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U-Haul Holding UHAL Deferred policy acquisition costs

Deferred policy acquisition costs at other companies

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Universal Insurance HoldingsUVE
$135.22M+8.0%
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AssurantAIZ
$10.38B+2.4%
Kemper logo
KemperKMPR
$675.8M+2.4%
Fidelity National Financial logo
Fidelity National FinancialFNF

Segments

By product

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Life And Annuity Insurance Product Line$51.91M-8.9%
Health Insurance Product Line$2.46M-19.7%

Other financials

Income statement

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Revenue$1.7B+3.2%
Gross profit$1.4B+3.5%
Operating income$250.6M-2.6%
Net income$122.9M-13.6%
EPS (diluted)$0.11-76.7%

Balance sheet

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Cash & equivalents$1.1B+25.1%
Total debt$8.1B+11.7%
Total equity$7.7B0.0%
Total assets$21.7B+3.9%

Cash flow

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Operating cash flow$630.3M+5.3%
CapEx$822.4M-10.3%
Free cash flow-$192.1M+39.6%

Valuation

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Market cap$14.48B+30.2%
Enterprise value$21.53B+22.8%
P/E35.5×
P/S2.4×+0.5×

Profitability

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Gross margin95.9%-0.1pp
Operating margin8.5%-4.9pp
Net margin7.9%-3.8pp
FCF margin-20.3%-5.1pp

Returns & leverage

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Return on equity6.1%-3.8pp
Debt / equity1.1×+0.1×

Where this comes from

Reported directly by U-Haul Holding in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired.

The source filing: U-Haul Holding’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:02 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-335008
Line itemJune 30, 2026March 31, 2026
Fixed maturity securities available-for-sale (net of allowance for credit loss of $4,220 and $3,960, respectively) at fair value and amortized cost ($2,487,262 and $2,558,342, respectively)2,321,0382,417,912
Equity securities, at fair value14,72414,976
Investments, other655,316706,314
Deferred policy acquisition costs, net110,550112,852
Other assets146,498127,202
Right of use assets - operating, net38,83340,188
Related party assets44,14153,159
Property, plant and equipment, at cost:

Item 1. Financial Statements

FAQ

What is U-Haul Holding's deferred policy acquisition costs?
U-Haul Holding (UHAL) reported deferred policy acquisition costs of $110.55M in Q2 2026.
How has U-Haul Holding's deferred policy acquisition costs changed year-over-year?
U-Haul Holding's deferred policy acquisition costs decreased by 9.1% year-over-year, from $121.62M to $110.55M.
What is the long-term trend for U-Haul Holding's deferred policy acquisition costs?
Over 5 years (2020 to 2025), U-Haul Holding's deferred policy acquisition costs has grown at a 4.7% compound annual growth rate (CAGR), from $89.75M to $112.85M.
What does deferred policy acquisition costs mean?
These are the incremental costs directly related to acquiring new insurance policies, such as commissions and underwriting costs, which are capitalized and amortized over the life of the policy. This metric is essential for understanding the profitability of the insurance segment and the timing of revenue recognition.

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