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U-Haul Holding UHAL Life Insurance — Policyholder Benefits And Claims Incurred Net

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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:PolicyholderBenefitsAndClaimsIncurredNet.

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 itemQuarter ended June 30, 2026Quarter ended June 30, 2025
Operating expenses886,990826,749
Commission expenses120,272116,737
Cost of product sales71,75472,205
Benefits and losses42,13745,182
Amortization of deferred policy acquisition costs4,8744,917
Lease expense3,4964,874
Depreciation, net of (gains) losses on disposals of ($1,796) and $21,933, respectively298,840304,009
Net (gains) losses on disposal of real estate3,068(1,617)

Item 1. Financial Statements

FAQ

What is U-Haul Holding's life insurance — policyholder benefits and claims incurred net?
U-Haul Holding (UHAL) reported life insurance — policyholder benefits and claims incurred net of $36.84M in Q2 2026.
How has U-Haul Holding's life insurance — policyholder benefits and claims incurred net changed year-over-year?
U-Haul Holding's life insurance — policyholder benefits and claims incurred net decreased by 7.2% year-over-year, from $39.68M to $36.84M.
What is the long-term trend for U-Haul Holding's life insurance — policyholder benefits and claims incurred net?
Over 3 years (2021 to 2025), U-Haul Holding's life insurance — policyholder benefits and claims incurred net has grown at a 1.1% compound annual growth rate (CAGR), from $164.2M to $169.69M.
What does life insurance — policyholder benefits and claims incurred net mean?
Represents the total net costs related to insurance claims paid or reserved for policyholders during the period. This is a core insurance metric reflecting the actual cost of the risk underwritten by the company.

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