U-Haul 2008 Annual Report Download - page 73

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AMERCO AND CONSOLIDATED ENTITIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
Note 6: Notes and Mortgage Receivables, Net
Notes and mortgage receivables, net were as follows:
2008 2007
Notes, mortgage receivables and other, net of discount $ 2,403 $ 2,023
Less: Allowance for doubtful accounts (315) (354)
$ 2,088 $ 1,669
March 31,
(In thousands)
Note 7: Investments
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 $14.9 million at December 31, 2007 and $19.7 million at
December 31, 2006.
Available-for-Sale Investments
Available-for-sale investments at December 31, 2007 were as follows:
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
More than
12 Months
Gross
Unrealized
Losses
Less than
12 Months
Estimated
Market
Value
U.S. treasury securities and government obligations $ 143,969 $ 2,571 $ (5) $ - $ 146,535
U.S. government agency mortgage-backed securities 125,569 1,331 (398) (282) 126,220
Obligations of states and political subdivisions 5,281 20 (5) (2) 5,294
Corporate securities 324,890 6,516 (1,889) (721) 328,796
Mortgage-backed securities 15,618 93 (199) - 15,512
Redeemable preferred stocks 12,509 34 - (1,169) 11,374
Common stocks 106 - (43) (10) 53
$ 627,942 $ 10,565 $ (2,539) $ (2,184) $ 633,784
(In thousands)
F-16