U-Haul Holding Company
amerco.comWhat Do They Do?
Rents moving and storage equipment and sells related products to do-it-yourself household movers. Its subsidiaries also sell insurance to U-Haul customers and seniors.
10-K for FY2026, filed May 27, 2026Our Moving and Storage segment (“Moving and Storage”) consists of the rental of trucks and trailers, sales of moving supplies, sales of…View ↗
Our customers are primarily “do-it-yourself” household movers. U-Haul moving equipment is specifically designed, engineered and…View ↗
Our Property and Casualty Insurance segment (“Property and Casualty Insurance”) provides loss adjusting and claims handling for U-Haul…View ↗
Life Insurance provides life and health insurance products primarily to the senior market through the direct writing and reinsuring of life…View ↗
How Do They Make Money?
Household movers pay to rent trucks and moving equipment over the rental period and for storage over paid storage days; one-way rentals are paid at booking, while in-town rentals start with a deposit and are settled when equipment is returned. Customers pay for supplies on delivery, and insurance premiums are earned over policy periods.
10-K for FY2026, filed May 27, 2026Self-moving rentals are recognized for the period that trucks and moving equipment are rented. Self-storage revenues, based upon the number…View ↗
Sales of self-moving and self-storage related products are recognized at the time that title passes and the customer accepts delivery. The…View ↗
Self-moving equipment rentals are recognized over the contract period that trucks and moving equipment are rented. We offer two types of…View ↗
F-47 equipment usage. An estimated fee in the form of a deposit is received at the initiation of the contract for in-town rentals, and…View ↗
Self-storage revenues are recognized as earned over the contract period based upon the number of paid storage contract days.View ↗
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10-K for FY2026, filed May 27, 2026
FY2026 revenue by reportable segment ↗
$6B
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10-K for FY2026, filed May 27, 2026
$6B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Moving and Storage Operating Segment
|
94%
FY2023: 95%
|
Moving and Storage Operating Segment, FY2026
$5.7B Sources
|
|
|
Property and Casualty Insurance
Recurring
|
2.3%
FY2023: 1.8%
|
Property and Casualty Insurance, FY2026
$141.2M Sources
|
Recurring |
|
Life Insurance
Recurring
|
3.7%
FY2023: 3.5%
|
Life Insurance, FY2026
$221.8M Sources
|
Recurring |
Who Are Their Customers?
Do-it-yourself household movers rent equipment and storage or buy moving supplies through company-operated stores, independent dealers, and U-Haul's website and app. The insurance subsidiaries provide protection products to U-Haul customers, while the life insurer sells life and health products primarily to seniors.
10-K for FY2026, filed May 27, 2026We rent our distinctive orange and white U-Haul trucks and trailers, and orange door self-storage units, through a network of over 2,400…View ↗
Our customers are primarily “do-it-yourself” household movers. U-Haul moving equipment is specifically designed, engineered and…View ↗
As of March 31, 2026, our rental fleet consisted of approximately 204,800 trucks, 136,600 trailers and 42,000 towing devices. This…View ↗
Through the U-Haul Storage Affiliates program, independent storage businesses can join one of the world’s largest self-storage reservation…View ↗
Our Property and Casualty Insurance segment (“Property and Casualty Insurance”) provides loss adjusting and claims handling for U-Haul…View ↗
Life Insurance provides life and health insurance products primarily to the senior market through the direct writing and reinsuring of life…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 1 cent of every revenue dollar as net income in FY2026, but spent more cash than it brought in: free cash flow was −$1.4B.
10-K for FY2026, filed May 27, 2026
$432.6MView ↗
10-K for FY2026, filed May 27, 2026
$83.1MView ↗
10-K for FY2026, filed May 27, 2026
−$1.4BView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q1 FY2024, filed Aug 5, 2026
$122.9MView ↗
- ▼ −14%
- vs $142.3M in Q1 FY2023
10-Q for Q1 FY2024, filed Aug 5, 2026
Open tableView ↗
Flat. Revenue was $6B in FY2026, about the same as the $5.7B of FY2022.
Expanded towing options
The latest report includes Toy Hauler alongside auto transport and a tow dolly; the older report listed auto transport and a tow dolly.
10-K for FY2023, filed Jun 2, 2023 10-K for FY2026, filed May 27, 2026We also provide customers with equipment to transport their vehicles. We provide two towing options: auto transport, in which all four…View ↗
We also provide customers with equipment to transport their vehicles. We provide three towing options: auto transport and Toy Hauler, both…View ↗
Who Do They Compete With?
Competes with Avis Budget Group, Penske Truck Leasing, Enterprise Truck Rental, Turo, Lugg, GoShare, Public Storage, CubeSmart, and Extra Space Storage
10-K for FY2026, filed May 27, 2026The truck rental industry is highly competitive and includes a number of significant national, regional and local competitors. Generally…View ↗
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