U-Haul Holding Company (formerly AMERCO) is a leading provider of do-it-yourself moving and storage solutions across the United States and Canada. The company operates through three primary business segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment is the core driver of the business, generating over 90% of total revenues. This segment encompasses the rental of a massive fleet of trucks, trailers, and towing devices through a vast network of company-operated retail centers and independent dealers. Additionally, U-Haul is one of the largest operators of self-storage facilities in North America, offering millions of rentable square feet of storage space. The company also generates revenue from the sale of moving supplies, packing materials, towing accessories, and propane refueling services.
The insurance segments, while smaller, complement the core business. The Property and Casualty Insurance segment (Repwest Insurance Company) primarily provides loss adjusting and claims handling for U-Haul, as well as optional damage coverage for rental customers. The Life Insurance segment (Oxford Life Insurance Company) offers life insurance, Medicare supplement, and annuity policies primarily to the senior market. U-Haul's competitive position is underpinned by its ubiquitous brand recognition, unmatched fleet size, and extensive geographic footprint, making it the dominant player in the North American DIY moving industry.
