U-Haul 2011 Annual Report Download - page 96

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AMERCO AND CONSOLIDATED SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
F-40
Note 22A: Consolidating Financial Information by Industry Segment
AMERCO’s three reportable segments are:
• Moving and Storage, comprised of AMERCO, U-Haul, and Real Estate and the subsidiaries of
U-Haul and Real Estate,
• Property and Casualty Insurance, comprised of Repwest and its subsidiaries and ARCOA,
• Life Insurance, comprised of Oxford and its subsidiaries.
Management tracks revenues separately, but does not report any separate measure of the profitability for
rental vehicles, rentals of self-storage spaces and sales of products that are required to be classified as a
separate operating segment and accordingly does not present these as separate reportable segments. Deferred
income taxes are shown as liabilities on the condensed consolidating statements.
The information includes elimination entries necessary to consolidate AMERCO, the parent, with its
subsidiaries.
Investments in subsidiaries are accounted for by the parent using the equity method of accounting.