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

Other product segments

Life And Annuity Insurance Product Line
$490K-47.8%
Health Insurance Product Line
$15K-37.5%

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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:DeferredPolicyAcquisitionCostsAdditions.

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 itemDeferred AnnuitiesLife InsuranceHealth InsuranceTotal
Balance, beginning of year$56,980$53,291$2,581$112,852
Capitalization2,067490152,572
Amortization expense(2,865)(1,870)(139)(4,874)
Balance, end of period$56,182$51,911$2,457$110,550

Item 1. Financial Statements

FAQ

What is U-Haul Holding's deferred fixed annuity — deferred policy acquisition costs additions?
U-Haul Holding (UHAL) reported deferred fixed annuity — deferred policy acquisition costs additions of $2.07M in Q2 2026.
How has U-Haul Holding's deferred fixed annuity — deferred policy acquisition costs additions changed year-over-year?
U-Haul Holding's deferred fixed annuity — deferred policy acquisition costs additions decreased by 46.3% year-over-year, from $3.85M to $2.07M.
What is the long-term trend for U-Haul Holding's deferred fixed annuity — deferred policy acquisition costs additions?
Over 3 years (2022 to 2025), U-Haul Holding's deferred fixed annuity — deferred policy acquisition costs additions has grown at a -24.9% compound annual growth rate (CAGR), from $18.32M to $7.75M.
What does deferred fixed annuity — deferred policy acquisition costs additions mean?
This reflects the new costs capitalized during the period related to the acquisition of new annuity contracts. It captures the immediate investment made by the company to expand its policyholder base.

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