Company Overview

U‑Haul Holding Company is a U.S.-based holding company operating primarily in the moving and storage, self‑storage, and insurance industries. The company is best known through its principal subsidiary, U‑Haul International, Inc., which provides do‑it‑yourself moving and storage solutions to individual consumers and small businesses. Its core offerings include truck and trailer rentals, portable moving containers, self‑storage facilities, moving supplies, and related logistics services, making it one of the largest providers of moving equipment in North America.

The company was founded in 1945 by Leonard Shoen and originally operated under the name AMERCO, which remains the legal parent entity name in regulatory filings. Over decades, the business evolved from a regional trailer rental operation into a vertically integrated moving and storage platform with a vast owned fleet and real estate footprint. Its strategic advantages include a large proprietary rental fleet, extensive self‑storage assets, and a broad independent dealer network, which together support strong brand recognition and scale efficiencies.

Business Operations

U‑Haul Holding Company operates through three primary reportable business segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment, which generates the substantial majority of revenue, is conducted mainly through U‑Haul International, Inc. and includes truck and trailer rentals, self‑storage rentals, portable U‑Box container rentals, and sales of moving and packing supplies. This segment also includes the ownership and management of self‑storage and warehouse properties through AMERCO Real Estate Company.

The Property and Casualty Insurance segment operates primarily through RepWest Insurance Company, providing loss protection coverage related to U‑Haul rental transactions, while the Life Insurance segment is conducted through Oxford Life Insurance Company, offering life, annuity, and reinsurance products. Operations are predominantly domestic, with limited international exposure concentrated in Canada. The company relies largely on internally developed technology platforms and owned physical assets rather than material joint ventures.

Strategic Position & Investments

Strategically, U‑Haul Holding Company focuses on expanding its owned self‑storage portfolio, modernizing and maintaining its rental fleet, and enhancing customer‑facing digital platforms to improve reservation, logistics, and pricing efficiency. A key long‑term initiative is the conversion of owned real estate into multi‑story self‑storage facilities in high‑density urban markets, which supports recurring rental income and asset appreciation.

The company regularly invests in fleet renewal, fuel efficiency, and alternative fuel initiatives, including propane‑powered trucks, as part of cost management and environmental considerations. Rather than large transformative acquisitions, growth has primarily come from incremental property acquisitions, development projects, and internal capital investment. Its insurance subsidiaries continue to operate conservatively, focusing on underwriting discipline and capital preservation.

Geographic Footprint

U‑Haul Holding Company’s operations are concentrated in the United States and Canada, where it maintains tens of thousands of rental locations through a combination of company‑owned centers and independent dealers. The self‑storage portfolio is heavily weighted toward major U.S. metropolitan areas, with particularly strong presence in the Western, Southern, and Midwestern United States.

International exposure outside North America is limited and not a material contributor to revenue. The company’s headquarters are located in Phoenix, Arizona, which also serves as a central hub for corporate management, fleet coordination, and technology development.

Leadership & Governance

The company remains closely associated with its founding family and is led by long‑tenured executives with deep operational experience. Leadership emphasizes disciplined capital allocation, long‑term asset ownership, and maintaining control over core operating infrastructure rather than reliance on third‑party providers.

Key executives include:

• Edward J. Shoen – Chairman of the Board and Chief Executive Officer
• Jason A. Berg – President
• Timothy A. Collins – Chief Financial Officer
• Mark V. Shoen – Executive Vice President
• James P. Shoen – Executive Vice President

Governance reflects a controlled ownership structure with dual‑class common stock, which allows the company to pursue long‑term strategic objectives with reduced exposure to short‑term market pressures.