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U-Haul Holding UHAL Deferred Fixed Annuity — Deferred Policy Acquisition Costs

Other financials

Income statement

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Revenue$1.3B+3.1%
Gross profit$1.4B+3.5%
Operating income$33.7M-77.7%
Net income$37.0M-45.0%
EPS (diluted)$0.11-76.7%

Balance sheet

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Cash & equivalents$1.1B+13.3%
Total debt$8.1B+11.5%
Total equity$7.6B+1.5%
Total assets$21.5B+5.0%

Cash flow

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Operating cash flow$404.0M+103%
CapEx$551.7M-6.3%
Free cash flow-$147.7M+62.2%

Valuation

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Market cap$11.82B-26.2%
Enterprise value$18.83B-13.6%
P/S-0.8×

Profitability

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Gross margin95.9%-0.1pp
Operating margin8.5%-4.9pp
Net margin7.9%-3.8pp
FCF margin-22.5%-5.8pp

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:DeferredPolicyAcquisitionCosts.

The official record: U-Haul Holding’s 10-K, filed May 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is U-Haul Holding's deferred fixed annuity — deferred policy acquisition costs?
U-Haul Holding (UHAL) reported deferred fixed annuity — deferred policy acquisition costs of $56.98M in Q1 2026.
How has U-Haul Holding's deferred fixed annuity — deferred policy acquisition costs changed year-over-year?
U-Haul Holding's deferred fixed annuity — deferred policy acquisition costs decreased by 5.8% year-over-year, from $60.48M to $56.98M.
What is the long-term trend for U-Haul Holding's deferred fixed annuity — deferred policy acquisition costs?
Over 2 years (2022 to 2024), U-Haul Holding's deferred fixed annuity — deferred policy acquisition costs has grown at a 3.6% compound annual growth rate (CAGR), from $223.88M to $240.43M.
What does deferred fixed annuity — deferred policy acquisition costs mean?
This represents the capitalized costs associated with acquiring new annuity contracts, such as sales commissions and underwriting expenses. These costs are deferred on the balance sheet and amortized over the expected life of the policies to match expenses with related revenue recognition.