U-Haul 2007 Annual Report Download - page 11

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Our self-storage business consists of U-Haul self-storage room rentals, s
5
elf-storage related products and service
sa
0 square feet of storage space, with individual storage units in
si
alarmed rooms; extended hour access; and
an
ed Affiliates provides pack and load help, cleaning
he
e Affiliated Rentals (S.O.A.R®), co-branded
re
ers and businesses in the moving and storage market.
P
he business plan for
R
pproximately 1.9%, 1.8% and
scal 2007, 2006 and 2005, respectively.
Li
Oxford also
ad
t was approximately 6.9%, 6.7% and 7.6% of consolidated
005, respectively.
SA
he results of SAC Holding II in the
consolidated financial statements of AMERCO, as required by FIN 46(R).
les and management of self-storage facilities not owned by the Company.
U-Haul is one of the largest North American operators of self-storage and has been a leader in the self-storage
industry since 1974. U-Haul operates over 383,000 storage rooms, comprising approximately 33.7 million square
feet of storage space with locations in 49 states and 10 Canadian provinces. U-Haul’ s owned and managed self-
storage facility locations range in size up to 171,50
zes ranging from 6 square feet to 845 square feet.
The primary market for storage rooms is the storage of household goods. We believe that our self-storage services
provide a competitive advantage through such things as Maximum Security (“MAX”), an electronic system that
monitors the storage facility 24 hours a day; climate control; individually
internet-based customer reservation and account management system.
eMove is an online marketplace that connects consumers to over 3,900 independent sellers of Moving Help™ and
over 2,900 Self-Storage Affiliates. Our network of customer-rat
lp, self-storage and similar services, all over North America.
An individual or a company can connect to the eMove network by becoming an eMove Moving Help® Affiliate
or an eMove Storage Affiliate™. Moving Helpers assist customers with packing, loading, cleaning and unloading
their truck or storage unit. The Storage Affiliate program enables independent self-storage facilities to expand their
reach by connecting into a centralized 1-800 and internet reservation system and for a fee, receive an array of
services including web-based management software, Secured Onlin
ntal trucks, savings on insurance, credit card processing and more.
With over 100,000 unedited reviews of independent Affiliates, the marketplace has facilitated thousands of
Moving Help® and Self-Storage transactions all over North America. We believe that acting as an intermediary,
with little added investment, serves the customer in a cost effective manner. Our goal is to further utilize our web-
based technology platform to increase service to consum
roperty and Casualty Insurance Operating Segment
RepWest provides loss adjusting and claims handling for U-Haul through regional offices across North America.
Through the Company’ s affiliation with RepWest, U-Haul offers its customers moving and storage contents
insurance products, branded Safemove and Safestor, respectively. The Safemove policy provides moving customers
with a damage waiver, cargo protection and medical and life coverage. Management believes that its Safemove
product is highly competitive, as competing policies contain deductibles, higher premiums and more confusing
layers of coverage. We continue to focus on increasing the penetration of these products. T
epWest includes offering property and casualty products for other U-Haul related programs.
Net revenue from our Property and Casualty Insurance operating segment were a
2.1% of consolidated net revenue in fi
fe Insurance Operating Segment
Oxford originates and reinsures annuities, ordinary life and Medicare supplement insurance.
ministers the self-insured employee health and dental plans for Arizona employees of the Company.
Net revenue from our Life Insurance operating segmen
net revenue in fiscal 2007, 2006 and 2
C Holding II Operating Segment
SAC Holding Corporation and its subsidiaries, and SAC Holding II Corporation and its subsidiaries, collectively
referred to as “SAC Holdings”, own self-storage properties that are managed by U-Haul under property management
agreements and act as independent U-Haul rental equipment dealers. AMERCO, through its subsidiaries, has
contractual interests in certain of SAC Holdings’ properties entitling AMERCO to potential future income based on
the financial performance of these properties. With respect to SAC Holding II, AMERCO is considered the primary
beneficiary of these contractual interests. Consequently, we include t