AMERCO Earnings 2020-06-30

Balance Sheet	Income Statement	Cash Flow
Assets, Equity	Rev, G Profit, Net Income	Ops, Inv, Fin

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

For the quarterly period ended June 30, 2020

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

For the transition period from __________________ to __________________

Commission File Number 001-11255


State or other jurisdiction of incorporation or organization	Registrant, State of Incorporation, Address and Telephone Number	I.R.S. Employer Identification No.



Nevada	AMERCO	88-0106815
	(A Nevada Corporation)
	5555 Kietzke Lane Suite 100
	Reno , Nevada 89511
	Telephone ( 775 ) 688-6300

	N/A
(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock , $0.25 par value	UHAL	NASDAQ Global Select Market

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company,” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer ☒ Accelerated filer ☐

Non-accelerated filer ☐ Smaller reporting company ☐

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

19,607,788 shares of AMERCO Common Stock, $0.25 par value, were outstanding at August 3, 2020.

TABLE OF CONTENTS

		Page
	PART I FINANCIAL INFORMATION
Item 1.	Financial Statements
	a) Condensed Consolidated Balance Sheets as of June 30, 2020 (unaudited) and March 31, 2020	1
	b) Condensed Consolidated Statements of Operations for the Quarters Ended June 30, 2020 and 2019 (unaudited)	2
	c) Condensed Consolidated Statements of Comprehensive Income (Loss) for the Quarters Ended June 30, 2020 and 2019 (unaudited)	3
	d) Condensed Consolidated Statements of Stockholders' Equity for the Quarters Ended June 30, 2020 and 2019 (unaudited)	4
	e) Condensed Consolidated Statements of Cash Flows for the Quarters Ended June 30, 2020 and 2019 (unaudited)	5
	f) Notes to Condensed Consolidated Financial Statements (unaudited)	6
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	40
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	50
Item 4.	Controls and Procedures	52

	PART II OTHER INFORMATION
Item 1.	Legal Proceedings	53
Item 1A.	Risk Factors	53
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	53
Item 3.	Defaults Upon Senior Securities	53
Item 4.	Mine Safety Disclosures	53
Item 5.	Other Information	53
Item 6.	Exhibits	53

part i financial information

Item 1. Financial information

AMERCO AND CONSOLIDATED SUBSIDIARIES

CONDENSED CONSOLIDATED balance sheets

		June 30,		March 31,
		2020		2020
		(Unaudited)
		(In thousands, except share data)
ASSETS
Cash and cash equivalents	$	825,074	$	494,352
Reinsurance recoverables and trade receivables, net		208,371		186,672
Inventories and parts, net		100,835		101,083
Prepaid expenses		585,879		562,904
Investments, fixed maturities and marketable equities		2,393,522		2,492,738
Investments, other		395,123		360,373
Deferred policy acquisition costs, net		117,123		103,118
Other assets		70,415		71,956
Right of use assets - financing, net		1,026,928		1,080,353
Right of use assets - operating		106,682		106,631
Related party assets		9,406		34,784
		5,839,358		5,594,964
Property, plant and equipment, at cost:
Land		1,043,952		1,032,945
Buildings and improvements		4,752,816		4,663,461
Furniture and equipment		754,641		752,363
Rental trailers and other rental equipment		513,623		511,520
Rental trucks		3,619,718		3,595,933
		10,684,750		10,556,222
Less: Accumulated depreciation		(2,811,749)		(2,713,162)
Total property, plant and equipment, net		7,873,001		7,843,060
Total assets	$	13,712,359	$	13,438,024
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Accounts payable and accrued expenses	$	582,356	$	554,353
Notes, loans and finance/capital leases payable, net		4,777,963		4,621,291
Operating lease liability		106,614		106,443
Policy benefits and losses, claims and loss expenses payable		998,762		997,647
Liabilities from investment contracts		1,833,617		1,802,217
Other policyholders' funds and liabilities		6,764		10,190
Deferred income		42,789		31,620
Deferred income taxes, net		1,106,312		1,093,543
Total liabilities		9,455,177		9,217,304

Commitments and contingencies (notes 4, 8, 9 and 10)
Stockholders' equity:
Series preferred stock, with or without par value, 50,000,000 shares authorized:
Series A preferred stock, with no par value, 6,100,000 shares authorized;
6,100,000 shares issued and none outstanding as of June 30 and March 31, 2020		-		-
Series B preferred stock, with no par value, 100,000 shares authorized; none
issued and outstanding as of June 30 and March 31, 2020		-		-
Serial common stock, with or without par value, 250,000,000 shares authorized:
Serial common stock of $ 0.25 par value, 10,000,000 shares authorized;
none issued and outstanding as of June 30 and March 31, 2020		-		-
Common stock, with $ 0.25 par value, 250,000,000 shares authorized:
Common stock of $ 0.25 par value, 250,000,000 shares authorized; 41,985,700
issued and 19,607,788 outstanding as of June 30 and March 31, 2020		10,497		10,497
Additional paid-in capital		453,819		453,819
Accumulated other comprehensive income (loss)		(13,732)		34,652
Retained earnings		4,484,248		4,399,402
Cost of common stock in treasury, net ( 22,377,912 shares as of June 30 and March 31, 2020)		(525,653)		(525,653)
Cost of preferred stock in treasury, net ( 6,100,000 shares as of June 30 and March 31, 2020)		(151,997)		(151,997)
Unearned employee stock ownership plan stock		-		-
Total stockholders' equity		4,257,182		4,220,720
Total liabilities and stockholders' equity	$	13,712,359	$	13,438,024

The accompanying notes are an integral part of these condensed consolidated financial statements.

AMERCO AND CONSOLIDATED SUBSIDIARIES

CONDENSED CONSOLIDATED Statements of operations

		Quarter Ended June 30,
		2020		2019
		(Unaudited)
		(In thousands, except share and per share amounts)
Revenues:
Self-moving equipment rentals	$	654,285	$	748,596
Self-storage revenues		108,955		98,274
Self-moving and self-storage products and service sales		91,350		80,026
Property management fees		7,347		7,156
Life insurance premiums		30,908		32,710
Property and casualty insurance premiums		13,734		13,424
Net investment and interest income		16,982		35,749
Other revenue		63,676		63,314
Total revenues		987,237		1,079,249

Costs and expenses:
Operating expenses		492,662		534,472
Commission expenses		69,175		80,899
Cost of sales		52,831		48,929
Benefits and losses		39,577		49,006
Amortization of deferred policy acquisition costs		6,888		6,064
Lease expense		6,603		7,036
Depreciation, net of gains on disposal of ($1,069 and $16,678, respectively)		165,671		140,600
Net gains on disposal of real estate		(256)		(1,622)
Total costs and expenses		833,151		865,384

Earnings from operations		154,086		213,865
Other components of net periodic benefit costs		(247)		(263)
Interest expense		(39,521)		(38,888)
Pretax earnings		114,318		174,714
Income tax expense		(26,592)		(42,292)
Earnings available to common stockholders	$	87,726	$	132,422
Basic and diluted earnings per common stock	$	4.47	$	6.76
Weighted average common stock outstanding: Basic and diluted		19,607,788		19,597,697

Related party revenues for the first quarter of fiscal 2021 and 2020, net of eliminations, were $7.3 million and $7.2 million, respectively.

Related party costs and expenses for the first quarter of fiscal 2021 and 2020, net of eliminations, were $16.0 million and $17.9 million, respectively.

Please see Note 10, Related Party Transactions, of the Notes to Condensed Consolidated Financial Statements for more information on the related party revenues and costs and expenses.

The accompanying notes are an integral part of these condensed consolidated financial statements.

AMERCO AND CONSOLIDATED SUBSIDIARIES

Condensed consolidatED statements of COMPREHENSIVE INCOME (loss)

Quarter Ended June 30, 2020		Pre-tax		Tax		Net
		(Unaudited)
		(In thousands)
Comprehensive income:
Net earnings	$	114,318	$	(26,592)	$	87,726
Other comprehensive income (loss):
Foreign currency translation		(2,917)		-		(2,917)
Unrealized net loss on investments		(58,962)		13,463		(45,499)
Change in fair value of cash flow hedges		(705)		173		(532)
Amounts reclassified into earnings on hedging activities		747		(183)		564
Total other comprehensive income (loss)		(61,837)		13,453		(48,384)

Total comprehensive income	$	52,481	$	(13,139)	$	39,342
		+


Quarter Ended June 30, 2019		Pre-tax		Tax		Net
		(Unaudited)
		(In thousands)
Comprehensive income:
Net earnings	$	174,714	$	(42,292)	$	132,422
Other comprehensive income (loss):
Foreign currency translation		2,982		-		2,982
Unrealized net gain on investments		51,827		(11,039)		40,788
Change in fair value of cash flow hedges		(1,194)		293		(901)
Amounts reclassified into earnings on hedging activities		(59)		15		(44)
Total other comprehensive income		53,556		(10,731)		42,825

Total comprehensive income	$	228,270	$	(53,023)	$	175,247

The accompanying notes are an integral part of these condensed consolidated financial statements.

Amerco and consolidated subsidiaries

condensed consolidated statements of changes in stockholders' equity

Description		Common Stock		Additional Paid-In Capital		Accumulated Other Comprehensive Income (Loss)		Retained Earnings		Less: Treasury Common Stock		Less: Treasury Preferred Stock		Less: Unearned Employee Stock Ownership Plan Shares		Total Stockholders' Equity
	(Unaudited)
	(In thousands)
Balance as of March 31, 2020	$	10,497	$	453,819	$	34,652	$	4,399,402	$	(525,653)	$	(151,997)	$	-	$	4,220,720
Adjustment for adoption of ASU 2016-13		-		-		-		(2,880)		-		-		-		(2,880)
Increase in market value of released ESOP shares		-		-		-		-		-		-		-		-
Release of unearned ESOP shares		-		-		-		-		-		-		-		-
Purchase of ESOP shares		-		-		-		-		-		-		-		-
Foreign currency translation		-		-		(2,917)		-		-		-		-		(2,917)
Unrealized net loss on investments, net of tax		-		-		(45,499)		-		-		-		-		(45,499)
Change in fair value of cash flow hedges, net of tax		-		-		(532)		-		-		-		-		(532)
Amounts reclassified into earnings on hedging activities		-		-		564		-		-		-		-		564
Net earnings		-		-		-		87,726		-		-		-		87,726
Net activity		-		-		(48,384)		84,846		-	-	-		-		36,462
Balance as of June 30, 2020	$	10,497	$	453,819	$	(13,732)	$	4,484,248	$	(525,653)		(151,997)	$	-	$	4,257,182

Balance as of March 31, 2019	$	10,497	$	453,326	$	(66,698)	$	3,976,962	$	(525,653)	$	(151,997)	$	(4,048)	$	3,692,389
Increase in market value of released ESOP shares		-		209		-		-		-		-		-		209
Release of unearned ESOP shares		-		-		-		-		-		-		1,309		1,309
Purchase of ESOP shares		-		-		-		-		-		-		(131)		(131)
Foreign currency translation		-		-		2,982		-		-		-		-		2,982
Unrealized net gain on investments, net of tax		-		-		40,788		-		-		-		-		40,788
Change in fair value of cash flow hedges, net of tax		-		-		(901)		-		-		-		-		(901)
Amounts reclassified into earnings on hedging activities		-		-		(44)		-		-		-		-		(44)
Net earnings		-		-		-		132,422		-		-		-		132,422
Net activity		-		209		42,825		132,422		-		-		1,178		176,634
Balance as of June 30, 2019	$	10,497	$	453,535	$	(23,873)	$	4,109,384	$	(525,653)	$	(151,997)	$	(2,870)	$	3,869,023

The accompanying notes are an integral part of these consolidated financial statements.

AMERCO AND CONSOLIDATED subsidiaries

Condensed consolidatED statements of cash flows

		Quarter Ended June 30,
		2020		2019
		(Unaudited)
		(In thousands)
Cash flows from operating activities:
Net earnings	$	87,726	$	132,422
Adjustments to reconcile net earnings to cash provided by operations:
Depreciation		166,740		157,278
Amortization of deferred policy acquisition costs		6,888		6,064
Amortization of premiums and accretion of discounts related to investments, net		3,550		3,275
Amortization of debt issuance costs		1,297		1,053
Interest credited to policyholders		7,667		14,218
Change in allowance for losses on trade receivables		60		(162)
Change in allowance for inventories and parts reserves		(99)		367
Net gains on disposal of personal property		(1,069)		(16,678)
Net gains on disposal of real estate		(256)		(1,622)
Net (gains) losses on sales of investments		2,014		(4,267)
Net (gains) losses on equity investments		3,989		(2,215)
Deferred income taxes		27,534		29,763
Net change in other operating assets and liabilities:
Reinsurance recoverables and trade receivables		(23,594)		(18,215)
Inventories and parts		350		2,110
Prepaid expenses		(22,831)		(15,720)
Capitalization of deferred policy acquisition costs		(7,308)		(5,090)
Other assets		74		3,337
Related party assets		7,329		(1,364)
Accounts payable and accrued expenses		58,273		89,716
Policy benefits and losses, claims and loss expenses payable		528		2,318
Other policyholders' funds and liabilities		(3,426)		(5,281)
Deferred income		14,898		8,527
Related party liabilities		(249)		1,092
Net cash provided by operating activities		330,085		380,926

Cash flows from investing activities:
Escrow deposits		1,401		1,968
Purchases of:
Property, plant and equipment		(249,740)		(847,248)
Short term investments		(9,625)		(8,689)
Fixed maturities investments		(94,193)		(76,515)
Real estate		(192)		(328)
Mortgage loans		(33,300)		(9,410)
Proceeds from sales and paydowns of:
Property, plant and equipment		76,412		160,754
Short term investments		2,448		6,982
Fixed maturities investments		110,165		38,258
Real estate		-		311
Mortgage loans		1,432		1,678
Net cash used by investing activities		(195,192)		(732,239)

Cash flows from financing activities:
Borrowings from credit facilities		377,051		333,700
Principal repayments on credit facilities		(154,089)		(61,104)
Payment of debt issuance costs		(1,677)		(5)
Finance/capital lease payments		(68,554)		(94,446)
Employee stock ownership plan stock		-		(131)
Common stock dividends paid		-		(9,796)
Net contribution from (to ) related party		18,599		-
Investment contract deposits		75,366		61,515
Investment contract withdrawals		(51,633)		(37,054)
Net cash provided by financing activities		195,063		192,679

Effects of exchange rate on cash		766		4,764

Increase (decrease) in cash and cash equivalents		330,722		(153,870)
Cash and cash equivalents at the beginning of period		494,352		673,701
Cash and cash equivalents at the end of period	$	825,074	$	519,831

The accompanying notes are an integral part of these condensed consolidated financial statements

amerco and consolidated subsidiaries

notes to condensed consolidated financial statements - (continued)

1.Basis of Presentation

AMERCO, a Nevada corporation (“AMERCO”), has a first fiscal quarter that ends on the 30 th of June for each year that is referenced. Our insurance company subsidiaries have a first quarter that ends on the 31 st of March for each year that is referenced. They have been consolidated on that basis. Our insurance companies' financial reporting processes conform to calendar year reporting as required by state insurance departments. Management believes that consolidating their calendar year into our fiscal year financial statements does not materially affect the presentation of financial position or results of operations. We disclose material events, if any, occurring during the intervening period. Consequently, all references to our insurance subsidiaries' years 2020 and 2019 correspond to fiscal 2021 and 2020 for AMERCO.

Accounts denominated in non-U.S. currencies have been translated into U.S. dollars. Certain amounts reported in previous years have been reclassified to conform to the current presentation.

The condensed consolidated balance sheet as of June 30, 2020 and the related condensed consolidated statements of operations, comprehensive income (loss), stockholders' equity and cash flows for the first quarter of fiscal 2021 and 2020 are unaudited.

In our opinion, all adjustments necessary for the fair presentation of such condensed consolidated financial statements have been included. Such adjustments consist only of normal recurring items. Interim results are not necessarily indicative of results for a full year. The information in this Quarterly Report on Form 10-Q (“Quarterly Report”) should be read in conjunction with Management's Discussion and Analysis of Financial Condition and Results of Operations and financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended March 31, 2020.

Intercompany accounts and transactions have been eliminated.

Description of Legal Entities

AMERCO is the holding company for:

U-Haul International, Inc. (“U-Haul”);

Amerco Real Estate Company (“Real Estate”);

Repwest Insurance Company (“Repwest”); and

Oxford Life Insurance Company (“Oxford”).

Unless the context otherwise requires, the terms “Company,” “we,” “us” or “our” refer to AMERCO and all of its legal subsidiaries.

Description of Operating Segments

AMERCO has three ( 3 ) reportable segments. They are Moving and Storage, Property and Casualty Insurance and Life Insurance.

The Moving and Storage operating segment (“Moving and Storage”) includes AMERCO, U-Haul and Real Estate and the wholly owned subsidiaries of U-Haul and Real Estate. Operations consist of the rental of trucks and trailers, sales of moving supplies, sales of towing accessories, sales of propane, and the rental of fixed and portable moving and storage units to the “do-it-yourself” mover and management of self-storage properties owned by others. Operations are conducted under the registered trade name U-Haul ® throughout the United States and Canada.

The Property and Casualty Insurance operating segment (“Property and Casualty Insurance”) includes Repwest and its wholly owned subsidiaries and ARCOA Risk Retention Group (“ARCOA”). Property and Casualty Insurance provides loss adjusting and claims handling for U-Haul ® through regional offices in the United States and Canada. Property and Casualty Insurance also underwrites components of the Safemove ® , Safetow ® , Safemove Plus ® , Safestor ® and Safestor Mobile ® protection packages to U-Haul customers. The business plan for Property and Casualty Insurance includes offering property and casualty insurance products in other U-Haul-related programs. ARCOA is a group captive insurer owned by us and our wholly owned subsidiaries whose purpose is to provide insurance products related to our moving and storage business.

amerco and consolidated subsidiaries

notes to condensed consolidated financial statements - (continued)

The Life Insurance operating segment (“Life Insurance”) includes Oxford and its wholly owned subsidiaries. Life Insurance provides life and health insurance products primarily to the senior market through the direct writing and reinsuring of life insurance, Medicare supplement and annuity policies.

Summary of Significant Accounting Polices

Refer to our Annual Report on Form 10-K for the fiscal year ended March 31, 2020 for a summary of significant accounting policies. At the beginning of the first quarter of fiscal 2021, we adopted Accounting Standards Update 2016-13 , Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). ASU 2016-13 replaces the incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. In addition, new disclosures are required. The new standard requires that expected credit losses relating to financial assets measured on an amortized cost basis and available-for-sale debt securities be recorded through an allowance for credit losses. It also limits the amount of credit losses to be recognized for available-for-sale debt securities to the amount by which carrying value exceeds fair value and also requires the reversal of previously recognized credit losses if fair value increases We adopted ASU 2016-13 using the modified retrospective method for all financial assets measured at amortized cost. We modified our policy on accounting for allowance for doubtful accounts on trade accounts receivable. We perform ongoing credit evaluations of our customers and assesses each customer's credit worthiness. We monitor collections and payments from our customers and maintains an allowance for doubtful accounts based upon applying an expected credit loss rate to receivables based on the historical loss rate from similar high risk customers adjusted for current conditions, including any specific customer collection issues identified, and forecasts of economic conditions. Delinquent account balances are written off after management has determined that the likelihood of collection is remote. The adoption of ASU 2016-13 resulted in a cumulative-effect adjustment to the opening balance of retained earnings of $2.9 million and did not have a material impact on our results of operations, financial condition or liquidity. Please see Note 16, Allowance for Credit Losses, of the Notes to Condensed Consolidated Financial Statements.

2. Earnings per Share

Our earnings per share is calculated by dividing our earnings available to common stockholders by the weighted average common shares outstanding, basic and diluted.

The weighted average common shares outstanding exclude post-1992 shares of the employee stock ownership plan that have not been committed to be released. The unreleased shares, net of shares committed to be released, were 8,216 as of June 30, 2019. As of June 20, 2020, all of these shares have been released.

3. Investments

Expected maturities may differ from contractual maturities as borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

We deposit bonds with insurance regulatory authorities to meet statutory requirements. The adjusted cost of bonds on deposit with insurance regulatory authorities was $ 30.8 million as of June 30, 2020 and March 31, 2020.

amerco and consolidated subsidiaries

notes to condensed consolidated financial statements - (continued)

Available-for-Sale Investments

Available-for-sale investments as of June 30, 2020 were as follows:

		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses More than 12 Months		Gross Unrealized Losses Less than 12 Months		Allowance for Expected Credit Losses		Estimated Market Value
		(Unaudited)
		(In thousands)
U.S. treasury securities and government obligations	$	84,814	$	12,192	$	-	$	-	$	-	$	97,006
U.S. government agency mortgage-backed securities		126,599		3,458		(1)		(39)		-		130,017
Obligations of states and political subdivisions		270,476		21,364		(141)		(2)		-		291,697
Corporate securities		1,636,025

Price	392.50	EPS	19
Shares	20	P/E	21
MCap	7,694	P/FCF	9
Net Debt	-525	EBIT	543
TEV	7,169	TEV/EBIT	13
TTM 2019-09-30, in MM, except price, ratios

10-Q	2020-06-30	Filed 2020-08-05
10-K	2020-03-31	Filed 2020-05-27
10-Q	2019-12-31	Filed 2020-02-05
10-Q	2019-09-30	Filed 2019-11-06
10-Q	2019-06-30	Filed 2019-08-07
10-K	2019-03-31	Filed 2019-05-29
10-Q	2018-12-31	Filed 2019-02-06
10-Q	2018-09-30	Filed 2018-11-07
10-Q	2018-06-30	Filed 2018-08-08
10-K	2018-03-31	Filed 2018-05-30
10-Q	2017-12-31	Filed 2018-02-07
10-Q	2017-09-30	Filed 2017-11-08
10-Q	2017-06-30	Filed 2017-08-09
10-K	2017-03-31	Filed 2017-05-24
10-Q	2016-12-31	Filed 2017-02-08
10-Q	2016-09-30	Filed 2016-11-09
10-Q	2016-06-30	Filed 2016-08-03
10-K	2016-03-31	Filed 2016-05-25
10-Q	2015-12-31	Filed 2016-02-03
10-Q	2015-09-30	Filed 2015-11-04
10-Q	2015-06-30	Filed 2015-08-05
10-K	2015-03-31	Filed 2015-05-27
10-Q	2014-12-31	Filed 2015-02-04
10-Q	2014-09-30	Filed 2014-11-05
10-Q	2014-06-30	Filed 2014-08-06
10-K	2014-03-31	Filed 2014-05-28
10-Q	2013-12-31	Filed 2014-02-05
10-Q	2013-09-30	Filed 2013-11-06
10-Q	2013-06-30	Filed 2013-08-07
10-K	2013-03-31	Filed 2013-06-05
10-Q	2012-12-31	Filed 2013-02-06
10-Q	2012-09-30	Filed 2012-11-07
10-Q	2012-06-30	Filed 2012-08-08
10-K	2012-03-31	Filed 2012-06-06
10-Q	2011-12-31	Filed 2012-02-08
10-Q	2011-09-30	Filed 2011-11-02
10-Q	2011-06-30	Filed 2011-08-03
10-K	2011-03-31	Filed 2011-06-09
10-Q	2010-12-31	Filed 2011-02-02
10-Q	2010-09-30	Filed 2010-11-03
10-Q	2010-06-30	Filed 2010-08-04
10-K	2010-03-31	Filed 2010-06-09
10-Q	2009-12-31	Filed 2010-02-04

8-K	2020-08-20	Shareholder Vote, Other Events, Exhibits
8-K	2020-05-22
8-K	2020-02-18
8-K	2020-01-10
8-K	2019-12-10
8-K	2019-12-04
8-K	2019-11-06
8-K	2019-08-22
8-K	2019-08-02
8-K	2019-05-03
8-K	2019-05-03
8-K	2019-03-29
8-K	2019-03-07
8-K	2019-03-06
8-K	2018-12-05
8-K	2018-10-23
8-K	2018-08-28
8-K	2018-08-28
8-K	2018-08-23
8-K	2018-06-12
8-K	2018-06-06
8-K	2018-03-08
8-K	2018-03-06

EX-31.1	ex311.htm
EX-31.2	ex312.htm
EX-32.1	ex321.htm
EX-32	ex322.htm

UHAL 10Q Quarterly Report

AMERCO Earnings 2020-06-30