U-Haul 2006 Annual Report Download - page 24

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AMERCO AND CONSOLIDATED ENTITIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
Note 7: Investments
Held-to Maturity Investments
Held-to maturity investments at December 31, 2005 were as follows:
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Market
Value
U.S. treasury securities and government obligations $ 613 $ 107 $ - $ 720
Mortgage-backed securities 409 6 - 415
$1,022 $ 113 $ - $ 1,135
(In thousands)
Held-to maturity investments at December 31, 2004 were as follows:
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Market
Value
U.S. treasury securities and government obligations $ 566 $ 133 $ - $ 699
Mortgage-backed securities 864 23 (2) 885
$1,430 $ 156 $ (2) $ 1,584
(In thousands)
The adjusted cost and estimated market value of held-to maturity investments in debt securities at December 31, 2005
and December 31, 2004, by contractual maturity, were as follows:
Amortized
Cost
Estimated
Market
Value
Amortized
Cost
Estimated
Market
Value
Due in one year or less $ 169 $ 172 $ - $ -
Due after one year through five years 203 228 260 287
Due after five years through ten years 167 210 220 285
After ten years 74 110 86 127
613 720 566 699
Mortgage backed securities 409 415 864 885
$1,022 $ 1,135 $ 1,430 $ 1,584
December 31, 2005 December 31, 2004
(In thousands)
Expected maturities may differ from contractual maturities as borrowers may have the right to call or prepay obligations
with or without call or prepayment penalties.
The Company deposits bonds with insurance regulatory authorities to meet statutory requirements. The adjusted cost of
bonds on deposit with insurance regulatory authorities was $13.0 million at December 31, 2005 and $12.9 million at
December 31, 2004.
F-17