U-Haul Holding Co. (UHAL.B)

Overview

U-Haul Holding Company, once known as AMERCO, was established in 1945 and maintains its headquarters in Reno, Nevada. It distinguishes itself as a leading do-it-yourself moving and storage operator in the United States and Canada, catering to both household and commercial needs. The core of its business revolves around the Moving and Storage segment, which provides a comprehensive range of rental and retail services, supplemented by its Property and Casualty Insurance segment that offers various insurance products, including unique moving and storage protection packages. The Life Insurance segment enhances its portfolio by catering to the senior market with a focus on life insurance and annuity policies. The company’s extensive network and diverse product offerings position it as a key player in the moving and storage industry.

Products and Services

• Moving and Storage Equipment Rentals:

The backbone of U-Haul’s offerings includes renting trucks, trailers, portable moving and storage units, and other specialty rental items. These are tailored mainly for household movers, providing a do-it-yourself solution to moving and storage needs.

• Retail Moving Supplies:

U-Haul sells a variety of moving supplies that include boxes specifically designed for dishes, computers, flat screen TVs, and sensitive electronic equipment, alongside other essentials like tapes, security locks, and propane.

• Online Marketplace - uhaul.com:

This platform connects consumers with independent Moving Help service providers and self-storage affiliates, facilitating a smoother moving process.

• Vehicle Transport Options:

The company offers auto transport and tow dolly options allowing for the secure transportation of vehicles during a move.

• Self-Storage Facilities:

U-Haul’s self-storage locations offer rentable storage units, providing a secure space for customers to store their belongings short-term or long-term.

• Insurance Services:

The Property and Casualty Insurance segment delivers various protections for clients, including moving and storage protection packages like Safemove, Safetow for towing, Safestor for storage, and Safemove Plus which offers an additional layer of primary liability protection.

• Life and Health Insurance Products:

Addressing the demands of the senior market, this segment focuses on direct writing and reinsurance of life insurance, medicare supplement, and annuity policies, bolstering the company’s commitment to providing comprehensive services beyond moving and storage.