|   | R | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|---|-----------------------------------------------------------------------------------------|

|   | £ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. |
|--------|--------|-------------------------------------------------------------------------------------------|

|                  |                                                           |                              |
|-----------------------|----------------------------------------------------------------|-----------------------------------|
| CommissionFile Number | Registrant, State of IncorporationAddress and Telephone Number | I.R.S. EmployerIdentification No. |
|                  |                                                           |                              |
|                  |                                                                |                              |
|                  |                                                           |                              |
| 1-11255               | AMERCO                                                         | 88-0106815                        |
|                  | (A Nevada Corporation)                                         |                              |
|                  | 1325 Airmotive Way, Ste. 100                                   |                              |
|                  | Reno, Nevada 89502-3239                                        |                              |
|                  | Telephone (775) 688-6300                                       |                              |
|                  |                                                           |                              |

----

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | Page No. |
|----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|
|     | PART I FINANCIAL INFORMATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |     |
| Item 1.  | Financial Statements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |     |
|     | a)Condensed Consolidated Balance Sheets as of June 30, 2010 (unaudited) and March 31, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 1        |
|     | b)Condensed Consolidated Statements of Operations for the Quarters ended June 30, 2010 and 2009 (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 2        |
|     | c)Condensed Consolidated Statements of Comprehensive Income for the Quarters ended June 30, 2010 and 2009 (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 3        |
|     | d)Condensed Consolidated Statements of Cash Flows for the Quarters ended June 30, 2010 and 2009 (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 4        |
|     | e)Notes to Condensed Consolidated Financial Statements (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 5 - 31   |
| Item 2.  | Management’s Discussion and Analysis of Financial Condition and Results of Operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 32 - 45  |
| Item 3.  | Quantitative and Qualitative Disclosures About Market Risk                                                                                                                  | 46       |
| Item 4.  | Controls and Procedures                                                                                                                                                     | 46 - 47  |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |     |
|     | PART II OTHER INFORMATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |     |
| Item 1.  | Legal Proceedings                                                                                                                                                           | 47       |
| Item 1A. | Risk Factors                                                                                                                                                                | 47       |
| Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                                 | 47       |
| Item 3.  | Defaults Upon Senior Securities                                                                                                                                             | 48       |
| Item 4.  | (Removed and Reserved)                                                                                                                                                      | 48       |
| Item 5.  | Other Information                                                                                                                                                           | 48       |
| Item 6.  | Exhibits                                                                                                                                                                    | 48       |

----

BALANCE SHEETS

|                                                                                        |   | June 30,       |       |   | March 31, |   |
|---------------------------------------------------------------------------------------------|--------|----------------|------------|--------|-----------|--------|
|                                                                                        |   | 2010           |       |   | 2010      |   |
|                                                                                        |   | (Unaudited)    |       |   |      |   |
|                                                                                        |   | (In thousands) |       |
| ASSETS                                                                                      |   |           |       |   |      |   |
| Cash and cash equivalents                                                                   |   | $              | 288,114    |   |      | $      | 244,118 |   |
| Reinsurance recoverables and trade receivables, net                                         |   |           | 213,656    |   |      |   | 198,283 |   |
| Notes and mortgage receivables, net                                                         |   |           | 1,227      |   |      |   | 1,461 |   |
| Inventories, net                                                                            |   |           | 55,626     |   |      |   | 52,837 |   |
| Prepaid expenses                                                                            |   |           | 55,710     |   |      |   | 53,379 |   |
| Investments, fixed maturities and marketable equities                                       |   |           | 593,562    |   |      |   | 549,318 |   |
| Investments, other                                                                          |   |           | 192,724    |   |      |   | 227,486 |   |
| Deferred policy acquisition costs, net                                                      |   |           | 38,905     |   |      |   | 39,194 |   |
| Other assets                                                                                |   |           | 146,993    |   |      |   | 145,864 |   |
| Related party assets                                                                        |   |           | 296,601    |   |      |   | 302,126 |   |
|                                                                                        |   |           | 1,883,118  |   |      |   | 1,814,066 |   |
| Property, plant and equipment, at cost:                                                     |   |           |       |   |      |   |   |   |
| Land                                                                                        |   |           | 223,753    |   |      |   | 224,904 |   |
| Buildings and improvements                                                                  |   |           | 992,336    |   |      |   | 970,937 |   |
| Furniture and equipment                                                                     |   |           | 324,988    |   |      |   | 323,334 |   |
| Rental trailers and other rental equipment                                                  |   |           | 242,451    |   |      |   | 244,131 |   |
| Rental trucks                                                                               |   |           | 1,562,423  |   |      |   | 1,529,817 |   |
|                                                                                        |   |           | 3,345,951  |   |      |   | 3,293,123 |   |
| Less: Accumulated depreciation                                                              |   |           | (1,349,529 | )      |      |   | (1,344,735 | ) |
| Total property, plant and equipment                                                         |   |           | 1,996,422  |   |      |   | 1,948,388 |   |
| Total assets                                                                                |   | $              | 3,879,540  |   |      | $      | 3,762,454 |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                        |   |           |       |   |      |   |   |   |
| Liabilities:                                                                                |   |           |       |   |      |   |   |   |
| Accounts payable and accrued expenses                                                       |   | $              | 338,794    |   |      | $      | 296,057 |   |
| Notes, loans and leases payable                                                             |   |           | 1,338,636  |   |      |   | 1,347,635 |   |
| Policy benefits and losses, claims and loss expenses payable                                |   |           | 826,189    |   |      |   | 816,909 |   |
| Liabilities from investment contracts                                                       |   |           | 263,142    |   |      |   | 268,810 |   |
| Other policyholders' funds and liabilities                                                  |   |           | 8,055      |   |      |   | 8,155 |   |
| Deferred income                                                                             |   |           | 31,889     |   |      |   | 25,207 |   |
| Deferred income taxes                                                                       |   |           | 207,727    |   |      |   | 186,770 |   |
| Total liabilities                                                                           |   |           | 3,014,432  |   |      |   | 2,949,543 |   |
|                                                                                        |   |           |       |   |      |   |   |   |
| Commitments and contingencies (notes 4, 8, 9 and 10)                                        |   |           |       |   |      |   |   |   |
| Stockholders' equity:                                                                       |   |           |       |   |      |   |   |   |
| Series preferred stock, with or without par value, 50,000,000 shares authorized:            |   |           |       |   |      |   |   |   |
| Series A preferred stock, with no par value, 6,100,000 shares authorized;                   |   |           |       |   |      |   |   |   |
| 5,934,000 and 5,992,800 shares issued and outstanding as of June 30 and March 31, 2010      |   |           | -          |   |      |   | - |   |
| Series B preferred stock, with no par value, 100,000 shares authorized; none                |   |           |       |   |      |   |   |   |
| issued and outstanding as of June 30 and March 31, 2010                                     |   |           | -          |   |      |   | - |   |
| Series common stock, with or without par value, 150,000,000 shares authorized:              |   |           |       |   |      |   |   |   |
| Series A common stock of $0.25 par value, 10,000,000 shares authorized;                     |   |           |       |   |      |   |   |   |
| none issued and outstanding as of June 30 and March 31, 2010                                |   |           | -          |   |      |   | - |   |
| Common stock of $0.25 par value, 150,000,000 shares authorized; 41,985,700                  |   |           |       |   |      |   |   |   |
| issued as of June 30 and March 31, 2010                                                     |   |           | 10,497     |   |      |   | 10,497 |   |
| Additional paid-in capital                                                                  |   |           | 418,899    |   |      |   | 419,811 |   |
| Accumulated other comprehensive loss                                                        |   |           | (66,708    | )      |      |   | (56,207 | ) |
| Retained earnings                                                                           |   |           | 1,032,332  |   |      |   | 969,017 |   |
| Cost of common shares in treasury, net (22,377,912 shares as of June 30 and March 31, 2010) |   |           | (525,653   | )      |      |   | (525,653 | ) |
| Unearned employee stock ownership plan shares                                               |   |           | (4,259     | )      |      |   | (4,554 | ) |
| Total stockholders' equity                                                                  |   |           | 865,108    |   |      |   | 812,911 |   |
| Total liabilities and stockholders' equity                                                  |   | $              | 3,879,540  |   |      | $      | 3,762,454 |   |

----

STATEMENTS OF OPERATIONS

|                                                                        |   | Quarter Ended June 30,                             |       |
|-----------------------------------------------------------------------------|--------|----------------------------------------------------|------------|
|                                                                        |   | 2010                                               |       |   | 2009 |   |
|                                                                        |   | (Unaudited)                                        |       |
|                                                                        |   | (In thousands, except share and per share amounts) |       |
| Revenues:                                                                   |   |                                               |       |   |   |   |
| Self-moving equipment rentals                                               |   | $                                                  | 419,463    |   |   | $ | 372,941 |   |
| Self-storage revenues                                                       |   |                                               | 28,227     |   |   |   | 27,004 |   |
| Self-moving and self-storage products and service sales                     |   |                                               | 63,290     |   |   |   | 57,822 |   |
| Property management fees                                                    |   |                                               | 4,536      |   |   |   | 4,450 |   |
| Life insurance premiums                                                     |   |                                               | 37,803     |   |   |   | 27,604 |   |
| Property and casualty insurance premiums                                    |   |                                               | 6,179      |   |   |   | 6,215 |   |
| Net investment and interest income                                          |   |                                               | 13,355     |   |   |   | 13,680 |   |
| Other revenue                                                               |   |                                               | 13,094     |   |   |   | 10,943 |   |
| Total revenues                                                              |   |                                               | 585,947    |   |   |   | 520,659 |   |
|                                                                        |   |                                               |       |   |   |   |   |   |
| Costs and expenses:                                                         |   |                                               |       |   |   |   |   |   |
| Operating expenses                                                          |   |                                               | 253,134    |   |   |   | 258,501 |   |
| Commission expenses                                                         |   |                                               | 52,169     |   |   |   | 44,411 |   |
| Cost of sales                                                               |   |                                               | 31,665     |   |   |   | 30,450 |   |
| Benefits and losses                                                         |   |                                               | 35,422     |   |   |   | 27,694 |   |
| Amortization of deferred policy acquisition costs                           |   |                                               | 2,193      |   |   |   | 1,917 |   |
| Lease expense                                                               |   |                                               | 38,666     |   |   |   | 39,273 |   |
| Depreciation, net of (gains) losses on disposals                            |   |                                               | 44,589     |   |   |   | 59,217 |   |
| Total costs and expenses                                                    |   |                                               | 457,838    |   |   |   | 461,463 |   |
|                                                                        |   |                                               |       |   |   |   |   |   |
| Earnings from operations                                                    |   |                                               | 128,109    |   |   |   | 59,196 |   |
| Interest expense                                                            |   |                                               | (21,464    | ) |   |   | (23,221 | ) |
| Pretax earnings                                                             |   |                                               | 106,645    |   |   |   | 35,975 |   |
| Income tax expense                                                          |   |                                               | (40,143    | ) |   |   | (13,543 | ) |
| Net earnings                                                                |   |                                               | 66,502     |   |   |   | 22,432 |   |
| Excess (loss) of carrying amount of preferred stock over consideration paid |   |                                               | (31        | ) |   |   | 323 |   |
| Less: Preferred stock dividends                                             |   |                                               | (3,156     | ) |   |   | (3,241 | ) |
| Earnings available to common shareholders                                   |   | $                                                  | 63,315     |   |   | $ | 19,514 |   |
| Basic and diluted earnings per common share                                 |   | $                                                  | 3.26       |   |   | $ | 1.01 |   |
| Weighted average common shares outstanding: Basic and diluted               |   |                                               | 19,414,815 |   |   |   | 19,369,591 |   |

----

COMPREHENSIVE INCOME (LOSS)

|                                     |   | Pre-tax        |    |   | Tax    |   |    | Net    |   |
|------------------------------------------|--------|----------------|---------|--------|--------|--------|---------|--------|--------|
|                                     |   | (Unaudited)    |    |
|                                     |   | (In thousands) |    |
| Quarter Ended June 30, 2010              |   |           |    |   |   |   |    |   |   |
|                                     |   |           |    |   |   |   |    |   |   |
| Comprehensive income:                    |   |           |    |   |   |   |    |   |   |
| Net earnings                             |   | $              | 106,645 |   |   | $      | (40,143 | )      |   | $ | 66,502 |   |
| Other comprehensive income (loss):       |   |           |    |   |   |   |    |   |   |   |   |   |
| Foreign currency translation             |   |           | (3,876  | )      |   |   | -       |   |   |   | (3,876 | ) |
| Unrealized gain on investments           |   |           | 1,188   |   |   |   | (322    | )      |   |   | 866 |   |
| Change in fair value of cash flow hedges |   |           | (12,083 | )      |   |   | 4,592   |   |   |   | (7,491 | ) |
| Total comprehensive income               |   | $              | 91,874  |   |   | $      | (35,873 | )      |   | $ | 56,001 |   |

|                                     |   | Pre-tax        |   |   | Tax    |   |    | Net    |   |
|------------------------------------------|--------|----------------|--------|--------|--------|--------|---------|--------|--------|
|                                     |   | (Unaudited)    |   |
|                                     |   | (In thousands) |   |
| Quarter Ended June 30, 2009              |   |           |   |   |   |   |    |   |   |
|                                     |   |           |   |   |   |   |    |   |   |
| Comprehensive income:                    |   |           |   |   |   |   |    |   |   |
| Net earnings                             |   | $              | 35,975 |   |   | $      | (13,543 | )      |   | $ | 22,432 |   |
| Other comprehensive income (loss):       |   |           |   |   |   |   |    |   |   |   |   |   |
| Foreign currency translation             |   |           | 4,229  |   |   |   | -       |   |   |   | 4,229 |   |
| Unrealized loss on investments           |   |           | (5,182 | )      |   |   | 1,809   |   |   |   | (3,373 | ) |
| Change in fair value of cash flow hedges |   |           | 22,369 |   |   |   | (8,500  | )      |   |   | 13,869 |   |
| Total comprehensive income               |   | $              | 57,391 |   |   | $      | (20,234 | )      |   | $ | 37,157 |   |

----

STATEMENTS OF CASH FLOWS

|                                                                            |   | Quarter Ended June 30, |     |
|---------------------------------------------------------------------------------|--------|------------------------|----------|
|                                                                            |   | 2010                   |     |   | 2009 |   |
|                                                                            |   | (Unaudited)            |     |
|                                                                            |   | (In thousands)         |     |
|  Cash flow from operating activities:                                      |   |                   |     |   |   |   |
|  Net earnings                                                              |   | $                      | 66,502   |   |   | $ | 22,432 |   |
|  Adjustments to reconcile net earnings to the cash provided by operations: |   |                   |     |   |   |   |   |   |
|  Depreciation                                                              |   |                   | 52,977   |   |   |   | 57,879 |   |
|  Amortization of deferred policy acquisition costs                         |   |                   | 2,193    |   |   |   | 1,917 |   |
|  Change in allowance for losses on trade receivables                       |   |                   | (28      | ) |   |   | 13 |   |
|  Change in allowance for losses on mortgage notes                          |   |                   | -        |   |   |   | (6 | ) |
|  Change in allowance for inventory reserves                                |   |                   | 494      |   |   |   | 754 |   |
|  Net (gain) loss on sale of real and personal property                     |   |                   | (8,388   | ) |   |   | 1,338 |   |
|  Net gain on sale of investments                                           |   |                   | (1,015   | ) |   |   | (625 | ) |
|  Deferred income taxes                                                     |   |                   | 25,230   |   |   |   | 5,328 |   |
|  Net change in other operating assets and liabilities:                     |   |                   |     |   |   |   |   |   |
| Reinsurance recoverables and trade receivables                                  |   |                   | (15,345  | ) |   |   | (11,890 | ) |
| Inventories                                                                     |   |                   | (3,283   | ) |   |   | 5,807 |   |
| Prepaid expenses                                                                |   |                   | (2,331   | ) |   |   | (6,838 | ) |
| Capitalization of deferred policy acquisition costs                             |   |                   | (3,663   | ) |   |   | (3,063 | ) |
| Other assets                                                                    |   |                   | (1,043   | ) |   |   | (1,631 | ) |
| Related party assets                                                            |   |                   | 4,691    |   |   |   | 7,792 |   |
| Accounts payable and accrued expenses                                           |   |                   | 38,968   |   |   |   | 6,962 |   |
| Policy benefits and losses, claims and loss expenses payable                    |   |                   | 10,240   |   |   |   | 6,367 |   |
| Other policyholders' funds and liabilities                                      |   |                   | (100     | ) |   |   | (2,021 | ) |
| Deferred income                                                                 |   |                   | 6,727    |   |   |   | 4,050 |   |
| Related party liabilities                                                       |   |                   | 791      |   |   |   | (343 | ) |
|  Net cash provided by operating activities                                 |   |                   | 173,617  |   |   |   | 94,222 |   |
|                                                                            |   |                   |     |   |   |   |   |   |
|  Cash flows from investing activities:                                     |   |                   |     |   |   |   |   |   |
|  Purchases of:                                                             |   |                   |     |   |   |   |   |   |
| Property, plant and equipment                                                   |   |                   | (138,902 | ) |   |   | (123,546 | ) |
| Short term investments                                                          |   |                   | (51,827  | ) |   |   | (51,535 | ) |
| Fixed maturities investments                                                    |   |                   | (66,227  | ) |   |   | (33,647 | ) |
| Equity securities                                                               |   |                   | (6,225   | ) |   |   | - |   |
| Preferred stock                                                                 |   |                   | (3,475   | ) |   |   | (882 | ) |
| Real estate                                                                     |   |                   | (134     | ) |   |   | (293 | ) |
| Mortgage loans                                                                  |   |                   | (51      | ) |   |   | (288 | ) |
|  Proceeds from sale of:                                                    |   |                   |     |   |   |   |   |   |
| Property, plant and equipment                                                   |   |                   | 47,225   |   |   |   | 38,088 |   |
| Short term investments                                                          |   |                   | 84,427   |   |   |   | 60,778 |   |
| Fixed maturities investments                                                    |   |                   | 33,701   |   |   |   | 40,572 |   |
| Equity securities                                                               |   |                   | 133      |   |   |   | - |   |
| Real estate                                                                     |   |                   | 1,588    |   |   |   | 12 |   |
| Mortgage loans                                                                  |   |                   | 721      |   |   |   | 735 |   |
| Payments from notes and mortgage receivables                                    |   |                   | 234      |   |   |   | 497 |   |
|  Net cash used by investing activities                                     |   |                   | (98,812  | ) |   |   | (69,509 | ) |
|                                                                            |   |                   |     |   |   |   |   |   |
|  Cash flows from financing activities:                                     |   |                   |     |   |   |   |   |   |
| Borrowings from credit facilities                                               |   |                   | 91,957   |   |   |   | 13,478 |   |
| Principal repayments on credit facilities                                       |   |                   | (106,679 | ) |   |   | (37,757 | ) |
| Debt issuance costs                                                             |   |                   | (89      | ) |   |   | (277 | ) |
| Capital lease payments                                                          |   |                   | (6,951   | ) |   |   | (329 | ) |
| Leveraged Employee Stock Ownership Plan - repayments from loan                  |   |                   | 295      |   |   |   | 264 |   |
| Preferred stock dividends paid                                                  |   |                   | (3,156   | ) |   |   | (3,241 | ) |
| Investment contract deposits                                                    |   |                   | 3,018    |   |   |   | 2,829 |   |
| Investment contract withdrawals                                                 |   |                   | (8,685   | ) |   |   | (13,500 | ) |
|  Net cash used by financing activities                                     |   |                   | (30,290  | ) |   |   | (38,533 | ) |
|                                                                            |   |                   |     |   |   |   |   |   |
|  Effects of exchange rate on cash                                          |   |                   | (519     | ) |   |   | (50 | ) |
|                                                                            |   |                   |     |   |   |   |   |   |
|  Increase (decrease) in cash and cash equivalents                          |   |                   | 43,996   |   |   |   | (13,870 | ) |
|  Cash and cash equivalents at the beginning of period                      |   |                   | 244,118  |   |   |   | 240,587 |   |
|  Cash and cash equivalents at the end of period                            |   | $                      | 288,114  |   |   | $ | 226,717 |   |

----

NOTES TO 

----

|                                                 |   | AmortizedCost  |    |   | GrossUnrealizedGains |   |   | GrossUnrealizedLosses More than 12 Months |   |   | GrossUnrealizedLosses Less than 12 Months |   |   | EstimatedMarketValue |   |
|------------------------------------------------------|--------|----------------|---------|--------|----------------------|--------|--------|-------------------------------------------|--------|--------|-------------------------------------------|--------|--------|----------------------|--------|
|                                                 |   | (Unaudited)    |    |
|                                                 |   | (In thousands) |    |
| U.S. treasury securities and government obligations  |   | $              | 75,475  |   |                 | $      | 2,071  |                                      |   | $      | (48                                       | )      |   | $                    | (98    | ) |   | $ | 77,400 |   |
| U.S. government agency mortgage-backed securities    |   |           | 82,534  |   |                 |   | 4,929  |                                      |   |   | (2                                        | )      |   |                 | (43    | ) |   |   | 87,418 |   |
| Obligations of states and political subdivisions     |   |           | 18,960  |   |                 |   | 341    |                                      |   |   | (1,072                                    | )      |   |                 | (79    | ) |   |   | 18,150 |   |
| Corporate securities                                 |   |           | 348,660 |   |                 |   | 16,321 |                                      |   |   | (1,169                                    | )      |   |                 | (624   | ) |   |   | 363,188 |   |
| Mortgage-backed securities                           |   |           | 8,647   |   |                 |   | 235    |                                      |   |   | (381                                      | )      |   |                 | (19    | ) |   |   | 8,482 |   |
| Redeemable preferred stocks                          |   |           | 22,198  |   |                 |   | 1,267  |                                      |   |   | (1,539                                    | )      |   |                 | (21    | ) |   |   | 21,905 |   |
| Common stocks                                        |   |           | 24,472  |   |                 |   | 450    |                                      |   |   | -                                         |   |   |                 | (3,741 | ) |   |   | 21,181 |   |
| Less: Preferred stock of AMERCO held by subsidiaries |   |           | (3,628  | )      |                 |   | (534   | )                                         |   |   | -                                         |   |   |                 | -      |   |   |   | (4,162 | ) |
|                                                 |   | $              | 577,318 |   |                 | $      | 25,080 |                                      |   | $      | (4,211                                    | )      |   | $                    | (4,625 | ) |   | $ | 593,562 |   |

----

|                                                      |   | Credit Loss    |   |
|-----------------------------------------------------------|--------|----------------|--------|
|                                                      |   | (Unaudited)    |   |
|                                                      |   | (In thousands) |   |
|                                                      |   |           |   |
| Balance at March 31, 2010                                 |   | $              | 552    |   |
| Other-than-temporary impairment not previously recognized |   |           | -      |   |
| Balance at June 30, 2010                                  |   | $              | 552    |   |

----

|                                                 |   | June 30, 2010  |    |
|------------------------------------------------------|--------|----------------|---------|
|                                                 |   | AmortizedCost  |    |   | EstimatedMarketValue |   |
|                                                 |   | (Unaudited)    |    |
|                                                 |   | (In thousands) |    |
| Due in one year or less                              |   | $              | 38,810  |   |   | $ | 39,717 |   |
| Due after one year through five years                |   |           | 165,687 |   |   |   | 173,065 |   |
| Due after five years through ten years               |   |           | 119,014 |   |   |   | 123,910 |   |
| Due after ten years                                  |   |           | 202,118 |   |   |   | 209,464 |   |
|                                                 |   |           | 525,629 |   |   |   | 546,156 |   |
|                                                 |   |           |    |   |   |   |   |   |
| Mortgage backed securities                           |   |           | 8,647   |   |   |   | 8,482 |   |
| Redeemable preferred stocks                          |   |           | 22,198  |   |   |   | 21,905 |   |
| Equity securities                                    |   |           | 24,472  |   |   |   | 21,181 |   |
| Less: Preferred stock of AMERCO held by subsidiaries |   |           | (3,628  | ) |   |   | (4,162 | ) |
|                                                 |   | $              | 577,318 |   |   | $ | 593,562 |   |

|                                                                                           |   |          |         |   |       |   |        | June 30,       |   |   | March 31, |   |
|------------------------------------------------------------------------------------------------|--------|---------------|--------------|--------|------------|--------|-------------|----------------|--------|--------|-----------|--------|
|                                                                                           |   | 2011 Rate (a) |         |   | Maturities |   |        | 2010           |   |   | 2010      |   |
|                                                                                           |   |          |         |   |       |   |        | (Unaudited)    |   |   |      |   |
|                                                                                           |   |          |         |   |       |   |        | (In thousands) |   |
| Real estate loan (amortizing term)                                                             |   |          | 6.93         | %      |       |   | 2018        |           |   | $      | 262,500   |   |   | $ | 265,000 |   |
| Real estate loan (revolving credit)                                                            |   |          | 1.85         | %      |       |   | 2018        |           |   |   | 60,000    |   |   |   | 86,000 |   |
| Real estate loan (amortizing term)                                                             |   |          | 5.00         | %      |       |   | 2011        |           |   |   | 11,486    |   |   |   | 31,865 |   |
| Senior mortgages                                                                               |   |          | 5.47% - 6.13 | %      |       |   | 2015 - 2016 |           |   |   | 485,670   |   |   |   | 489,186 |   |
| Working capital loan (revolving credit)                                                        |   |          | -            |   |       |   | 2011        |           |   |   | -         |   |   |   | 15,000 |   |
| Fleet loans (amortizing term)                                                                  |   |          | 4.78% - 7.95 | %      |       |   | 2012 - 2017 |           |   |   | 328,741   |   |   |   | 276,222 |   |
| Fleet loans (securitization)                                                                   |   |          | 5.56         | %      |       |   | 2014        |           |   |   | 136,622   |   |   |   | 143,170 |   |
| Other obligations                                                                              |   |          | 3.25% - 9.50 | %      |       |   | 2011 - 2017 |           |   |   | 53,617    |   |   |   | 41,192 |   |
| Total notes, loans and leases payable                                                          |   |          |         |   |       |   |        |           |   | $      | 1,338,636 |   |   | $ | 1,347,635 |   |
|                                                                                           |   |          |         |   |       |   |        |           |   |   |      |   |   |   |   |   |
| (a) Interest rate as of June 30, 2010, including the effect of applicable hedging instruments. |   |          |         |   |       |   |        |           |   |

----

----

----

|                                     |   | Year Ending June 30, |    |
|------------------------------------------|--------|----------------------|---------|
|                                     |   | 2011                 |    |   | 2012 |   |   | 2013 |   |   | 2014 |   |   | 2015 |   |   | Thereafter |   |
|                                     |   | (Unaudited)          |    |
|                                     |   | (In thousands)       |    |
| Notes, loans and leases payable, secured |   | $                    | 100,597 |   |   | $ | 138,206 |   |   | $ | 161,141 |   |   | $ | 156,496 |   |   | $ | 54,728 |   |   | $ | 727,468 |   |

|                                        |   | Quarter Ended June 30, |   |
|---------------------------------------------|--------|------------------------|--------|
|                                        |   | 2010                   |   |   | 2009 |   |
|                                        |   | (Unaudited)            |   |
|                                        |   | (In thousands)         |   |
| Interest expense                            |   | $                      | 14,425 |   |   | $ | 16,059 |   |
| Capitalized interest                        |   |                   | (147   | ) |   |   | (151 | ) |
| Amortization of transaction costs           |   |                   | 1,105  |   |   |   | 1,185 |   |
| Interest expense resulting from derivatives |   |                   | 6,081  |   |   |   | 6,128 |   |
| Total interest expense                      |   | $                      | 21,464 |   |   | $ | 23,221 |   |

----

| Original variable rate debt amount |   | Agreement Date |     | Effective Date |       | Expiration Date |       | Designated cash flow hedge date |
|------------------------------------|--------|----------------|----------|----------------|------------|-----------------|------------|---------------------------------|
| (Unaudited)                        |
| (In millions)                      |
| $                                  | 142.3  |           | (a), (b) |           | 11/15/2005 |            | 5/10/2006  |                            | 4/10/2012 |   | 5/31/2006 |
|                               | 50.0   |           | (a)      |           | 6/21/2006  |            | 7/10/2006  |                            | 7/10/2013 |   | 6/9/2006 |
|                               | 144.9  |           | (a), (b) |           | 6/9/2006   |            | 10/10/2006 |                            | 10/10/2012 |   | 6/9/2006 |
|                               | 300.0  |           | (a)      |           | 8/16/2006  |            | 8/18/2006  |                            | 8/10/2018 |   | 8/4/2006 |
|                               | 30.0   |           | (a)      |           | 2/9/2007   |            | 2/12/2007  |                            | 2/10/2014 |   | 2/9/2007 |
|                               | 20.0   |           | (a)      |           | 3/8/2007   |            | 3/12/2007  |                            | 3/10/2014 |   | 3/8/2007 |
|                               | 20.0   |           | (a)      |           | 3/8/2007   |            | 3/12/2007  |                            | 3/10/2014 |   | 3/8/2007 |
|                               | 19.3   |           | (a), (b) |           | 4/8/2008   |            | 8/15/2008  |                            | 6/15/2015 |   | 3/31/2008 |
|                               | 19.0   |           | (a)      |           | 8/27/2008  |            | 8/29/2008  |                            | 7/10/2015 |   | 4/10/2008 |
|                               | 30.0   |           | (a)      |           | 9/24/2008  |            | 9/30/2008  |                            | 9/10/2015 |   | 9/24/2008 |
|                               | 15.0   |           | (a), (b) |           | 3/24/2009  |            | 3/30/2009  |                            | 4/15/2016 |   | 3/25/2009 |
|                               |   |           |     |           |       |            |       |                            |   |   |   |
| (a) interest rate swap agreement   |
| (b) forward swap                   |

|                                                      | Liability Derivatives |
|-----------------------------------------------------------|-----------------------|
|                                                      | Fair Value as of      |
|                                                      | June 30, 2010         |   | March 31, 2010 |
|                                                      | (Unaudited)           |   |   |
|                                                      | (In thousands)        |
| Interest rate contracts designated as hedging instruments | $66,142               |   | $54,239 |

|                                                                                                                             |   |                                                                 |   |
|----------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------|--------|
|                                                                                                                             |   | The Effect of Interest Rate Contracts on the Statement of Operations |   |
|                                                                                                                             |   | June 30, 2010                                                        |   |   | June 30, 2009 |   |
|                                                                                                                             |   | (Unaudited)                                                          |   |
|                                                                                                                             |   | (In thousands)                                                       |   |
|                                                                                                                             |   |                                                                 |   |   |   |   |
| Loss recognized in income on interest rate contracts                                                                             |   | $                                                                    | 6,081  |   |   | $ | 6,128 |   |
| Loss recognized in AOCI on interest rate contracts (effective portion)                                                           |   | $                                                                    | 12,083 |   |   | $ | 22,368 |   |
| Loss reclassified from AOCI into income (effective portion)                                                                      |   | $                                                                    | 6,260  |   |   | $ | 6,783 |   |
| (Gain) loss recognized in income on interest rate contracts (ineffective portion and amount excluded from effectiveness testing) |   | $                                                                    | (179   | ) |   | $ | 655 |   |

----

|                                              |   | Revolving Credit Activity             |    |
|---------------------------------------------------|--------|---------------------------------------|---------|
|                                              |   | Quarter Ended June 30,                |    |
|                                              |   | 2010                                  |    |   | 2009 |   |
|                                              |   | (Unaudited)                           |    |
|                                              |   | (In thousands, except interest rates) |    |
| Weighted average interest rate during the quarter |   |                                  | 1.80    | % |   |   | 1.90 | % |
| Interest rate at the end of the quarter           |   |                                  | 1.85    | % |   |   | 1.83 | % |
| Maximum amount outstanding during the quarter     |   | $                                     | 111,000 |   |   | $ | 207,280 |   |
| Average amount outstanding during the quarter     |   | $                                     | 85,648  |   |   | $ | 205,232 |   |
| Facility fees                                     |   | $                                     | 56      |   |   | $ | 242 |   |

|                                     |   | Foreign Currency Translation |    |   | Unrealized Gain on Investments |   |   | Fair Market Value of Cash Flow Hedges |   |   | Postretirement Benefit Obligation Gain |   |   | Accumulated Other Comprehensive Income (Loss) |   |
|------------------------------------------|--------|------------------------------|---------|--------|--------------------------------|--------|--------|---------------------------------------|--------|--------|----------------------------------------|--------|--------|-----------------------------------------------|--------|
|                                     |   | (Unaudited)                  |    |
|                                     |   | (In thousands)               |    |
|                                     |   |                         |    |   |                           |   |   |                                  |   |   |                                   |   |   |                                          |   |
| Balance at March 31, 2010                |   | $                            | (29,142 | )      |                           | $      | 5,931  |                                  |   | $      | (33,933                                | )      |   | $                                             | 937    |   |   | $ | (56,207 | ) |
| Foreign currency translation             |   |                         | (3,876  | )      |                           |   | -      |                                  |   |   | -                                      |   |   |                                          | -      |   |   |   | (3,876 | ) |
| Unrealized gain on investments           |   |                         | -       |   |                           |   | 866    |                                  |   |   | -                                      |   |   |                                          | -      |   |   |   | 866 |   |
| Change in fair value of cash flow hedges |   |                         | -       |   |                           |   | -      |                                  |   |   | (7,491                                 | )      |   |                                          | -      |   |   |   | (7,491 | ) |
| Balance at June 30, 2010                 |   | $                            | (33,018 | )      |                           | $      | 6,797  |                                  |   | $      | (41,424                                | )      |   | $                                             | 937    |   |   | $ | (66,708 | ) |

----

|                |   | Property,Plant andEquipment |   |   | RentalEquipment |   |    | Total  |   |
|---------------------|--------|-----------------------------|--------|--------|-----------------|--------|---------|--------|--------|
|                |   | (Unaudited)                 |   |
|                |   | (In thousands)              |   |
| Year-ended June 30: |   |                        |   |   |            |   |    |   |   |
| 2011                |   | $                           | 15,076 |   |            | $      | 116,061 |   |   | $ | 131,137 |   |
| 2012                |   |                        | 14,134 |   |            |   | 101,436 |   |   |   | 115,570 |   |
| 2013                |   |                        | 13,637 |   |            |   | 84,443  |   |   |   | 98,080 |   |
| 2014                |   |                        | 11,824 |   |            |   | 67,352  |   |   |   | 79,176 |   |
| 2015                |   |                        | 721    |   |            |   | 43,574  |   |   |   | 44,295 |   |
| Thereafter          |   |                        | 5,818  |   |            |   | 13,020  |   |   |   | 18,838 |   |
| Total               |   | $                           | 61,210 |   |            | $      | 425,886 |   |   | $ | 487,096 |   |

----

----

----

----

|                                                                          |   | June 30,       |    |   | March 31, |   |
|-------------------------------------------------------------------------------|--------|----------------|---------|--------|-----------|--------|
|                                                                          |   | 2010           |    |   | 2010      |   |
|                                                                          |   | (Unaudited)    |    |   |      |   |
|                                                                          |   | (In thousands) |    |
| U-Haul notes, receivables and interest from Private Mini                      |   | $              | 69,236  |   |      | $      | 69,867 |   |
| U-Haul notes receivable from SAC Holdings                                     |   |           | 196,741 |   |      |   | 196,903 |   |
| U-Haul interest receivable from SAC Holdings                                  |   |           | 15,200  |   |      |   | 13,775 |   |
| U-Haul receivable from SAC Holdings                                           |   |           | 11,202  |   |      |   | 15,780 |   |
| U-Haul receivable from Mercury                                                |   |           | 4,421   |   |      |   | 6,138 |   |
| Other (a)                                                                     |   |           | (199    | )      |      |   | (337 | ) |
|                                                                          |   | $              | 296,601 |   |      | $      | 302,126 |   |
|                                                                          |   |           |    |   |      |   |   |   |
| (a) Timing differences for intercompany balances with insurance subsidiaries. |   |

| ·   | 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, and |
|--------------------|-------------------------------------------------------------------------------------------|

| ·   | Life Insurance, comprised of Oxford and its subsidiaries. |
|--------------------|-----------------------------------------------------------|

----

|                                                  |   | Moving & Storage |      |   |   |  AMERCO Legal Group |       |
|-------------------------------------------------------|--------|----------------------|-----------|--------|--------|--------------------------|------------|
|                                                  |   | AMERCO               |      |   | U-Haul |                     |       | Real Estate |   |   | Eliminations |   |   |   | Moving & StorageConsolidated |   |   | Property & Casualty Insurance (a) |   |   | LifeInsurance (a) |   |   | Eliminations |   |   |   | AMERCOConsolidated |   |
|                                                  |   | (Unaudited)          |      |
|                                                  |   | (In thousands)       |      |
| Assets:                                               |   |                 |      |
| Cash and cash equivalents                             |   | $                    | 132,490   |   |   | $                        | 122,283    |   |   | $ | 3 |   |   | $ | - |   |   |   | $ | 254,776 |   |   | $ | 20,388 |   |   | $ | 12,950 |   |   | $ | - |   |   |   | $ | 288,114 |   |
| Reinsurance recoverables and trade receivables, net   |   |                 | -         |   |   |                     | 28,440     |   |   |   | - |   |   |   | - |   |   |   |   | 28,440 |   |   |   | 166,450 |   |   |   | 18,766 |   |   |   | - |   |   |   |   | 213,656 |   |
| Notes and mortgage receivables, net                   |   |                 | -         |   |   |                     | 357        |   |   |   | 870 |   |   |   | - |   |   |   |   | 1,227 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 1,227 |   |
| Inventories, net                                      |   |                 | -         |   |   |                     | 55,626     |   |   |   | - |   |   |   | - |   |   |   |   | 55,626 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 55,626 |   |
| Prepaid expenses                                      |   |                 | -         |   |   |                     | 55,684     |   |   |   | 26 |   |   |   | - |   |   |   |   | 55,710 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 55,710 |   |
| Investments, fixed maturities and marketable equities |   |                 | 19,720    |   |   |                     | -          |   |   |   | - |   |   |   | - |   |   |   |   | 19,720 |   |   |   | 108,331 |   |   |   | 469,673 |   |   |   | (4,162 | ) | (d) |   |   | 593,562 |   |
| Investments, other                                    |   |                 | -         |   |   |                     | 1,120      |   |   |   | 12,908 |   |   |   | - |   |   |   |   | 14,028 |   |   |   | 98,490 |   |   |   | 80,206 |   |   |   | - |   |   |   |   | 192,724 |   |
| Deferred policy acquisition costs, net                |   |                 | -         |   |   |                     | -          |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 38,905 |   |   |   | - |   |   |   |   | 38,905 |   |
| Other assets                                          |   |                 | 37,797    |   |   |                     | 80,950     |   |   |   | 26,999 |   |   |   | - |   |   |   |   | 145,746 |   |   |   | 782 |   |   |   | 465 |   |   |   | - |   |   |   |   | 146,993 |   |
| Related party assets                                  |   |                 | 1,172,454 |   |   |                     | 242,197    |   |   |   | 25 |   |   |   | (1,115,514 | ) | (c) |   |   | 299,162 |   |   |   | 2,734 |   |   |   | - |   |   |   | (5,295 | ) | (c) |   |   | 296,601 |   |
|                                                  |   |                 | 1,362,461 |   |   |                     | 586,657    |   |   |   | 40,831 |   |   |   | (1,115,514 | ) |   |   |   | 874,435 |   |   |   | 397,175 |   |   |   | 620,965 |   |   |   | (9,457 | ) |   |   |   | 1,883,118 |   |
|                                                  |   |                 |      |   |   |                     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment in subsidiaries                            |   |                 | (234,014  | )      |   |                     | -          |   |   |   | - |   |   |   | 564,949 |   | (b) |   |   | 330,935 |   |   |   | - |   |   |   | - |   |   |   | (330,935 | ) | (b) |   |   | - |   |
|                                                  |   |                 |      |   |   |                     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Property, plant and equipment, at cost:               |   |                 |      |   |   |                     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Land                                                  |   |                 | -         |   |   |                     | 43,450     |   |   |   | 180,303 |   |   |   | - |   |   |   |   | 223,753 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 223,753 |   |
| Buildings and improvements                            |   |                 | 1         |   |   |                     | 164,488    |   |   |   | 827,847 |   |   |   | - |   |   |   |   | 992,336 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 992,336 |   |
| Furniture and equipment                               |   |                 | 246       |   |   |                     | 306,574    |   |   |   | 18,168 |   |   |   | - |   |   |   |   | 324,988 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 324,988 |   |
| Rental trailers and other rental equipment            |   |                 | -         |   |   |                     | 242,451    |   |   |   | - |   |   |   | - |   |   |   |   | 242,451 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 242,451 |   |
| Rental trucks                                         |   |                 | -         |   |   |                     | 1,562,423  |   |   |   | - |   |   |   | - |   |   |   |   | 1,562,423 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 1,562,423 |   |
|                                                  |   |                 | 247       |   |   |                     | 2,319,386  |   |   |   | 1,026,318 |   |   |   | - |   |   |   |   | 3,345,951 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 3,345,951 |   |
| Less:  Accumulated depreciation             |   |                 | (215      | )      |   |                     | (1,014,230 | ) |   |   | (335,084 | ) |   |   | - |   |   |   |   | (1,349,529 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (1,349,529 | ) |
| Total property, plant and equipment                   |   |                 | 32        |   |   |                     | 1,305,156  |   |   |   | 691,234 |   |   |   | - |   |   |   |   | 1,996,422 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 1,996,422 |   |
| Total assets                                          |   | $                    | 1,128,479 |   |   | $                        | 1,891,813  |   |   | $ | 732,065 |   |   | $ | (550,565 | ) |   |   | $ | 3,201,792 |   |   | $ | 397,175 |   |   | $ | 620,965 |   |   | $ | (340,392 | ) |   |   | $ | 3,879,540 |   |
|                                                  |   |                 |      |   |   |                     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (a) Balances as of March 31, 2010                     |   |
| (b) Eliminate investment in subsidiaries              |   |
| (c) Eliminate intercompany receivables and payables   |   |
| (d) Eliminate intercompany preferred stock investment |   |

----

|                                                         |   | Moving & Storage |      |   |   |  AMERCO Legal Group |      |
|--------------------------------------------------------------|--------|----------------------|-----------|--------|--------|--------------------------|-----------|
|                                                         |   | AMERCO               |      |   | U-Haul |                     |      | Real Estate |   |   | Eliminations |   |   |   | Moving & StorageConsolidated |   |   | Property & Casualty Insurance (a) |   |   | LifeInsurance (a) |   |   | Eliminations |   |   |   | AMERCOConsolidated |   |
|                                                         |   | (Unaudited)          |      |
|                                                         |   | (In thousands)       |      |
| Liabilities:                                                 |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Accounts payable and accrued expenses                        |   | $                    | 15,565    |   |   | $                        | 312,247   |   |   | $ | 4,036 |   |   | $ | - |   |   |   | $ | 331,848 |   |   | $ | - |   |   | $ | 6,946 |   |   | $ | - |   |   |   | $ | 338,794 |   |
| Notes, loans and leases payable                              |   |                 | -         |   |   |                     | 560,547   |   |   |   | 778,089 |   |   |   | - |   |   |   |   | 1,338,636 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 1,338,636 |   |
| Policy benefits and losses, claims and loss expenses payable |   |                 | -         |   |   |                     | 387,202   |   |   |   | - |   |   |   | - |   |   |   |   | 387,202 |   |   |   | 267,752 |   |   |   | 171,235 |   |   |   | - |   |   |   |   | 826,189 |   |
| Liabilities from investment contracts                        |   |                 | -         |   |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 263,142 |   |   |   | - |   |   |   |   | 263,142 |   |
| Other policyholders' funds and liabilities                   |   |                 | -         |   |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 6,200 |   |   |   | 1,855 |   |   |   | - |   |   |   |   | 8,055 |   |
| Deferred income                                              |   |                 | -         |   |   |                     | 31,889    |   |   |   | - |   |   |   | - |   |   |   |   | 31,889 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 31,889 |   |
| Deferred income taxes                                        |   |                 | 239,573   |   |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | 239,573 |   |   |   | (32,066 | ) |   |   | 408 |   |   |   | (188 | ) | (d) |   |   | 207,727 |   |
| Related party liabilities                                    |   |                 | -         |   |   |                     | 1,011,042 |   |   |   | 108,034 |   |   |   | (1,115,514 | ) | (c) |   |   | 3,562 |   |   |   | 1,606 |   |   |   | 127 |   |   |   | (5,295 | ) | (c) |   |   | - |   |
| Total liabilities                                            |   |                 | 255,138   |   |   |                     | 2,302,927 |   |   |   | 890,159 |   |   |   | (1,115,514 | ) |   |   |   | 2,332,710 |   |   |   | 243,492 |   |   |   | 443,713 |   |   |   | (5,483 | ) |   |   |   | 3,014,432 |   |
|                                                         |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stockholders' equity:                                        |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Series preferred stock:                                      |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Series A preferred stock                                     |   |                 | -         |   |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |
| Series B preferred stock                                     |   |                 | -         |   |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |
| Series A common stock                                        |   |                 | -         |   |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |
| Common stock                                                 |   |                 | 10,497    |   |   |                     | 540       |   |   |   | 1 |   |   |   | (541 | ) | (b) |   |   | 10,497 |   |   |   | 3,301 |   |   |   | 2,500 |   |   |   | (5,801 | ) | (b) |   |   | 10,497 |   |
| Additional paid-in capital                                   |   |                 | 422,883   |   |   |                     | 121,230   |   |   |   | 147,941 |   |   |   | (269,171 | ) | (b) |   |   | 422,883 |   |   |   | 89,620 |   |   |   | 26,271 |   |   |   | (119,875 | ) |  (b,d | ) |   | 418,899 |   |
| Accumulated other comprehensive income (loss)                |   |                 | (66,361   | )      |   |                     | (73,505   | ) |   |   | - |   |   |   | 73,505 |   | (b) |   |   | (66,361 | ) |   |   | 1,340 |   |   |   | 7,525 |   |   |   | (9,212 | ) |  (b,d | ) |   | (66,708 | ) |
| Retained earnings (deficit)                                  |   |                 | 1,031,975 |   |   |                     | (455,120  | ) |   |   | (306,036 | ) |   |   | 761,156 |   | (b) |   |   | 1,031,975 |   |   |   | 59,422 |   |   |   | 140,956 |   |   |   | (200,021 | ) |  (b,d | ) |   | 1,032,332 |   |
| Cost of common shares in treasury, net                       |   |                 | (525,653  | )      |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | (525,653 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | (525,653 | ) |
| Unearned employee stock ownership plan shares                |   |                 | -         |   |   |                     | (4,259    | ) |   |   | - |   |   |   | - |   |   |   |   | (4,259 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | (4,259 | ) |
| Total stockholders' equity (deficit)                         |   |                 | 873,341   |   |   |                     | (411,114  | ) |   |   | (158,094 | ) |   |   | 564,949 |   |   |   |   | 869,082 |   |   |   | 153,683 |   |   |   | 177,252 |   |   |   | (334,909 | ) |   |   |   |   | 865,108 |   |
| Total liabilities and stockholders' equity                   |   | $                    | 1,128,479 |   |   | $                        | 1,891,813 |   |   | $ | 732,065 |   |   | $ | (550,565 | ) |   |   | $ | 3,201,792 |   |   | $ | 397,175 |   |   | $ | 620,965 |   |   | $ | (340,392 | ) |   |   |   | $ | 3,879,540 |   |
|                                                         |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                         |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (a) Balances as of March 31, 2010                            |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (b) Eliminate investment in subsidiaries                     |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (c) Eliminate intercompany receivables and payables          |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (d) Eliminate intercompany preferred stock investment        |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                  |   | Moving & Storage |      |   |   |  AMERCO Legal Group |       |
|-------------------------------------------------------|--------|----------------------|-----------|--------|--------|--------------------------|------------|
|                                                  |   | AMERCO               |      |   | U-Haul |                     |       | Real Estate |   |   | Eliminations |   |   |   | Moving & StorageConsolidated |   |   | Property & Casualty Insurance (a) |   |   | LifeInsurance (a) |   |   | Eliminations |   |   |   | AMERCOConsolidated |   |
|                                                  |   |                 |      |
|                                                  |   | (In thousands)       |      |
| Assets:                                               |   |                 |      |
| Cash and cash equivalents                             |   | $                    | 100,460   |   |   | $                        | 107,241    |   |   | $ | 4 |   |   | $ | - |   |   |   | $ | 207,705 |   |   | $ | 22,126 |   |   | $ | 14,287 |   |   | $ | - |   |   |   | $ | 244,118 |   |
| Reinsurance recoverables and trade receivables, net   |   |                 | -         |   |   |                     | 17,797     |   |   |   | - |   |   |   | - |   |   |   |   | 17,797 |   |   |   | 168,119 |   |   |   | 12,367 |   |   |   | - |   |   |   |   | 198,283 |   |
| Notes and mortgage receivables, net                   |   |                 | -         |   |   |                     | 379        |   |   |   | 1,082 |   |   |   | - |   |   |   |   | 1,461 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 1,461 |   |
| Inventories, net                                      |   |                 | -         |   |   |                     | 52,837     |   |   |   | - |   |   |   | - |   |   |   |   | 52,837 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 52,837 |   |
| Prepaid expenses                                      |   |                 | -         |   |   |                     | 53,305     |   |   |   | 74 |   |   |   | - |   |   |   |   | 53,379 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 53,379 |   |
| Investments, fixed maturities and marketable equities |   |                 | 18,247    |   |   |                     | -          |   |   |   | - |   |   |   | - |   |   |   |   | 18,247 |   |   |   | 98,623 |   |   |   | 435,015 |   |   |   | (2,567 | ) | (d) |   |   | 549,318 |   |
| Investments, other                                    |   |                 | -         |   |   |                     | 2,626      |   |   |   | 12,990 |   |   |   | - |   |   |   |   | 15,616 |   |   |   | 106,334 |   |   |   | 105,536 |   |   |   | - |   |   |   |   | 227,486 |   |
| Deferred policy acquisition costs, net                |   |                 | -         |   |   |                     | -          |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 39,194 |   |   |   | - |   |   |   |   | 39,194 |   |
| Other assets                                          |   |                 | 37,800    |   |   |                     | 79,228     |   |   |   | 27,407 |   |   |   | - |   |   |   |   | 144,435 |   |   |   | 912 |   |   |   | 517 |   |   |   | - |   |   |   |   | 145,864 |   |
| Related party assets                                  |   |                 | 1,176,096 |   |   |                     | 247,074    |   |   |   | 8 |   |   |   | (1,118,983 | ) | (c) |   |   | 304,195 |   |   |   | 2,446 |   |   |   | - |   |   |   | (4,515 | ) | (c) |   |   | 302,126 |   |
|                                                  |   |                 | 1,332,603 |   |   |                     | 560,487    |   |   |   | 41,565 |   |   |   | (1,118,983 | ) |   |   |   | 815,672 |   |   |   | 398,560 |   |   |   | 606,916 |   |   |   | (7,082 | ) |   |   |   | 1,814,066 |   |
|                                                  |   |                 |      |   |   |                     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment in subsidiaries                            |   |                 | (279,582  | )      |   |                     | -          |   |   |   | - |   |   |   | 604,478 |   | (b) |   |   | 324,896 |   |   |   | - |   |   |   | - |   |   |   | (324,896 | ) | (b) |   |   | - |   |
|                                                  |   |                 |      |   |   |                     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Property, plant and equipment, at cost:               |   |                 |      |   |   |                     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Land                                                  |   |                 | -         |   |   |                     | 44,525     |   |   |   | 180,379 |   |   |   | - |   |   |   |   | 224,904 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 224,904 |   |
| Buildings and improvements                            |   |                 | -         |   |   |                     | 157,073    |   |   |   | 813,864 |   |   |   | - |   |   |   |   | 970,937 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 970,937 |   |
| Furniture and equipment                               |   |                 | 248       |   |   |                     | 304,926    |   |   |   | 18,160 |   |   |   | - |   |   |   |   | 323,334 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 323,334 |   |
| Rental trailers and other rental equipment            |   |                 | -         |   |   |                     | 244,131    |   |   |   | - |   |   |   | - |   |   |   |   | 244,131 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 244,131 |   |
| Rental trucks                                         |   |                 | -         |   |   |                     | 1,529,817  |   |   |   | - |   |   |   | - |   |   |   |   | 1,529,817 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 1,529,817 |   |
|                                                  |   |                 | 248       |   |   |                     | 2,280,472  |   |   |   | 1,012,403 |   |   |   | - |   |   |   |   | 3,293,123 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 3,293,123 |   |
| Less:  Accumulated depreciation             |   |                 | (216      | )      |   |                     | (1,012,575 | ) |   |   | (331,944 | ) |   |   | - |   |   |   |   | (1,344,735 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (1,344,735 | ) |
| Total property, plant and equipment                   |   |                 | 32        |   |   |                     | 1,267,897  |   |   |   | 680,459 |   |   |   | - |   |   |   |   | 1,948,388 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 1,948,388 |   |
| Total assets                                          |   | $                    | 1,053,053 |   |   | $                        | 1,828,384  |   |   | $ | 722,024 |   |   | $ | (514,505 | ) |   |   | $ | 3,088,956 |   |   | $ | 398,560 |   |   | $ | 606,916 |   |   | $ | (331,978 | ) |   |   | $ | 3,762,454 |   |
|                                                  |   |                 |      |   |   |                     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (a) Balances as of December 31, 2009                  |   |                 |      |   |   |                     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (b) Eliminate investment in subsidiaries              |   |                 |      |   |   |                     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (c) Eliminate intercompany receivables and payables   |   |                 |      |   |   |                     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (d) Eliminate intercompany preferred stock investment |   |                 |      |   |   |                     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                         |   | Moving & Storage |      |   |   |  AMERCO Legal Group |      |
|--------------------------------------------------------------|--------|----------------------|-----------|--------|--------|--------------------------|-----------|
|                                                         |   | AMERCO               |      |   | U-Haul |                     |      | Real Estate |   |   | Eliminations |   |   |   | Moving & StorageConsolidated |   |   | Property & Casualty Insurance (a) |   |   | LifeInsurance (a) |   |   | Eliminations |   |   |   |   | AMERCOConsolidated |   |
|                                                         |   |                 |      |
|                                                         |   | (In thousands)       |      |
| Liabilities:                                                 |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Accounts payable and accrued expenses                        |   | $                    | 12,496    |   |   | $                        | 275,150   |   |   | $ | 4,212 |   |   | $ | - |   |   |   | $ | 291,858 |   |   | $ | - |   |   | $ | 4,199 |   |   | $ | - |   |   |   |   | $ | 296,057 |   |
| Notes, loans and leases payable                              |   |                 | -         |   |   |                     | 508,930   |   |   |   | 838,705 |   |   |   | - |   |   |   |   | 1,347,635 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 1,347,635 |   |
| Policy benefits and losses, claims and loss expenses payable |   |                 | -         |   |   |                     | 385,520   |   |   |   | - |   |   |   | - |   |   |   |   | 385,520 |   |   |   | 272,438 |   |   |   | 158,951 |   |   |   | - |   |   |   |   |   | 816,909 |   |
| Liabilities from investment contracts                        |   |                 | -         |   |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 268,810 |   |   |   | - |   |   |   |   |   | 268,810 |   |
| Other policyholders' funds and liabilities                   |   |                 | -         |   |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 5,609 |   |   |   | 2,546 |   |   |   | - |   |   |   |   |   | 8,155 |   |
| Deferred income                                              |   |                 | -         |   |   |                     | 25,207    |   |   |   | - |   |   |   | - |   |   |   |   | 25,207 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 25,207 |   |
| Deferred income taxes                                        |   |                 | 220,659   |   |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | 220,659 |   |   |   | (32,819 | ) |   |   | (936 | ) |   |   | (134 | ) |   | (d) |   |   | 186,770 |   |
| Related party liabilities                                    |   |                 | -         |   |   |                     | 1,081,278 |   |   |   | 40,438 |   |   |   | (1,118,983 | ) | (c) |   |   | 2,733 |   |   |   | 1,655 |   |   |   | 127 |   |   |   | (4,515 | ) |   | (c) |   |   | - |   |
| Total liabilities                                            |   |                 | 233,155   |   |   |                     | 2,276,085 |   |   |   | 883,355 |   |   |   | (1,118,983 | ) |   |   |   | 2,273,612 |   |   |   | 246,883 |   |   |   | 433,697 |   |   |   | (4,649 | ) |   |   |   |   | 2,949,543 |   |
|                                                         |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stockholders' equity:                                        |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Series preferred stock:                                      |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Series A preferred stock                                     |   |                 | -         |   |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | - |   |
| Series B preferred stock                                     |   |                 | -         |   |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | - |   |
| Series A common stock                                        |   |                 | -         |   |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | - |   |
| Common stock                                                 |   |                 | 10,497    |   |   |                     | 540       |   |   |   | 1 |   |   |   | (541 | ) | (b) |   |   | 10,497 |   |   |   | 3,301 |   |   |   | 2,500 |   |   |   | (5,801 | ) |   | (b) |   |   | 10,497 |   |
| Additional paid-in capital                                   |   |                 | 422,384   |   |   |                     | 121,230   |   |   |   | 147,941 |   |   |   | (269,171 | ) | (b) |   |   | 422,384 |   |   |   | 89,620 |   |   |   | 26,271 |   |   |   | (118,464 | ) |   |  (b,d) |   |   | 419,811 |   |
| Accumulated other comprehensive income (loss)                |   |                 | (55,959   | )      |   |                     | (62,138   | ) |   |   | - |   |   |   | 62,138 |   | (b) |   |   | (55,959 | ) |   |   | 242 |   |   |   | 5,625 |   |   |   | (6,115 | ) |   |  (b,d) |   |   | (56,207 | ) |
| Retained earnings (deficit)                                  |   |                 | 968,629   |   |   |                     | (502,779  | ) |   |   | (309,273 | ) |   |   | 812,052 |   | (b) |   |   | 968,629 |   |   |   | 58,514 |   |   |   | 138,823 |   |   |   | (196,949 | ) |   |  (b,d) |   |   | 969,017 |   |
| Cost of common shares in treasury, net                       |   |                 | (525,653  | )      |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | (525,653 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | (525,653 | ) |
| Unearned employee stock ownership plan shares                |   |                 | -         |   |   |                     | (4,554    | ) |   |   | - |   |   |   | - |   |   |   |   | (4,554 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | (4,554 | ) |
| Total stockholders' equity (deficit)                         |   |                 | 819,898   |   |   |                     | (447,701  | ) |   |   | (161,331 | ) |   |   | 604,478 |   |   |   |   | 815,344 |   |   |   | 151,677 |   |   |   | 173,219 |   |   |   | (327,329 | ) |   |   |   |   |   | 812,911 |   |
| Total liabilities and stockholders' equity                   |   | $                    | 1,053,053 |   |   | $                        | 1,828,384 |   |   | $ | 722,024 |   |   | $ | (514,505 | ) |   |   | $ | 3,088,956 |   |   | $ | 398,560 |   |   | $ | 606,916 |   |   | $ | (331,978 | ) |   |   |   |   | $ | 3,762,454 |   |
|                                                         |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (a) Balances as of December 31, 2009                         |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (b) Eliminate investment in subsidiaries                     |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (c) Eliminate intercompany receivables and payables          |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (d) Eliminate intercompany preferred stock investment        |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                        |   | Moving & Storage |   |   |   |  AMERCO Legal Group |    |
|-----------------------------------------------------------------------------|--------|----------------------|--------|--------|--------|--------------------------|---------|
|                                                                        |   | AMERCO               |   |   | U-Haul |                     |    | Real Estate |   |   | Eliminations |   |   |   | Moving & StorageConsolidated |   |   | Property & Casualty Insurance (a) |   |   | LifeInsurance (a) |   |   | Eliminations |   |   |   |   | AMERCOConsolidated |   |
|                                                                        |   | (Unaudited)          |   |
|                                                                        |   | (In thousands)       |   |
| Revenues:                                                                   |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Self-moving equipment rentals                                               |   | $                    | -      |   |   | $                        | 419,880 |   |   | $ | - |   |   | $ | - |   |   |   | $ | 419,880 |   |   | $ | - |   |   | $ | - |   |   | $ | (417 | ) |   | (c) |   | $ | 419,463 |   |
| Self-storage revenues                                                       |   |                 | -      |   |   |                     | 27,915  |   |   |   | 312 |   |   |   | - |   |   |   |   | 28,227 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 28,227 |   |
| Self-moving & self-storage products & service sales                 |   |                 | -      |   |   |                     | 63,290  |   |   |   | - |   |   |   | - |   |   |   |   | 63,290 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 63,290 |   |
| Property management fees                                                    |   |                 | -      |   |   |                     | 4,536   |   |   |   | - |   |   |   | - |   |   |   |   | 4,536 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 4,536 |   |
| Life insurance premiums                                                     |   |                 | -      |   |   |                     | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 37,803 |   |   |   | - |   |   |   |   |   | 37,803 |   |
| Property and casualty insurance premiums                                    |   |                 | -      |   |   |                     | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 6,179 |   |   |   | - |   |   |   | - |   |   |   |   |   | 6,179 |   |
| Net investment and interest income                                          |   |                 | 1,211  |   |   |                     | 5,079   |   |   |   | - |   |   |   | - |   |   |   |   | 6,290 |   |   |   | 1,915 |   |   |   | 5,532 |   |   |   | (382 | ) |   |  (b,e) |   |   | 13,355 |   |
| Other revenue                                                               |   |                 | 20     |   |   |                     | 14,172  |   |   |   | 19,372 |   |   |   | (20,629 | ) | (b) |   |   | 12,935 |   |   |   | - |   |   |   | 507 |   |   |   | (348 | ) |   | (b) |   |   | 13,094 |   |
| Total revenues                                                              |   |                 | 1,231  |   |   |                     | 534,872 |   |   |   | 19,684 |   |   |   | (20,629 | ) |   |   |   | 535,158 |   |   |   | 8,094 |   |   |   | 43,842 |   |   |   | (1,147 | ) |   |   |   |   |   | 585,947 |   |
|                                                                        |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs and expenses:                                                         |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating expenses                                                          |   |                 | 2,079  |   |   |                     | 260,657 |   |   |   | 2,263 |   |   |   | (20,629 | ) | (b) |   |   | 244,370 |   |   |   | 2,818 |   |   |   | 6,703 |   |   |   | (757 | ) |   |  (b,c) |   |   | 253,134 |   |
| Commission expenses                                                         |   |                 | -      |   |   |                     | 52,169  |   |   |   | - |   |   |   | - |   |   |   |   | 52,169 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | 52,169 |   |
| Cost of sales                                                               |   |                 | -      |   |   |                     | 31,665  |   |   |   | - |   |   |   | - |   |   |   |   | 31,665 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | 31,665 |   |
| Benefits and losses                                                         |   |                 | -      |   |   |                     | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 3,879 |   |   |   | 31,543 |   |   |   | - |   |   |   |   |   |   | 35,422 |   |
| Amortization of deferred policy acquisition costs                           |   |                 | -      |   |   |                     | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 2,193 |   |   |   | - |   |   |   |   |   |   | 2,193 |   |
| Lease expense                                                               |   |                 | 25     |   |   |                     | 38,941  |   |   |   | 5 |   |   |   | - |   |   |   |   | 38,971 |   |   |   | - |   |   |   | - |   |   |   | (305 | ) |   | (b) |   |   | 38,666 |   |
| Depreciation, net of (gains) losses on disposals                            |   |                 | 2      |   |   |                     | 42,607  |   |   |   | 1,980 |   |   |   | - |   |   |   |   | 44,589 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | 44,589 |   |
| Total costs and expenses                                                    |   |                 | 2,106  |   |   |                     | 426,039 |   |   |   | 4,248 |   |   |   | (20,629 | ) |   |   |   | 411,764 |   |   |   | 6,697 |   |   |   | 40,439 |   |   |   | (1,062 | ) |   |   |   |   |   | 457,838 |   |
|                                                                        |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity in earnings of subsidiaries                                          |   |                 | 53,937 |   |   |                     | -       |   |   |   | - |   |   |   | (50,896 | ) | (d) |   |   | 3,041 |   |   |   | - |   |   |   | - |   |   |   | (3,041 | ) |   | (d) |   |   | - |   |
|                                                                        |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings from operations                                                    |   |                 | 53,062 |   |   |                     | 108,833 |   |   |   | 15,436 |   |   |   | (50,896 | ) |   |   |   | 126,435 |   |   |   | 1,397 |   |   |   | 3,403 |   |   |   | (3,126 | ) |   |   |   |   |   | 128,109 |   |
| Interest income (expense)                                                   |   |                 | 21,280 |   |   |                     | (32,876 | ) |   |   | (9,868 | ) |   |   | - |   |   |   |   | (21,464 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | (21,464 | ) |
| Pretax earnings                                                             |   |                 | 74,342 |   |   |                     | 75,957  |   |   |   | 5,568 |   |   |   | (50,896 | ) |   |   |   | 104,971 |   |   |   | 1,397 |   |   |   | 3,403 |   |   |   | (3,126 | ) |   |   |   |   |   | 106,645 |   |
| Income tax expense                                                          |   |                 | (7,755 | )      |   |                     | (28,298 | ) |   |   | (2,331 | ) |   |   | - |   |   |   |   | (38,384 | ) |   |   | (489 | ) |   |   | (1,270 | ) |   |   | - |   |   |   |   |   |   | (40,143 | ) |
| Net earnings                                                                |   |                 | 66,587 |   |   |                     | 47,659  |   |   |   | 3,237 |   |   |   | (50,896 | ) |   |   |   | 66,587 |   |   |   | 908 |   |   |   | 2,133 |   |   |   | (3,126 | ) |   |   |   |   |   | 66,502 |   |
| Excess (loss) of carrying amount of preferred stock over consideration paid |   |                 | -      |   |   |                     | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (31 | ) |   |   |   |   |   | (31 | ) |
| Less:  Preferred stock dividends                                  |   |                 | (3,241 | )      |   |                     | -       |   |   |   | - |   |   |   | - |   |   |   |   | (3,241 | ) |   |   | - |   |   |   | - |   |   |   | 85 |   |   | (e) |   |   | (3,156 | ) |
| Earnings available to common shareholders                                   |   | $                    | 63,346 |   |   | $                        | 47,659  |   |   | $ | 3,237 |   |   | $ | (50,896 | ) |   |   | $ | 63,346 |   |   | $ | 908 |   |   | $ | 2,133 |   |   | $ | (3,072 | ) |   |   |   |   | $ | 63,315 |   |
|                                                                        |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (a) Balances for the quarter ended March 31, 2010                           |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (b) Eliminate intercompany lease income                                     |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (c) Eliminate intercompany premiums                                         |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (d) Eliminate equity in earnings of subsidiaries                            |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (e) Eliminate preferred stock dividend paid to affiliate                    |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                              |   | Moving & Storage |   |   |   |  AMERCO Legal Group |    |
|-------------------------------------------------------------------|--------|----------------------|--------|--------|--------|--------------------------|---------|
|                                                              |   | AMERCO               |   |   | U-Haul |                     |    | Real Estate |   |   | Eliminations |   |   |   | Moving & StorageConsolidated |   |   | Property & Casualty Insurance (a) |   |   | LifeInsurance (a) |   |   | Eliminations |   |   |   |   | AMERCOConsolidated |   |
|                                                              |   | (Unaudited)          |   |
|                                                              |   | (In thousands)       |   |
| Revenues:                                                         |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Self-moving equipment rentals                                     |   | $                    | -      |   |   | $                        | 373,255 |   |   | $ | - |   |   | $ | - |   |   |   | $ | 373,255 |   |   | $ | - |   |   | $ | - |   |   | $ | (314 | ) |   | (c) |   | $ | 372,941 |   |
| Self-storage revenues                                             |   |                 | -      |   |   |                     | 26,658  |   |   |   | 346 |   |   |   | - |   |   |   |   | 27,004 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 27,004 |   |
| Self-moving & self-storage products & service sales       |   |                 | -      |   |   |                     | 57,822  |   |   |   | - |   |   |   | - |   |   |   |   | 57,822 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 57,822 |   |
| Property management fees                                          |   |                 | -      |   |   |                     | 4,450   |   |   |   | - |   |   |   | - |   |   |   |   | 4,450 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 4,450 |   |
| Life insurance premiums                                           |   |                 | -      |   |   |                     | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 27,604 |   |   |   | - |   |   |   |   |   | 27,604 |   |
| Property and casualty insurance premiums                          |   |                 | -      |   |   |                     | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 6,215 |   |   |   | - |   |   |   | - |   |   |   |   |   | 6,215 |   |
| Net investment and interest income                                |   |                 | 1,072  |   |   |                     | 5,537   |   |   |   | - |   |   |   | - |   |   |   |   | 6,609 |   |   |   | 1,836 |   |   |   | 5,532 |   |   |   | (297 | ) |   |  (b,e) |   |   | 13,680 |   |
| Other revenue                                                     |   |                 | -      |   |   |                     | 11,923  |   |   |   | 18,302 |   |   |   | (19,692 | ) | (b) |   |   | 10,533 |   |   |   | - |   |   |   | 736 |   |   |   | (326 | ) |   | (b) |   |   | 10,943 |   |
| Total revenues                                                    |   |                 | 1,072  |   |   |                     | 479,645 |   |   |   | 18,648 |   |   |   | (19,692 | ) |   |   |   | 479,673 |   |   |   | 8,051 |   |   |   | 33,872 |   |   |   | (937 | ) |   |   |   |   |   | 520,659 |   |
|                                                              |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs and expenses:                                               |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating expenses                                                |   |                 | 2,686  |   |   |                     | 265,591 |   |   |   | 2,241 |   |   |   | (19,692 | ) | (b) |   |   | 250,826 |   |   |   | 3,262 |   |   |   | 5,045 |   |   |   | (632 | ) |   |  (b,c) |   |   | 258,501 |   |
| Commission expenses                                               |   |                 | -      |   |   |                     | 44,411  |   |   |   | - |   |   |   | - |   |   |   |   | 44,411 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | 44,411 |   |
| Cost of sales                                                     |   |                 | -      |   |   |                     | 30,450  |   |   |   | - |   |   |   | - |   |   |   |   | 30,450 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | 30,450 |   |
| Benefits and losses                                               |   |                 | -      |   |   |                     | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 3,362 |   |   |   | 24,332 |   |   |   | - |   |   |   |   |   |   | 27,694 |   |
| Amortization of deferred policy acquisition costs                 |   |                 | -      |   |   |                     | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 1,917 |   |   |   | - |   |   |   |   |   |   | 1,917 |   |
| Lease expense                                                     |   |                 | 14     |   |   |                     | 39,562  |   |   |   | 2 |   |   |   | - |   |   |   |   | 39,578 |   |   |   | - |   |   |   | - |   |   |   | (305 | ) |   | (b) |   |   | 39,273 |   |
| Depreciation, net of (gains) losses on disposals                  |   |                 | 4      |   |   |                     | 56,038  |   |   |   | 3,175 |   |   |   | - |   |   |   |   | 59,217 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | 59,217 |   |
| Total costs and expenses                                          |   |                 | 2,704  |   |   |                     | 436,052 |   |   |   | 5,418 |   |   |   | (19,692 | ) |   |   |   | 424,482 |   |   |   | 6,624 |   |   |   | 31,294 |   |   |   | (937 | ) |   |   |   |   |   | 461,463 |   |
|                                                              |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity in earnings of subsidiaries                                |   |                 | 8,777  |   |   |                     | -       |   |   |   | - |   |   |   | (6,191 | ) | (d) |   |   | 2,586 |   |   |   | - |   |   |   | - |   |   |   | (2,586 | ) |   | (d) |   |   | - |   |
|                                                              |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings from operations                                          |   |                 | 7,145  |   |   |                     | 43,593  |   |   |   | 13,230 |   |   |   | (6,191 | ) |   |   |   | 57,777 |   |   |   | 1,427 |   |   |   | 2,578 |   |   |   | (2,586 | ) |   |   |   |   |   | 59,196 |   |
| Interest income (expense)                                         |   |                 | 23,411 |   |   |                     | (38,206 | ) |   |   | (8,426 | ) |   |   | - |   |   |   |   | (23,221 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | (23,221 | ) |
| Pretax earnings                                                   |   |                 | 30,556 |   |   |                     | 5,387   |   |   |   | 4,804 |   |   |   | (6,191 | ) |   |   |   | 34,556 |   |   |   | 1,427 |   |   |   | 2,578 |   |   |   | (2,586 | ) |   |   |   |   |   | 35,975 |   |
| Income tax expense                                                |   |                 | (8,124 | )      |   |                     | (1,912  | ) |   |   | (2,088 | ) |   |   | - |   |   |   |   | (12,124 | ) |   |   | (500 | ) |   |   | (919 | ) |   |   | - |   |   |   |   |   |   | (13,543 | ) |
| Net earnings                                                      |   |                 | 22,432 |   |   |                     | 3,475   |   |   |   | 2,716 |   |   |   | (6,191 | ) |   |   |   | 22,432 |   |   |   | 927 |   |   |   | 1,659 |   |   |   | (2,586 | ) |   |   |   |   |   | 22,432 |   |
| Excess carrying amount of preferred stock over consideration paid |   |                 | -      |   |   |                     | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 323 |   |   |   |   |   |   | 323 |   |
| Less:  Preferred stock dividends                        |   |                 | (3,241 | )      |   |                     | -       |   |   |   | - |   |   |   | - |   |   |   |   | (3,241 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | (3,241 | ) |
| Earnings available to common shareholders                         |   | $                    | 19,191 |   |   | $                        | 3,475   |   |   | $ | 2,716 |   |   | $ | (6,191 | ) |   |   | $ | 19,191 |   |   | $ | 927 |   |   | $ | 1,659 |   |   | $ | (2,263 | ) |   |   |   |   | $ | 19,514 |   |
|                                                              |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (a) Balances for the quarter ended March 31, 2009                 |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (b) Eliminate intercompany lease income                           |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (c) Eliminate intercompany premiums                               |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (d) Eliminate equity in earnings of subsidiaries                  |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (e) Elimination of preferred stock dividend paid to affiliate     |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                      |   | Moving & Storage |    |   |  AMERCO Legal Group |   |
|---------------------------------------------------------------------------|--------|----------------------|---------|--------|--------------------------|--------|
|                                                                      |   | AMERCO               |    |   | U-Haul                   |   |   | Real Estate |   |   | Elimination |   |   | Moving & StorageConsolidated |   |   | Property &CasualtyInsurance (a) |   |   | LifeInsurance (a) |   |   | Elimination |   |   | AMERCOConsolidated |   |
|                                                                      |   | (Unaudited)          |    |
| Cash flows from operating activities:                                     |   | (In thousands)       |    |
| Net earnings                                                              |   | $                    | 66,587  |   |                     | $      | 47,659 |   |   | $ | 3,237 |   |   | $ | (50,896 | ) |   | $ | 66,587 |   |   | $ | 908 |   |   | $ | 2,133 |   |   | $ | (3,126 | ) |   | $ | 66,502 |   |
| Earnings from consolidated entities                                       |   |                 | (53,937 | )      |                     |   | - |   |   |   | - |   |   |   | 50,896 |   |   |   | (3,041 | ) |   |   | - |   |   |   | - |   |   |   | 3,041 |   |   |   | - |   |
| Adjustments to reconcile net earnings to the cash provided by operations: |   |                 |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation                                                              |   |                 | 2       |   |                     |   | 49,781 |   |   |   | 3,194 |   |   |   | - |   |   |   | 52,977 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 52,977 |   |
| Amortization of deferred policy acquisition costs                         |   |                 | -       |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 2,193 |   |   |   | - |   |   |   | 2,193 |   |
| Change in allowance for losses on trade receivables                       |   |                 | -       |   |                     |   | (29 | ) |   |   | - |   |   |   | - |   |   |   | (29 | ) |   |   | - |   |   |   | 1 |   |   |   | - |   |   |   | (28 | ) |
| Change in allowance for losses on mortgage notes                          |   |                 | -       |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Change in allowance for inventory reserve                                 |   |                 | -       |   |                     |   | 494 |   |   |   | - |   |   |   | - |   |   |   | 494 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 494 |   |
| Net gain on sale of real and personal property                            |   |                 | -       |   |                     |   | (7,174 | ) |   |   | (1,214 | ) |   |   | - |   |   |   | (8,388 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (8,388 | ) |
| Net (gain) loss on sale of investments                                    |   |                 | -       |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 8 |   |   |   | (1,023 | ) |   |   | - |   |   |   | (1,015 | ) |
| Deferred income taxes                                                     |   |                 | 24,747  |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | 24,747 |   |   |   | 162 |   |   |   | 321 |   |   |   | - |   |   |   | 25,230 |   |
| Net change in other operating assets and liabilities:                     |   |                 |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Reinsurance recoverables and trade receivables                            |   |                 | -       |   |                     |   | (10,614 | ) |   |   | - |   |   |   | - |   |   |   | (10,614 | ) |   |   | 1,669 |   |   |   | (6,400 | ) |   |   | - |   |   |   | (15,345 | ) |
| Inventories                                                               |   |                 | -       |   |                     |   | (3,283 | ) |   |   | - |   |   |   | - |   |   |   | (3,283 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (3,283 | ) |
| Prepaid expenses                                                          |   |                 | -       |   |                     |   | (2,379 | ) |   |   | 48 |   |   |   | - |   |   |   | (2,331 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (2,331 | ) |
| Capitalization of deferred policy acquisition costs                       |   |                 | -       |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (3,663 | ) |   |   | - |   |   |   | (3,663 | ) |
| Other assets                                                              |   |                 | 3       |   |                     |   | (1,637 | ) |   |   | 408 |   |   |   | - |   |   |   | (1,226 | ) |   |   | 131 |   |   |   | 52 |   |   |   | - |   |   |   | (1,043 | ) |
| Related party assets                                                      |   |                 | 172     |   |                     |   | 4,835 |   |   |   | (17 | ) |   |   | - |   |   |   | 4,990 |   |   |   | (299 | ) |   |   | - |   |   |   | - |   |   |   | 4,691 |   |
| Accounts payable and accrued expenses                                     |   |                 | 3,567   |   |                     |   | 32,429 |   |   |   | (177 | ) |   |   | - |   |   |   | 35,819 |   |   |   | - |   |   |   | 3,149 |   |   |   | - |   |   |   | 38,968 |   |
| Policy benefits and losses, claims and loss expenses payable              |   |                 | -       |   |                     |   | 2,641 |   |   |   | - |   |   |   | - |   |   |   | 2,641 |   |   |   | (4,686 | ) |   |   | 12,285 |   |   |   | - |   |   |   | 10,240 |   |
| Other policyholders' funds and liabilities                                |   |                 | -       |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 591 |   |   |   | (691 | ) |   |   | - |   |   |   | (100 | ) |
| Deferred income                                                           |   |                 | -       |   |                     |   | 6,727 |   |   |   | - |   |   |   | - |   |   |   | 6,727 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 6,727 |   |
| Related party liabilities                                                 |   |                 | -       |   |                     |   | 829 |   |   |   | - |   |   |   | - |   |   |   | 829 |   |   |   | (38 | ) |   |   | - |   |   |   | - |   |   |   | 791 |   |
| Net cash provided (used) by operating activities                          |   |                 | 41,141  |   |                     |   | 120,279 |   |   |   | 5,479 |   |   |   | - |   |   |   | 166,899 |   |   |   | (1,554 | ) |   |   | 8,357 |   |   |   | (85 | ) |   |   | 173,617 |   |
|                                                                      |   |                 |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash flows from investing activities:                                     |   |                 |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Purchases of:                                                             |   |                 |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Property, plant and equipment                                             |   |                 | (2      | )      |                     |   | (124,784 | ) |   |   | (14,116 | ) |   |   | - |   |   |   | (138,902 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (138,902 | ) |
| Short term investments                                                    |   |                 | -       |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (22,060 | ) |   |   | (29,767 | ) |   |   | - |   |   |   | (51,827 | ) |
| Fixed maturities investments                                              |   |                 | -       |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (10,443 | ) |   |   | (55,784 | ) |   |   | - |   |   |   | (66,227 | ) |
| Equity securities                                                         |   |                 | (4,746  | )      |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | (4,746 | ) |   |   | (1,479 | ) |   |   | - |   |   |   | - |   |   |   | (6,225 | ) |
| Preferred stock                                                           |   |                 | -       |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (3,327 | ) |   |   | (148 | ) |   |   | - |   |   |   | (3,475 | ) |
| Real estate                                                               |   |                 | -       |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (53 | ) |   |   | (81 | ) |   |   | - |   |   |   | (134 | ) |
| Mortgage loans                                                            |   |                 | -       |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (51 | ) |   |   | - |   |   |   | - |   |   |   | (51 | ) |
| Proceeds from sales of:                                                   |   |                 |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Property, plant and equipment                                             |   |                 | -       |   |                     |   | 45,863 |   |   |   | 1,362 |   |   |   | - |   |   |   | 47,225 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 47,225 |   |
| Short term investments                                                    |   |                 | -       |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 29,951 |   |   |   | 54,476 |   |   |   | - |   |   |   | 84,427 |   |
| Fixed maturities investments                                              |   |                 | -       |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 7,126 |   |   |   | 26,575 |   |   |   | - |   |   |   | 33,701 |   |
| Equity securities                                                         |   |                 | -       |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 133 |   |   |   | - |   |   |   | - |   |   |   | 133 |   |
| Real estate                                                               |   |                 | -       |   |                     |   | 1,506 |   |   |   | 82 |   |   |   | - |   |   |   | 1,588 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1,588 |   |
| Mortgage loans                                                            |   |                 | -       |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 19 |   |   |   | 702 |   |   |   | - |   |   |   | 721 |   |
| Payments from notes and mortgage receivables                              |   |                 | -       |   |                     |   | 22 |   |   |   | 212 |   |   |   | - |   |   |   | 234 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 234 |   |
| Net cash provided (used) by investing activities                          |   |                 | (4,748  | )      |                     |   | (77,393 | ) |   |   | (12,460 | ) |   |   | - |   |   |   | (94,601 | ) |   |   | (184 | ) |   |   | (4,027 | ) |   |   | - |   |   |   | (98,812 | ) |
|                                                                      |   | (page 1 of 2)        |    |
| (a) Balance for the period ended March 31, 2010                           |   |                 |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                           |   | Moving & Storage |    |   |  AMERCO Legal Group |   |
|----------------------------------------------------------------|--------|----------------------|---------|--------|--------------------------|--------|
|                                                           |   | AMERCO               |    |   | U-Haul                   |   |   | Real Estate |   |   | Elimination |   |   | Moving & StorageConsolidated |   |   | Property &CasualtyInsurance (a) |   |   | LifeInsurance (a) |   |   | Elimination |   |   |   | AMERCOConsolidated |   |
|                                                           |   | (Unaudited)          |    |
| Cash flows from financing activities:                          |   | (In thousands)       |    |
| Borrowings from credit facilities                              |   |                 | -       |   |                     |   | 72,823 |   |   |   | 19,134 |   |   |   | - |   |   |   | 91,957 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 91,957 |   |
| Principal repayments on credit facilities                      |   |                 | -       |   |                     |   | (26,929 | ) |   |   | (79,750 | ) |   |   | - |   |   |   | (106,679 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (106,679 | ) |
| Debt issuance costs                                            |   |                 | -       |   |                     |   | (89 | ) |   |   | - |   |   |   | - |   |   |   | (89 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (89 | ) |
| Capital lease payments                                         |   |                 | -       |   |                     |   | (6,951 | ) |   |   | - |   |   |   | - |   |   |   | (6,951 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (6,951 | ) |
| Leveraged Employee Stock Ownership Plan - repayments from loan |   |                 | -       |   |                     |   | 295 |   |   |   | - |   |   |   | - |   |   |   | 295 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 295 |   |
| Proceeds from (repayment of) intercompany loans                |   |                 | (1,122  | )      |                     |   | (66,474 | ) |   |   | 67,596 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |
| Preferred stock dividends paid                                 |   |                 | (3,241  | )      |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | (3,241 | ) |   |   | - |   |   |   | - |   |   |   | 85 |   | (b) |   |   | (3,156 | ) |
| Investment contract deposits                                   |   |                 | -       |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 3,018 |   |   |   | - |   |   |   |   | 3,018 |   |
| Investment contract withdrawals                                |   |                 | -       |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (8,685 | ) |   |   | - |   |   |   |   | (8,685 | ) |
| Net cash provided (used) by financing activities               |   |                 | (4,363  | )      |                     |   | (27,325 | ) |   |   | 6,980 |   |   |   | - |   |   |   | (24,708 | ) |   |   | - |   |   |   | (5,667 | ) |   |   | 85 |   |   |   |   | (30,290 | ) |
|                                                           |   |                 |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Effects of exchange rate on cash                               |   |                 | -       |   |                     |   | (519 | ) |   |   | - |   |   |   | - |   |   |   | (519 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (519 | ) |
|                                                           |   |                 |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Increase (decrease) in cash and cash equivalents               |   |                 | 32,030  |   |                     |   | 15,042 |   |   |   | (1 | ) |   |   | - |   |   |   | 47,071 |   |   |   | (1,738 | ) |   |   | (1,337 | ) |   |   | - |   |   |   |   | 43,996 |   |
| Cash and cash equivalents at beginning of period               |   |                 | 100,460 |   |                     |   | 107,241 |   |   |   | 4 |   |   |   | - |   |   |   | 207,705 |   |   |   | 22,126 |   |   |   | 14,287 |   |   |   | - |   |   |   |   | 244,118 |   |
| Cash and cash equivalents at end of period                     |   | $                    | 132,490 |   |                     | $      | 122,283 |   |   | $ | 3 |   |   | $ | - |   |   | $ | 254,776 |   |   | $ | 20,388 |   |   | $ | 12,950 |   |   | $ | - |   |   |   | $ | 288,114 |   |
|                                                           |   | (page 2 of 2)        |    |
| (a) Balance for the period ended March 31, 2010                |   |                 |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (b) Elimination of preferred stock dividend paid to affiliate  |   |                 |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                      |   | Moving & Storage |   |   |  AMERCO Legal Group |   |
|---------------------------------------------------------------------------|--------|----------------------|--------|--------|--------------------------|--------|
|                                                                      |   | AMERCO               |   |   | U-Haul                   |   |   | Real Estate |   |   | Elimination |   |   | Moving & StorageConsolidated |   |   | Property &CasualtyInsurance (a) |   |   | LifeInsurance (a) |   |   | Elimination |   |   | AMERCOConsolidated |   |
|                                                                      |   | (Unaudited)          |   |
| Cash flows from operating activities:                                     |   | (In thousands)       |   |
| Net earnings                                                              |   | $                    | 22,432 |   |                     | $      | 3,475 |   |   | $ | 2,716 |   |   | $ | (6,191 | ) |   | $ | 22,432 |   |   | $ | 927 |   |   | $ | 1,659 |   |   | $ | (2,586 | ) |   | $ | 22,432 |   |
| Earnings from consolidated entities                                       |   |                 | (8,777 | )      |                     |   | - |   |   |   | - |   |   |   | 6,191 |   |   |   | (2,586 | ) |   |   | - |   |   |   | - |   |   |   | 2,586 |   |   |   | - |   |
| Adjustments to reconcile net earnings to the cash provided by operations: |   |                 |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation                                                              |   |                 | 4      |   |                     |   | 54,699 |   |   |   | 3,176 |   |   |   | - |   |   |   | 57,879 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 57,879 |   |
| Amortization of deferred policy acquisition costs                         |   |                 | -      |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1,917 |   |   |   | - |   |   |   | 1,917 |   |
| Change in allowance for losses on trade receivables                       |   |                 | -      |   |                     |   | 14 |   |   |   | - |   |   |   | - |   |   |   | 14 |   |   |   | - |   |   |   | (1 | ) |   |   | - |   |   |   | 13 |   |
| Change in allowance for losses on mortgage notes                          |   |                 | -      |   |                     |   | (6 | ) |   |   | - |   |   |   | - |   |   |   | (6 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (6 | ) |
| Change in allowance for inventory reserve                                 |   |                 | -      |   |                     |   | 754 |   |   |   | - |   |   |   | - |   |   |   | 754 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 754 |   |
| Net (gain) loss on sale of real and personal property                     |   |                 | -      |   |                     |   | 1,339 |   |   |   | (1 | ) |   |   | - |   |   |   | 1,338 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1,338 |   |
| Net (gain) loss on sale of investments                                    |   |                 | -      |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 54 |   |   |   | (679 | ) |   |   | - |   |   |   | (625 | ) |
| Deferred income taxes                                                     |   |                 | 10,712 |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | 10,712 |   |   |   | 301 |   |   |   | (5,685 | ) |   |   | - |   |   |   | 5,328 |   |
| Net change in other operating assets and liabilities:                     |   |                 |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Reinsurance recoverables and trade receivables                            |   |                 | -      |   |                     |   | (9,278 | ) |   |   | (6 | ) |   |   | - |   |   |   | (9,284 | ) |   |   | (1,396 | ) |   |   | (1,210 | ) |   |   | - |   |   |   | (11,890 | ) |
| Inventories                                                               |   |                 | -      |   |                     |   | 5,807 |   |   |   | - |   |   |   | - |   |   |   | 5,807 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 5,807 |   |
| Prepaid expenses                                                          |   |                 | 1,129  |   |                     |   | (7,874 | ) |   |   | (93 | ) |   |   | - |   |   |   | (6,838 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (6,838 | ) |
| Capitalization of deferred policy acquisition costs                       |   |                 | -      |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (3,063 | ) |   |   | - |   |   |   | (3,063 | ) |
| Other assets                                                              |   |                 | (303   | )      |                     |   | (1,761 | ) |   |   | 381 |   |   |   | - |   |   |   | (1,683 | ) |   |   | 73 |   |   |   | (21 | ) |   |   | - |   |   |   | (1,631 | ) |
| Related party assets                                                      |   |                 | 174    |   |                     |   | 7,281 |   |   |   | (8 | ) |   |   | - |   |   |   | 7,447 |   |   |   | 345 |   |   |   | - |   |   |   | - |   |   |   | 7,792 |   |
| Accounts payable and accrued expenses                                     |   |                 | (442   | )      |                     |   | 8,389 |   |   |   | (755 | ) |   |   | - |   |   |   | 7,192 |   |   |   | - |   |   |   | (230 | ) |   |   | - |   |   |   | 6,962 |   |
| Policy benefits and losses, claims and loss expenses payable              |   |                 | -      |   |                     |   | 6,249 |   |   |   | - |   |   |   | - |   |   |   | 6,249 |   |   |   | (1,881 | ) |   |   | 1,999 |   |   |   | - |   |   |   | 6,367 |   |
| Other policyholders' funds and liabilities                                |   |                 | -      |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (1,875 | ) |   |   | (146 | ) |   |   | - |   |   |   | (2,021 | ) |
| Deferred income                                                           |   |                 | -      |   |                     |   | 4,050 |   |   |   | - |   |   |   | - |   |   |   | 4,050 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 4,050 |   |
| Related party liabilities                                                 |   |                 | -      |   |                     |   | 197 |   |   |   | - |   |   |   | - |   |   |   | 197 |   |   |   | (487 | ) |   |   | (53 | ) |   |   | - |   |   |   | (343 | ) |
| Net cash provided (used) by operating activities                          |   |                 | 24,929 |   |                     |   | 73,335 |   |   |   | 5,410 |   |   |   | - |   |   |   | 103,674 |   |   |   | (3,939 | ) |   |   | (5,513 | ) |   |   | - |   |   |   | 94,222 |   |
|                                                                      |   |                 |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash flows from investing activities:                                     |   |                 |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Purchases of:                                                             |   |                 |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Property, plant and equipment                                             |   |                 | -      |   |                     |   | (120,567 | ) |   |   | (2,979 | ) |   |   | - |   |   |   | (123,546 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (123,546 | ) |
| Short term investments                                                    |   |                 | -      |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (10,398 | ) |   |   | (41,137 | ) |   |   | - |   |   |   | (51,535 | ) |
| Fixed maturities investments                                              |   |                 | -      |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (4,392 | ) |   |   | (29,255 | ) |   |   | - |   |   |   | (33,647 | ) |
| Preferred stock                                                           |   |                 | -      |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (882 | ) |   |   | - |   |   |   | - |   |   |   | (882 | ) |
| Real estate                                                               |   |                 | -      |   |                     |   | - |   |   |   | (293 | ) |   |   | - |   |   |   | (293 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (293 | ) |
| Mortgage loans                                                            |   |                 | -      |   |                     |   | (288 | ) |   |   | - |   |   |   | - |   |   |   | (288 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (288 | ) |
| Proceeds from sales of:                                                   |   |                 |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Property, plant and equipment                                             |   |                 | -      |   |                     |   | 36,988 |   |   |   | 1,100 |   |   |   | - |   |   |   | 38,088 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 38,088 |   |
| Short term investments                                                    |   |                 | -      |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 12,402 |   |   |   | 48,376 |   |   |   | - |   |   |   | 60,778 |   |
| Fixed maturities investments                                              |   |                 | -      |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 7,603 |   |   |   | 32,969 |   |   |   | - |   |   |   | 40,572 |   |
| Real estate                                                               |   |                 | -      |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 12 |   |   |   | - |   |   |   | - |   |   |   | 12 |   |
| Mortgage loans                                                            |   |                 | -      |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 7 |   |   |   | 728 |   |   |   | - |   |   |   | 735 |   |
| Payments from notes and mortgage receivables                              |   |                 | -      |   |                     |   | 100 |   |   |   | 397 |   |   |   | - |   |   |   | 497 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 497 |   |
| Net cash provided (used) by investing activities                          |   |                 | -      |   |                     |   | (83,767 | ) |   |   | (1,775 | ) |   |   | - |   |   |   | (85,542 | ) |   |   | 4,352 |   |   |   | 11,681 |   |   |   | - |   |   |   | (69,509 | ) |
|                                                                      |   | (page 1 of 2)        |   |
| (a) Balance for the period ended March 31, 2009                           |   |                 |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                           |   | Moving & Storage |    |   |  AMERCO Legal Group |   |
|----------------------------------------------------------------|--------|----------------------|---------|--------|--------------------------|--------|
|                                                           |   | AMERCO               |    |   | U-Haul                   |   |   | Real Estate |   |   | Elimination |   |   | Moving & StorageConsolidated |   |   | Property &CasualtyInsurance (a) |   |   | LifeInsurance (a) |   |   | Elimination |   |   | AMERCOConsolidated |   |
|                                                           |   | (Unaudited)          |    |
| Cash flows from financing activities:                          |   | (In thousands)       |    |
| Borrowings from credit facilities                              |   |                 | -       |   |                     |   | 12,269 |   |   |   | 1,209 |   |   |   | - |   |   |   | 13,478 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 13,478 |   |
| Principal repayments on credit facilities                      |   |                 | -       |   |                     |   | (30,133 | ) |   |   | (7,624 | ) |   |   | - |   |   |   | (37,757 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (37,757 | ) |
| Debt issuance costs                                            |   |                 | -       |   |                     |   | (100 | ) |   |   | (177 | ) |   |   | - |   |   |   | (277 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (277 | ) |
| Capital lease payments                                         |   |                 | -       |   |                     |   | (329 | ) |   |   | - |   |   |   | - |   |   |   | (329 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (329 | ) |
| Leveraged Employee Stock Ownership Plan - repayments from loan |   |                 | -       |   |                     |   | 264 |   |   |   | - |   |   |   | - |   |   |   | 264 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 264 |   |
| Proceeds from (repayment of) intercompany loans                |   |                 | (21,688 | )      |                     |   | 18,731 |   |   |   | 2,957 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Preferred stock dividends paid                                 |   |                 | (3,241  | )      |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | (3,241 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (3,241 | ) |
| Investment contract deposits                                   |   |                 | -       |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 2,829 |   |   |   | - |   |   |   | 2,829 |   |
| Investment contract withdrawals                                |   |                 | -       |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (13,500 | ) |   |   | - |   |   |   | (13,500 | ) |
| Net cash provided (used) by financing activities               |   |                 | (24,929 | )      |                     |   | 702 |   |   |   | (3,635 | ) |   |   | - |   |   |   | (27,862 | ) |   |   | - |   |   |   | (10,671 | ) |   |   | - |   |   |   | (38,533 | ) |
|                                                           |   |                 |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Effects of exchange rate on cash                               |   |                 | -       |   |                     |   | (50 | ) |   |   | - |   |   |   | - |   |   |   | (50 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (50 | ) |
|                                                           |   |                 |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Increase (decrease) in cash and cash equivalents               |   |                 | -       |   |                     |   | (9,780 | ) |   |   | - |   |   |   | - |   |   |   | (9,780 | ) |   |   | 413 |   |   |   | (4,503 | ) |   |   | - |   |   |   | (13,870 | ) |
| Cash and cash equivalents at beginning of period               |   |                 | 38      |   |                     |   | 213,040 |   |   |   | - |   |   |   | - |   |   |   | 213,078 |   |   |   | 19,197 |   |   |   | 8,312 |   |   |   | - |   |   |   | 240,587 |   |
| Cash and cash equivalents at end of period                     |   | $                    | 38      |   |                     | $      | 203,260 |   |   | $ | - |   |   | $ | - |   |   | $ | 203,298 |   |   | $ | 19,610 |   |   | $ | 3,809 |   |   | $ | - |   |   | $ | 226,717 |   |
|                                                           |   | (page 2 of 2)        |    |
| (a) Balance for the period ended March 31, 2009                |   |                 |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                              |   | United States                              |      |   | Canada |   |    | Consolidated |   |
|-------------------------------------------------------------------|--------|--------------------------------------------|-----------|--------|--------|--------|---------|--------------|--------|
|                                                              |   | (Unaudited)                                |      |
|                                                              |   | (All amounts are in thousands of U.S. $'s) |      |
| Quarter ended June 30, 2010                                       |   |                                       |      |   |   |   |    |         |   |
| Total revenues                                                    |   | $                                          | 549,783   |   |   | $      | 36,164  |         |   | $ | 585,947 |   |
| Depreciation and amortization, net of (gains) losses on disposals |   |                                       | 45,037    |   |   |   | 1,745   |         |   |   | 46,782 |   |
| Interest expense                                                  |   |                                       | 21,310    |   |   |   | 154     |         |   |   | 21,464 |   |
| Pretax earnings                                                   |   |                                       | 99,882    |   |   |   | 6,763   |         |   |   | 106,645 |   |
| Income tax expense                                                |   |                                       | 38,151    |   |   |   | 1,992   |         |   |   | 40,143 |   |
| Identifiable assets                                               |   |                                       | 3,758,773 |   |   |   | 120,767 |         |   |   | 3,879,540 |   |

|                                                              |   | United States                              |      |   | Canada |   |    | Consolidated |   |
|-------------------------------------------------------------------|--------|--------------------------------------------|-----------|--------|--------|--------|---------|--------------|--------|
|                                                              |   | (Unaudited)                                |      |
|                                                              |   | (All amounts are in thousands of U.S. $'s) |      |
| Quarter ended June 30, 2009                                       |   |                                       |      |   |   |   |    |         |   |
| Total revenues                                                    |   | $                                          | 490,887   |   |   | $      | 29,772  |         |   | $ | 520,659 |   |
| Depreciation and amortization, net of (gains) losses on disposals |   |                                       | 59,387    |   |   |   | 1,747   |         |   |   | 61,134 |   |
| Interest expense                                                  |   |                                       | 23,081    |   |   |   | 140     |         |   |   | 23,221 |   |
| Pretax earnings                                                   |   |                                       | 33,071    |   |   |   | 2,904   |         |   |   | 35,975 |   |
| Income tax expense                                                |   |                                       | 12,555    |   |   |   | 988     |         |   |   | 13,543 |   |
| Identifiable assets                                               |   |                                       | 3,730,675 |   |   |   | 108,774 |         |   |   | 3,839,449 |   |

|                                                |   | Quarter Ended June 30, |   |
|-----------------------------------------------------|--------|------------------------|--------|
|                                                |   | 2010                   |   |   | 2009 |   |
|                                                |   | (Unaudited)            |   |
|                                                |   | (In thousands)         |   |
| Service cost for benefits earned during the period  |   | $                      | 115    |   |   | $ | 105 |   |
| Interest cost on accumulated postretirement benefit |   |                   | 142    |   |   |   | 151 |   |
| Other components                                    |   |                   | (9     | ) |   |   | (26 | ) |
| Net periodic postretirement benefit cost            |   | $                      | 248    |   |   | $ | 230 |   |

----

----

|                                                 |   | Total          |    |   | Quoted Prices in Active Markets for Identical Assets (Level 1) |   |    | Significant Other Observable Inputs (Level 2) |   |   | Significant Unobservable Inputs (Level 3) |   |
|------------------------------------------------------|--------|----------------|---------|--------|----------------------------------------------------------------|--------|---------|-----------------------------------------------|--------|--------|-------------------------------------------|--------|
|                                                 |   | (Unaudited)    |    |
|                                                 |   | (In thousands) |    |
| Assets                                               |   |           |    |   |                                                           |   |    |                                          |   |   |                                      |   |
| Short-term investments                               |   | $              | 307,753 |   |                                                           | $      | 307,753 |                                          |   | $      | -                                         |   |   | $ | - |   |
| Fixed maturities - available for sale                |   |           | 554,638 |   |                                                           |   | 384,903 |                                          |   |   | 166,657                                   |   |   |   | 3,078 |   |
| Preferred stock                                      |   |           | 21,905  |   |                                                           |   | 21,905  |                                          |   |   | -                                         |   |   |   | - |   |
| Common stock                                         |   |           | 21,181  |   |                                                           |   | 21,181  |                                          |   |   | -                                         |   |   |   | - |   |
| Less: Preferred stock of AMERCO held by subsidiaries |   |           | (4,162  | )      |                                                           |   | (4,162  | )                                             |   |   | -                                         |   |   |   | - |   |
| Total                                                |   | $              | 901,315 |   |                                                           | $      | 731,580 |                                          |   | $      | 166,657                                   |   |   | $ | 3,078 |   |
|                                                 |   |           |    |   |                                                           |   |    |                                          |   |   |                                      |   |   |   |   |   |
|                                                 |   |           |    |   |                                                           |   |    |                                          |   |   |                                      |   |   |   |   |   |
| Liabilities                                          |   |           |    |   |                                                           |   |    |                                          |   |   |                                      |   |   |   |   |   |
| Guaranteed residual values of TRAC leases            |   | $              | -       |   |                                                           | $      | -       |                                          |   | $      | -                                         |   |   | $ | - |   |
| Derivatives                                          |   |           | 66,142  |   |                                                           |   | -       |                                          |   |   | 66,142                                    |   |   |   | - |   |
| Total                                                |   | $              | 66,142  |   |                                                           | $      | -       |                                          |   | $      | 66,142                                    |   |   | $ | - |   |

|                                                         |   | Fixed Maturities - Auction Rate Securities |   |   | Fixed Maturities - Asset Backed Securities |   |   | Total  |   |
|--------------------------------------------------------------|--------|--------------------------------------------|--------|--------|--------------------------------------------|--------|--------|--------|--------|
|                                                         |   | (Unaudited)                                |   |
|                                                         |   | (In thousands)                             |   |
| Balance at March 31, 2010                                    |   | $                                          | 1,673  |   |                                       | $      | 1,615  |   |   | $ | 3,288 |   |
|                                                         |   |                                       |   |   |                                       |   |   |   |   |   |   |   |
| Transfers into Level 3 (a)                                   |   |                                       | 43     |   |                                       |   | -      |   |   |   | 43 |   |
| Fixed Maturities - Auction Rate Securities gain (unrealized) |   |                                       | 2      |   |                                       |   | -      |   |   |   | 2 |   |
| Fixed Maturities - Asset Backed Securities loss (unrealized) |   |                                       | -      |   |                                       |   | (160   | )      |   |   | (160 | ) |
| Securities called at par                                     |   |                                       | -      |   |                                       |   | (95    | )      |   |   | (95 | ) |
| Balance at June 30, 2010                                     |   | $                                          | 1,718  |   |                                       | $      | 1,360  |   |   | $ | 3,078 |   |

----

ITEM 2

| ·   | 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, and |
|--------------------|-------------------------------------------------------------------------------------------|

| ·   | Life Insurance, comprised of Oxford and its subsidiaries. |
|--------------------|-----------------------------------------------------------|

----

----

----

----

----

|                                                          |   | Quarter Ended June 30, |    |
|---------------------------------------------------------------|--------|------------------------|---------|
|                                                          |   | 2010                   |    |   | 2009 |   |
|                                                          |   | (Unaudited)            |    |
|                                                          |   | (In thousands)         |    |
|  Self-moving equipment rentals                           |   | $                      | 419,463 |   |   | $ | 372,941 |   |
|  Self-storage revenues                                   |   |                   | 28,227  |   |   |   | 27,004 |   |
|  Self-moving and self-storage products and service sales |   |                   | 63,290  |   |   |   | 57,822 |   |
|  Property management fees                                |   |                   | 4,536   |   |   |   | 4,450 |   |
|  Life insurance premiums                                 |   |                   | 37,803  |   |   |   | 27,604 |   |
|  Property and casualty insurance premiums                |   |                   | 6,179   |   |   |   | 6,215 |   |
|  Net investment and interest income                      |   |                   | 13,355  |   |   |   | 13,680 |   |
|  Other revenue                                           |   |                   | 13,094  |   |   |   | 10,943 |   |
|  Consolidated revenue                                    |   | $                      | 585,947 |   |   | $ | 520,659 |   |

----

|                                  |   | Quarter Ended June 30, |    |
|---------------------------------------|--------|------------------------|---------|
|                                  |   | 2010                   |    |   | 2009 |   |
|                                  |   | (Unaudited)            |    |
|                                  |   | (In thousands)         |    |
|  Moving and storage              |   |                   |    |   |   |   |
|  Revenues                        |   | $                      | 535,158 |   |   | $ | 479,673 |   |
|  Earnings from operations        |   |                   | 126,435 |   |   |   | 57,777 |   |
|  Property and casualty insurance |   |                   |    |   |   |   |   |   |
|  Revenues                        |   |                   | 8,094   |   |   |   | 8,051 |   |
|  Earnings from operations        |   |                   | 1,397   |   |   |   | 1,427 |   |
|  Life insurance                  |   |                   |    |   |   |   |   |   |
|  Revenues                        |   |                   | 43,842  |   |   |   | 33,872 |   |
|  Earnings from operations        |   |                   | 3,403   |   |   |   | 2,578 |   |
|  Eliminations                    |   |                   |    |   |   |   |   |   |
|  Revenues                        |   |                   | (1,147  | ) |   |   | (937 | ) |
|  Earnings from operations        |   |                   | (3,126  | ) |   |   | (2,586 | ) |
|  Consolidated results            |   |                   |    |   |   |   |   |   |
|  Revenues                        |   |                   | 585,947 |   |   |   | 520,659 |   |
|  Earnings from operations        |   |                   | 128,109 |   |   |   | 59,196 |   |

----

|                                                          |   | Quarter Ended June 30, |    |
|---------------------------------------------------------------|--------|------------------------|---------|
|                                                          |   | 2010                   |    |   | 2009 |   |
|                                                          |   | (Unaudited)            |    |
|                                                          |   | (In thousands)         |    |
|  Self-moving equipment rentals                           |   | $                      | 419,880 |   |   | $ | 373,255 |   |
|  Self-storage revenues                                   |   |                   | 28,227  |   |   |   | 27,004 |   |
|  Self-moving and self-storage products and service sales |   |                   | 63,290  |   |   |   | 57,822 |   |
|  Property management fees                                |   |                   | 4,536   |   |   |   | 4,450 |   |
|  Net investment and interest income                      |   |                   | 6,290   |   |   |   | 6,609 |   |
|  Other revenue                                           |   |                   | 12,935  |   |   |   | 10,533 |   |
|  Moving and Storage revenue                              |   | $                      | 535,158 |   |   | $ | 479,673 |   |

|                                       |   | Quarter Ended June 30,                |   |
|--------------------------------------------|--------|---------------------------------------|--------|
|                                       |   | 2010                                  |   |   | 2009 |   |
|                                       |   | (Unaudited)                           |   |
|                                       |   | (In thousands, except occupancy rate) |   |
| Room count as of June 30                   |   |                                  | 146    |   |   |   | 139 |   |
| Square footage as of June 30               |   |                                  | 11,864 |   |   |   | 11,272 |   |
| Average number of rooms occupied           |   |                                  | 110    |   |   |   | 105 |   |
| Average occupancy rate based on room count |   |                                  | 75.8   | % |   |   | 75.9 | % |
| Average square footage occupied            |   |                                  | 9,220  |   |   |   | 8,697 |   |

----

----

|                      |   | Moving & Storage |      |   | Property and Casualty Insurance (a) |   |    | Life Insurance (a) |   |
|---------------------------|--------|----------------------|-----------|--------|-------------------------------------|--------|---------|--------------------|--------|
|                      |   | (Unaudited)          |      |
|                      |   | (In thousands)       |      |
| Cash and cash equivalents |   | $                    | 254,776   |   |                                | $      | 20,388  |               |   | $ | 12,950 |   |
| Other financial assets    |   |                 | 362,577   |   |                                |   | 376,005 |               |   |   | 568,645 |   |
| Debt obligations          |   |                 | 1,338,636 |   |                                |   | -       |               |   |   | - |   |
|                      |   |                 |      |   |                                |   |    |               |   |   |   |   |
| (a) As of March 31, 2010  |   |                 |      |   |                                |   |    |               |   |   |   |   |

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Item 3.

|           | Notional Amount                  |   | Fair Value |   | Effective Date |   | Expiration Date |   | Fixed Rate |   | Floating Rate |
|----------------|----------------------------------|--------|------------|--------|----------------|--------|-----------------|--------|------------|--------|---------------|
| (Unaudited)    |
| (In thousands) |
|           |                             |   |       |   |           |   |            |   |       |   |          |   |   |
| $              | 63,444                           |   | (a), (b)   |   | (4,014)        |   | 5/10/2006       |   | 4/10/2012  |   | 5.06%         |   | 1 Month LIBOR |
|           | 65,073                           |   | (a), (b)   |   | (5,520)        |   | 10/10/2006      |   | 10/10/2012 |   | 5.57%         |   | 1 Month LIBOR |
|           | 22,238                           |   | (a)        |   | (2,423)        |   | 7/10/2006       |   | 7/10/2013  |   | 5.67%         |   | 1 Month LIBOR |
|           |  261,667                    |   | (a)        |   |  (46,888) |   | 8/18/2006       |   | 8/10/2018  |   | 5.43%         |   | 1 Month LIBOR |
|           | 14,400                           |   | (a)        |   | (1,583)        |   | 2/12/2007       |   | 2/10/2014  |   | 5.24%         |   | 1 Month LIBOR |
|           |   9,693                |   | (a)        |   | (1,062)        |   | 3/12/2007       |   | 3/10/2014  |   | 4.99%         |   | 1 Month LIBOR |
|           |   9,700                |   | (a)        |   | (1,010)        |   | 3/12/2007       |   | 3/10/2014  |   | 4.99%         |   | 1 Month LIBOR |
|           | 13,000                           |   | (a), (b)   |   | (810)          |   | 8/15/2008       |   | 6/15/2015  |   | 3.62%         |   | 1 Month LIBOR |
|           | 13,775                           |   | (a)        |   | (985)          |   | 8/29/2008       |   | 7/10/2015  |   | 4.04%         |   | 1 Month LIBOR |
|           | 20,611                           |   | (a)        |   | (1,687)        |   | 9/30/2008       |   | 9/10/2015  |   | 4.16%         |   | 1 Month LIBOR |
|           | 11,625                           |   | (a), (b)   |   | (160)          |   | 3/30/2009       |   | 4/15/2016  |   | 2.24%         |   | 1 Month LIBOR |
|           |                             |   |       |   |           |   |            |   |       |   |          |   |   |
|           | (a) interest rate swap agreement |
|           | (b) forward swap                 |

Item 4. 

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Item 1.

Item 1A

Item 2.

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Item 3.

Item 4.

Item 5

Item 6.

| Exhibit Number |   |  Description                                                                                                                                          |   |  Page or Method of Filing                                                                                              |
|----------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------|
| 3.1            |   | Restated Articles of Incorporation of AMERCO                                                                                                               |   | Incorporated by reference to AMERCO’s Registration Statement on form S-4 filed March 30, 2004, file no. 1-11255  |
| 3.2            |   | Restated By-Laws of AMERCO                                                                                                                                 |   | Incorporated by reference to AMERCO’s Current Report on Form 8-K filed on December 5, 2007, file no. 1-11255     |
| 31.1           |   | Rule 13a-14(a)/15d-14(a) Certificate of Edward J. Shoen, President and Chairman of the Board of AMERCO                                                |   | Filed herewith                                                                                                              |
| 31.2           |   | Rule 13a-14(a)/15d-14(a) Certificate of Jason A. Berg, Principal Financial Officer and Chief Accounting Officer of AMERCO                             |   | Filed herewith                                                                                                              |
| 32.1           |   | Certificate of Edward J. Shoen, President and Chairman of the Board of AMERCO pursuant to Section 906 of the Sarbanes-Oxley Act of 2002               |   | Furnished herewith                                                                                                          |
| 32.2           |   | Certificate of Jason A. Berg, Principal Financial Officer and Chief Accounting Officer of AMERCO pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |   | Furnished herewith                                                                                                          |

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