Profile: Amerco (UHAL.O)
AMERCO, incorporated on April 9, 1969, is a do-it-yourself moving and storage operator through its subsidiary, U-Haul International, Inc. (U-Haul). The Company supplies its products and services to help people move and store their household and commercial goods through U-Haul. It rents its orange and white U-Haul trucks and trailers, as well as it offers self-storage rooms through a network of approximately 1,700 Company-operated retail moving stores and approximately 19,500 independent U-Haul dealers. It also sells U-Haul brand boxes, tape, and other moving and self-storage products and services to do-it-yourself moving and storage customers at its distribution outlets and through uhaul.com and eMove Websites. The Company operates through three segments: Moving and Storage; Property and Casualty Insurance, and Life Insurance.
Moving and Storage segment
The Moving and Storage segment includes the operations of AMERCO, U-Haul and Amerco Real Estate Company (Real Estate), and the subsidiaries of U-Haul and Real Estate. The Moving and Storage segment consists of the rental of trucks, trailers, portable moving and storage units, specialty rental items and self-storage spaces primarily to the household mover, as well as sales of moving supplies, towing accessories and propane. It conducts operations under a trade name, U-Haul, throughout the United States and Canada. Its self-moving related products and services, such as boxes, pads and insurance, allow its customers to protect their belongings from potential damage during the moving process. Its self-storage business operations consist of the rental of self-storage rooms, portable moving and storage units, sales of self-storage related products, the facilitation of sales of services, and the management of self-storage facilities owned by others. U-Haul operates over 536,000 storage rooms, comprising approximately 47.9 million square feet of storage space with locations in over 50 states and approximately 10 Canadian provinces. U-Haul's owned and managed self-storage facility locations range in size up to 172,000 square feet of storage space, with individual storage units in sizes ranging from 6 square feet to 1,000 square feet. Moving Help and U-Haul Storage Affiliates on uhaul.com are online marketplaces that connect consumers to independent Moving Help service providers and a range of independent Self-Storage Affiliates. The Company's network of affiliates and service providers furnish pack and load help, cleaning help, self-storage and similar services, all over North America.
Property and Casualty Insurance segment
The Property and Casualty Insurance segment consists of the operations of Repwest Insurance Company (Repwest) and its subsidiaries, and ARCOA Risk Retention Group (ARCOA). The Property and Casualty Insurance segment provides loss adjusting and claims handling for U-Haul through regional offices across North America. Property and Casualty Insurance also underwrites components of the Safemove, Safetow, Safemove Plus and Safestor protection packages to U-Haul customers.
Life Insurance segment
The Life Insurance segment consists of the operations of Oxford Life Insurance Company (Oxford) and its subsidiaries. The Life Insurance segment provides life and health insurance products. The Life Insurance segment provides products primarily to the senior market through the direct writing and reinsuring of life insurance, Medicare supplement and annuity policies.
The Company competes with Avis Budget Group, Inc., Penske Truck Leasing, Public Storage Inc., Extra Space Storage, Inc., Cubesmart and Sovran Self-Storage Inc.
5555 Kietzke Ln Ste 100
RENO NV 89511-2096