash and cash equivalents $   2,643,213 $   10,800 $   50,124 $   –   $   2,704,137 Reinsurance recoverables and trade receivables, net   142,895   50,235   36,213   –     229,343 Inventories and parts, net   158,888   –   –   –     158,888 Prepaid expenses   236,915   –   –   –     236,915 Investments, fixed maturities and marketable equities   –   297,488   2,595,911   –     2,893,399 Investments, other   20,653   114,269   408,833   –     543,755 Deferred policy acquisition costs, net   –   –   103,828   –     103,828 Other assets   57,305   371   2,733   –     60,409 Right of use assets - financing, net   620,824   –   –   –     620,824 Right of use assets - operating, net   74,190   93   99   –     74,382 Related party assets   64,611   6,713   16,911   (40,384) (c)   47,851     4,019,494   479,969   3,214,652   (40,384)     7,673,731                         Investment in subsidiaries   737,073   –   –   (737,073) (b)   –                         Property, plant and equipment, at cost:                       Land   1,283,142   –   –   –     1,283,142 Buildings and improvements   5,974,639   –   –   –     5,974,639 Furniture and equipment   846,132   –   –   –     846,132 Rental trailers and other rental equipment   615,679   –   –   –     615,679 Rental trucks   4,638,814   –   –   –     4,638,814     13,358,406   –   –   –     13,358,406 Less:   Accumulated depreciation   (3,732,556)   –   –   –     (3,732,556) Total property, plant and equipment, net   9,625,850   –   –   –     9,625,850 Total assets $   14,382,417 $   479,969 $   3,214,652 $   (777,457)   $   17,299,581                         (a) Balances as of December 31, 2021                       (b) Eliminate investment in subsidiaries                       (c) Eliminate intercompany receivables and payables                         Consolidating balance sheets by industry segment as of March 31, 2022, continued:     Moving & Storage   Property & Casualty Insurance (a)   Life   Eliminations     U-Haul Holding Company Consolidated                             (In thousands) Liabilities:                       Accounts payable and accrued expenses $ 663,482 $ 3,849 $ 10,454 $ –   $ 677,785 Notes, loans and finance leases payable, net   6,022,497   –   –   –     6,022,497 Operating lease liabilities   73,998   93   106   –     74,197 Policy benefits and losses, claims and loss expenses payable   418,890   160,379   398,985   –     978,254 Liabilities from investment contracts   –   –   2,336,238   –     2,336,238 Other policyholders' funds and liabilities   –   3,521   7,291   –     10,812 Deferred income   49,157   –   –   –     49,157 Deferred income taxes, net   1,244,639   12,803   7,916   –     1,265,358 Related party liabilities   25,668   3,196   12,717   (41,581) (c)   – Total liabilities   8,498,331   183,841   2,773,707   (41,581)     11,414,298                         Stockholders' equity:                       Series preferred stock:                       Series A preferred stock   –   –   –   –     – Series B preferred stock   –   –   –   –     – Series A common stock   –   –   –   –     – Voting 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)   45,187   16,630   87,200   (102,633) (b)   46,384 Retained earnings   6,052,023   185,077   324,974   (509,841) (b)   6,052,233 Cost of common stock in treasury, net   (525,653)   –   –   –     (525,653) Cost of preferred stock in treasury, net   (151,997)   –   –   –     (151,997) Total stockholders' equity   5,884,086   296,128   440,945   (735,876)     5,885,283 Total liabilities and stockholders' equity $ 14,382,417 $ 479,969 $ 3,214,652 $ (777,457)   $ 17,299,581                         (a) Balances as of December 31, 2021                       (b) Eliminate investment in subsidiaries                       (c) Eliminate intercompany receivables and payables           
Consolidated Statement of Operations by Industry Segment     Moving & Storage   Property & Casualty Insurance (a)   Life   Eliminations     U-Haul Holding Company     (Unaudited)     (In thousands) Revenues:                       Self-moving equipment rentals $ 900,209 $ – $ – $ (1,390) (c) $ 898,819 Self-storage revenues   190,483   –   –   –     190,483 Self-moving and self-storage products and service sales   74,851   –   –   –     74,851 Property management fees   10,080   –   –   –     10,080 Life insurance premiums   –   –   24,399   –     24,399 Property and casualty insurance premiums   –   26,852   –   – (c)   26,852 Net investment and interest income   24,450   1,614   27,230   (1,000) (b)   52,294 Other revenue   96,334   –   1,333   (109) (b)   97,558 Total revenues   1,296,407   28,466   52,962   (2,499)     1,375,336                         Costs and expenses:                       Operating expenses   718,067   11,790   5,109   (1,497) (b,c)   733,469 Commission expenses   95,980   –   –   –     95,980 Cost of sales   54,616   –   –   –     54,616 Benefits and losses   –   5,737   35,635   –     41,372 Amortization of deferred policy acquisition costs   –   –   6,979   –     6,979 Lease expense   8,302   93   26   (629) (b)   7,792 Depreciation, net of gains on disposal   113,866   –   –   –     113,866 Net losses on disposal of real estate   859   –   –   –     859 Total costs and expenses   991,690   17,620   47,749   (2,126)     1,054,933                         Earnings from operations before equity in earnings of subsidiaries   304,717   10,846   5,213   (373)     320,403                         Equity in earnings of subsidiaries   12,699   –   –   (12,699) (d)   –                         Earnings from operations   317,416   10,846   5,213   (13,072)     320,403 Other components of net periodic benefit costs   (304)   –   –   –     (304) Interest expense   (59,294)   –   (120)   373 (b)   (59,041) Fees on early extinguishment of debt   (50)   –   –   –     (50) Pretax earnings   257,768   10,846   5,093   (12,699)     261,008 Income tax expense   (58,524)   (2,167)   (1,073)   –     (61,764) Earnings available to common stockholders $ 199,244 $ 8,679 $ 4,020 $ (12,699)   $ 199,244                         (a) Balances for the quarter ended September 30, 2022                       (b) Eliminate intercompany lease / interest income                       (c) Eliminate intercompany premiums                       (d) Eliminate equity in earnings of subsidiaries                 Moving & Storage   Property & Casualty Insurance (a)   Life   Eliminations     U-Haul Holding Company     (Unaudited)     (In thousands) Revenues:                       Self-moving equipment rentals $ 977,052 $ – $ – $ (1,500) (c) $ 975,552 Self-storage revenues   159,424   –   –   –     159,424 Self-moving and self-storage products and service sales   75,402   –   –   –     75,402 Property management fees   9,651   –   –   –     9,651 Life insurance premiums   –   –   27,010   –     27,010 Property and casualty insurance premiums   –   26,477   –   (859) (c)   25,618 Net investment and interest income   666   3,343   28,182   (1,007) (b)   31,184 Other revenue   99,385   –   1,225   (115) (b)   100,495 Total revenues   1,321,580   29,820   56,417   (3,481)     1,404,336                         Costs and expenses:                       Operating expenses   642,900   12,198   5,465   (2,468) (b,c)   658,095 Commission expenses   105,155   –   –   –     105,155 Cost of sales   57,042   –   –   –     57,042 Benefits and losses   –   7,892   39,374   –     47,266 Amortization of deferred policy acquisition costs   –   –   7,947   –     7,947 Lease expense   7,917   73   28   (624) (b)   7,394 Depreciation, net of gains on disposal   103,736   –   –   –     103,736 Net losses on disposal of real estate   977   –   –   –     977 Total costs and expenses   917,727   20,163   52,814   (3,092)     987,612                         Earnings from operations before equity in earnings of subsidiaries   403,853   9,657   3,603   (389)     416,724                         Equity in earnings of subsidiaries   10,403   –   –   (10,403) (d)   –                         Earnings from operations   414,256   9,657   3,603   (10,792)     416,724 Other components of net periodic benefit costs   (280)   –   –   –     (280) Interest expense   (44,311)   –   (120)   389 (b)   (44,042) Fees on early extinguishment of debt   (956)   –   –   –     (956) Pretax earnings   368,709   9,657   3,483   (10,403)     371,446 Income tax expense   (87,243)   (2,027)   (710)   –     (89,980) Earnings available to common stockholders $ 281,466 $ 7,630 $ 2,773 $ (10,403)   $ 281,466                         (a) Balances for the quarter ended September 30, 2021                       (b) Eliminate intercompany lease / interest income                       (c) Eliminate intercompany premiums                       (d) Eliminate equity in earnings of subsidiaries                Moving & Storage   Property & Casualty Insurance (a)   Life   Eliminations     U-Haul Holding Company     (Unaudited)     (In thousands) Revenues:                       Self-moving equipment rentals $ 3,155,295 $ – $ – $ (3,676) (c) $ 3,151,619 Self-storage revenues   549,246   –   –   –     549,246 Self-moving and self-storage products and service sales   281,066   –   –   –     281,066 Property management fees   28,496   –   –   –     28,496 Life insurance premiums   –   –   75,636   –     75,636 Property and casualty insurance premiums   –   73,642   –   (1,100) (c)   72,542 Net investment and interest income   44,467   1,269   73,659   (3,019) (b)   116,376 Other revenue   398,293   –   3,466   (700) (b)   401,059 Total revenues   4,456,863   74,911   152,761   (8,495)     4,676,040                         Costs and expenses:                       Operating expenses   2,234,359   33,560   15,776   (5,465) (b,c)   2,278,230 Commission expenses   339,814   –   –   –     339,814 Cost of sales   206,912   –   –   –     206,912 Benefits and losses   –   16,191   106,644   –     122,835 Amortization of deferred policy acquisition costs   –   –   21,623   –     21,623 Lease expense   24,483   277   80   (1,889) (b)   22,951 Depreciation, net of gains on disposal   344,980   –   –   –     344,980 Net losses on disposal of real estate   5,038   –   –   –     5,038 Total costs and expenses   3,155,586   50,028   144,123   (7,354)     3,342,383                         Earnings from operations before equity in earnings of subsidiaries   1,301,277   24,883   8,638   (1,141)     1,333,657                         Equity in earnings of subsidiaries   26,420   –   –   (26,420) (d)   –                         Earnings from operations   1,327,697   24,883   8,638   (27,561)     1,333,657 Other components of net periodic benefit costs   (912)   –   –   –     (912) Interest expense   (166,814)   –   (360)   1,141 (b)   (166,033) Fees on early extinguishment of debt   (1,009)   –   –   –     (1,009) Pretax earnings   1,158,962   24,883   8,278   (26,420)     1,165,703 Income tax expense   (273,701)   (5,089)   (1,652)   –     (280,442) Earnings available to common stockholders $ 885,261 $ 19,794 $ 6,626 $ (26,420)   $ 885,261                         (a) Balances for the nine months ended September 30, 2022                       (b) Eliminate intercompany lease / interest income                       (c) Eliminate intercompany premiums                       (d) Eliminate equity in earnings of subsidiaries                 Moving & Storage   Property & Casualty Insurance (a)   Life   Eliminations     U-Haul Holding Company     (Unaudited)     (In thousands) Revenues:                       Self-moving equipment rentals $ 3,193,594 $ – $ – $ (3,604) (c) $ 3,189,990 Self-storage revenues   450,302   –   –   –     450,302 Self-moving and self-storage products and service sales   272,478   –   –   –     272,478 Property management fees   26,847   –   –   –     26,847 Life insurance premiums   –   –   84,628   –     84,628 Property and casualty insurance premiums   –   67,277   –   (2,291) (c)   64,986 Net investment and interest income   2,021   15,538   88,448   (3,044) (b)   102,963 Other revenue   346,591   –   2,985   (324) (b)   349,252 Total revenues   4,291,833   82,815   176,061   (9,263)     4,541,446                         Costs and expenses:                       Operating expenses   1,927,060   31,779   16,063   (6,204) (b,c)   1,968,698 Commission expenses   346,200   –   –   –     346,200 Cost of sales   193,448   –   –   –     193,448 Benefits and losses   –   16,679   122,515   –     139,194 Amortization of deferred policy acquisition costs   –   –   23,520   –     23,520 Lease expense   24,018   279   81   (1,896) (b)   22,482 Depreciation, net of gains on disposal   361,201   –   –   –     361,201 Net gains on disposal of real estate   (2,930)   –   –   –     (2,930) Total costs and expenses   2,848,997   48,737   162,179   (8,100)     3,051,813                         Earnings from operations before equity in earnings of subsidiaries   1,442,836   34,078   13,882   (1,163)     1,489,633                         Equity in earnings of subsidiaries   37,811   –   –   (37,811) (d)   –                         Earnings from operations   1,480,647   34,078   13,882   (38,974)     1,489,633 Other components of net periodic benefit costs   (840)   –   –   –     (840) Interest expense   (123,568)   –   (360)   1,163 (b)   (122,765) Fees on early extinguishment of debt   (956)   –   –   –     (956) Pretax earnings   1,355,283   34,078   13,522   (37,811)     1,365,072 Income tax expense   (318,744)   (7,133)   (2,656)   –     (328,533) Earnings available to common stockholders $ 1,036,539 $ 26,945 $ 10,866 $ (37,811)   $ 1,036,539                         (a) Balances for the nine months ended September 30, 2021                       (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     U-Haul Holding Company Consolidated     (Unaudited) Cash flows from operating activities:   (In thousands) Net earnings $   885,261 $   19,794 $   6,626 $   (26,420)   $   885,261 Earnings from consolidated entities   (26,420)   –   –   26,420     – Adjustments to reconcile net earnings to the cash provided by operations:                       Depreciation   544,176   –   –   –     544,176 Amortization of deferred policy acquisition costs   –   –   21,623   –     21,623 Amortization of premiums and accretion of discounts related to investments, net   –   1,285   13,947   –     15,232 Amortization of debt issuance costs   5,694   –   –   –     5,694 Interest credited to policyholders   –   –   39,048   –     39,048 Provision for recoveries for losses on trade receivables, net   (4,470)   (147)   –   –     (4,617) Provision for allowance for inventories and parts reserve   6,991   –   –   –     6,991 Net gains on disposal of personal property   (199,196)   –   –   –     (199,196) Net losses on disposal of real estate   5,038   –   –   –     5,038 Net (gains) losses on sales of investments   –   (75)   8,770   –     8,695 Net losses on equity investments   –   10,906   –   –     10,906 Deferred income taxes, net   125,717   (1,594)   (2,416)   –     121,707 Net change in other operating assets and liabilities:                       Reinsurance recoverables and trade receivables   23,092   (752)   3,513   –     25,853 Inventories and parts   1,682   –   –   –     1,682 Prepaid expenses   7,867   –   –   –     7,867 Capitalization of deferred policy acquisition costs   –   –   (20,406)   –     (20,406) Other assets   3,291   122   (730)   –     2,683 Related party assets   (29,478)   2,703   –   –     (26,775) Accounts payable and accrued expenses   61,253   2,096   (919)   –     62,430 Policy benefits and losses, claims and loss expenses payable   13,299   (4,120)   (5,689)   –     3,490 Other policyholders' funds and liabilities   –   633   1,134   –     1,767 Deferred income   (4,013)   –   1,845   –     (2,168) Related party liabilities   (799)   (617)   115   –     (1,301) Net cash provided by operating activities   1,418,985   30,234   66,461   –     1,515,680                         Cash flows from investing activities:                       Escrow deposits   159   –   –   –     159 Purchases of:                       Property, plant and equipment   (2,079,490)   –   –   3,066     (2,076,424) Short term investments   –   (49,429)   (372)   –     (49,801) Fixed maturities investments   (224,999)   (42,039)   (224,393)   –     (491,431) Equity securities   –   (3,177)   (1,651)   –     (4,828) Preferred stock   –   –   –   –     – Real estate   (2,677)   (4,920)   (257)   –     (7,854) Mortgage loans   –   (23,337)   (124,680)   –     (148,017) Proceeds from sales and paydowns of:                       Property, plant and equipment   533,595   –   –   –     533,595 Short term investments   –   67,062   –   –     67,062 Fixed maturities investments   –   17,938   130,352   –     148,290 Equity securities   –   1,181   6   –     1,187 Real estate   –   –   3,066   (3,066)     – Mortgage loans   –   16,192   140,100   –     156,292 Net cash used by investing activities $   (1,773,412) $   (20,529) $   (77,829) $   –   $   (1,871,770)     (page 1 of 2) (a) Balance for the period ended September 30, 2022                       Consolidating cash flow statements by industry segment for the nine months ended December 31, 2022 are as follows:     Moving & Storage   Property & Casualty   Life   Elimination     U-Haul Holding Company     (Unaudited) Cash flows from financing activities:   (In thousands) Borrowings from credit facilities $   975,966 $   – $   – $   –   $   975,966 Principal repayments on credit facilities   (695,321)   –   –   –     (695,321) Payments of debt issuance costs   (4,962)   –   –   –     (4,962) Finance lease payments   (95,290)   –   –   –     (95,290) Securitization deposits   137   –   –   –     137 Voting Common Stock dividends paid   (19,608)   –   –   –     (19,608) Non-Voting Common Stock dividends paid   (7,059)   –   –   –     (7,059) Investment contract deposits   –   –   258,157   –     258,157 Investment contract withdrawals   –   –   (236,742)   –     (236,742) Net cash provided by financing activities   153,863   –   21,415   –     175,278                         Effects of exchange rate on cash   (12,706)   –   –   –     (12,706)                         Increase (decrease) in cash and cash equivalents   (213,270)   9,705   10,047   –     (193,518) Cash and cash equivalents at beginning of period   2,643,213   10,800   50,124   –     2,704,137 Cash and cash equivalents at end of period $   2,429,943 $   20,505 $   60,171 $   –   $   2,510,619     (page 2 of 2) (a) Balance for the period ended September 30, 2022                Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Elimination     U-Haul Holding Company Consolidated     (Unaudited) Cash flows from operating activities:   (In thousands) Net earnings $   1,036,539 $   26,945 $   10,866 $   (37,811)   $   1,036,539 Earnings from consolidated entities   (37,811)   –   –   37,811     – Adjustments to reconcile net earnings to cash provided by operations:                       Depreciation   519,181   –   –   –     519,181 Amortization of deferred policy acquisition costs   –   –   23,520   –     23,520 Amortization of premiums and accretion of discounts related to investments, net   –   1,326   13,160   –     14,486 Amortization of debt issuance costs   4,200   –   –   –     4,200 Interest credited to policyholders   –   –   47,181   –     47,181 Provision for allowance (recoveries) for losses on trade receivables, net   1,413   (174)   4   –     1,243 Provision for allowance for inventories and parts reserve   9,799   –   –   –     9,799 Net gains on disposal of personal property   (157,980)   –   –   –     (157,980) Net gains on disposal of real estate   (2,930)   –   –   –     (2,930) Net gains on sales of investments   –   (223)   (3,272)   –     (3,495) Net gains on equity investments   –   (3,695)   –   –     (3,695) Deferred income taxes, net   134,541   763   (4,544)   –     130,760 Net change in other operating assets and liabilities:                       Reinsurance recoverables and trade receivables   (10,403)   1,567   1,465   –     (7,371) Inventories and parts   (70,796)   –   –   –     (70,796) Prepaid expenses   257,591   –   –   –     257,591 Capitalization of deferred policy acquisition costs   –   –   (25,703)   –     (25,703) Other assets   1,213   72   (107)   –     1,178 Related party assets   (17,870)   (813)   –   –     (18,683) Accounts payable and accrued expenses   30,634   1,659   965   –     33,258 Policy benefits and losses, claims and loss expenses payable   1,172   (1,987)   7,226   –     6,411 Other policyholders' funds and liabilities   –   61   (2,871)   –     (2,810) Deferred income   687   –   (1,213)   –     (526) Related party liabilities   (267)   (2,414)   474   –     (2,207) Net cash provided by operating activities   1,698,913   23,087   67,151   –     1,789,151                         Cash flows from investing activities:                       Escrow deposits   5,695   –   –   –     5,695 Purchases of:                       Property, plant and equipment   (1,652,984)   –   –   –     (1,652,984) Short term investments   –   (31,074)   –   –     (31,074) Fixed maturities investments   –   (7,749)   (440,534)   –     (448,283) Equity securities   –   –   (1,380)   –     (1,380) Preferred stock   –   –   (8,000)   –     (8,000) Real estate   (33)   –   (157)   –     (190) Mortgage loans   –   (19,132)   (112,501)   –     (131,633) Proceeds from sales and paydowns of:                       Property, plant and equipment   483,783   –   –   –     483,783 Short term investments   –   20,608   61   –     20,669 Fixed maturities investments   –   13,816   270,531   –     284,347 Equity securities   –   –   2,026   –     2,026 Preferred stock   –   2,000   –   –     2,000 Mortgage loans   –   851   27,213   –     28,064 Net cash used by investing activities $   (1,163,539) $   (20,680) $   (262,741) $   –   $   (1,446,960)     (page 1 of 2) (a) Balance for the period ended September 30, 2021                       Consolidating cash flow statements by industry segment for the nine months ended December 31, 2021 are as follows:       Moving & Storage   Property &   Life   Elimination     U-Haul Holding Company     (Unaudited) Cash flows from financing activities:   (In thousands) Borrowings from credit facilities $   1,202,412 $   – $   – $   –   $   1,202,412 Principal repayments on credit facilities   (322,232)   –   (11,187)   –     (333,419) Payment of debt issuance costs   (8,006)   –   –   –     (8,006) Finance lease payments   (129,150)   –   –   –     (129,150) Voting Common Stock dividends paid   (29,412)   –   –   –     (29,412) Investment contract deposits   –   –   271,657   –     271,657 Investment contract withdrawals   –   –   (177,777)   –     (177,777) Net cash provided by financing activities   713,612   –   82,693   –     796,305                         Effects of exchange rate on cash   (5,046)   –   –   –     (5,046)                         Increase (decrease) in cash and cash equivalents   1,243,940   2,407   (112,897)   –     1,133,450 Cash and cash equivalents at beginning of period   1,010,275   5,658   178,079   –     1,194,012 Cash and cash equivalents at end of period $   2,254,215 $   8,065 $   65,182 $   –   $   2,327,462     (page 2 of 2) (a) Balance for the period ended September 30, 2021