|   | 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 Incorporation,Address 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 September 30, 2009 (unaudited) and March 31, 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 1             |
|     | b)Condensed Consolidated Statements of Operations for the Quarters ended September 30, 2009 and 2008 (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 2             |
|     | c)Condensed Consolidated Statements of Operations for the Six Months ended September 30, 2009 and 2008 (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 3             |
|     | d)Condensed Consolidated Statements of Comprehensive Income for the Quarters and the Six Months ended September 30, 2009 and 2008 (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 4             |
|     | e)Condensed Consolidated Statements of Cash Flows for the Six Months ended September 30, 2009 and 2008 (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 5             |
|     | f)Notes to Condensed Consolidated Financial Statements (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 6 – 36  |
| Item 2.  | Management’s Discussion and Analysis of Financial Condition and Results of Operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 37 – 54 |
| Item 3.  | Quantitative and Qualitative Disclosures About Market Risk                                                                                                                  | 55            |
| Item 4.  | Controls and Procedures                                                                                                                                                     | 56            |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |          |
|     | PART II OTHER INFORMATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |          |
| Item 1.  | Legal Proceedings                                                                                                                                                           | 57            |
| Item 1A. | Risk Factors                                                                                                                                                                | 57            |
| Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                                 | 57            |
| Item 3.  | Defaults Upon Senior Securities                                                                                                                                             | 57            |
| Item 4.  | Submission of Matters to a Vote of Security Holders                                                                                                                         | 57            |
| Item 5.  | Other Information                                                                                                                                                           | 58            |
| Item 6.  | Exhibits                                                                                                                                                                    | 58            |

----

CONDENSED CONSOLIDATED BALANCE SHEETS

|                                                                                             |   | September 30,  |       |   | March 31, |   |
|--------------------------------------------------------------------------------------------------|--------|----------------|------------|--------|-----------|--------|
|                                                                                             |   | 2009           |       |   | 2009      |   |
|                                                                                             |   | (Unaudited)    |       |   |      |   |
|                                                                                             |   | (In thousands) |       |
| ASSETS                                                                                           |   |           |       |   |      |   |
| Cash and cash equivalents                                                                        |   | $              | 384,951    |   |      | $      | 240,587 |   |
| Reinsurance recoverables and trade receivables, net                                              |   |           | 201,539    |   |      |   | 213,853 |   |
| Notes and mortgage receivables, net                                                              |   |           | 2,897      |   |      |   | 2,931 |   |
| Inventories, net                                                                                 |   |           | 62,071     |   |      |   | 70,749 |   |
| Prepaid expenses                                                                                 |   |           | 57,598     |   |      |   | 54,201 |   |
| Investments, fixed maturities and marketable equities                                            |   |           | 523,400    |   |      |   | 519,631 |   |
| Investments, other                                                                               |   |           | 208,529    |   |      |   | 227,022 |   |
| Deferred policy acquisition costs, net                                                           |   |           | 40,967     |   |      |   | 44,993 |   |
| Other assets                                                                                     |   |           | 126,500    |   |      |   | 133,644 |   |
| Related party assets                                                                             |   |           | 296,766    |   |      |   | 303,534 |   |
|                                                                                             |   |           | 1,905,218  |   |      |   | 1,811,145 |   |
| Property, plant and equipment, at cost:                                                          |   |           |       |   |      |   |   |   |
| Land                                                                                             |   |           | 223,566    |   |      |   | 212,744 |   |
| Buildings and improvements                                                                       |   |           | 944,760    |   |      |   | 920,294 |   |
| Furniture and equipment                                                                          |   |           | 332,937    |   |      |   | 333,314 |   |
| Rental trailers and other rental equipment                                                       |   |           | 235,418    |   |      |   | 214,988 |   |
| Rental trucks                                                                                    |   |           | 1,627,140  |   |      |   | 1,666,151 |   |
|                                                                                             |   |           | 3,363,821  |   |      |   | 3,347,491 |   |
| Less: Accumulated depreciation                                                                   |   |           | (1,339,135 | )      |      |   | (1,333,563 | ) |
| Total property, plant and equipment                                                              |   |           | 2,024,686  |   |      |   | 2,013,928 |   |
| Total assets                                                                                     |   | $              | 3,929,904  |   |      | $      | 3,825,073 |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                             |   |           |       |   |      |   |   |   |
| Liabilities:                                                                                     |   |           |       |   |      |   |   |   |
| Accounts payable and accrued expenses                                                            |   | $              | 308,988    |   |      | $      | 329,227 |   |
| Notes, loans and leases payable                                                                  |   |           | 1,549,425  |   |      |   | 1,546,490 |   |
| Policy benefits and losses, claims and loss expenses payable                                     |   |           | 793,462    |   |      |   | 779,309 |   |
| Liabilities from investment contracts                                                            |   |           | 280,479    |   |      |   | 303,332 |   |
| Other policyholders' funds and liabilities                                                       |   |           | 8,649      |   |      |   | 11,961 |   |
| Deferred income                                                                                  |   |           | 22,826     |   |      |   | 24,612 |   |
| Deferred income taxes                                                                            |   |           | 162,058    |   |      |   | 112,513 |   |
| Total liabilities                                                                                |   |           | 3,125,887  |   |      |   | 3,107,444 |   |
|                                                                                             |   |           |       |   |      |   |   |   |
| 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;                        |   |           |       |   |      |   |   |   |
| 6,033,900 and 6,100,000 shares issued and outstanding as of September 30 and March 31, 2009      |   |           | -          |   |      |   | - |   |
| Series B preferred stock, with no par value, 100,000 shares authorized; none                     |   |           |       |   |      |   |   |   |
| issued and outstanding as of September 30 and March 31, 2009                                     |   |           | -          |   |      |   | - |   |
| 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 September 30 and March 31, 2009                                |   |           | -          |   |      |   | - |   |
| Common stock of $0.25 par value, 150,000,000 shares authorized; 41,985,700                       |   |           |       |   |      |   |   |   |
| issued as of September 30 and March 31, 2009                                                     |   |           | 10,497     |   |      |   | 10,497 |   |
| Additional paid-in capital                                                                       |   |           | 420,029    |   |      |   | 420,588 |   |
| Accumulated other comprehensive loss                                                             |   |           | (72,627    | )      |      |   | (98,000 | ) |
| Retained earnings                                                                                |   |           | 976,903    |   |      |   | 915,862 |   |
| Cost of common shares in treasury, net (22,377,912 shares as of September 30 and March 31, 2009) |   |           | (525,653   | )      |      |   | (525,653 | ) |
| Unearned employee stock ownership plan shares                                                    |   |           | (5,132     | )      |      |   | (5,665 | ) |
| Total stockholders' equity                                                                       |   |           | 804,017    |   |      |   | 717,629 |   |
| Total liabilities and stockholders' equity                                                       |   | $              | 3,929,904  |   |      | $      | 3,825,073 |   |

----

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

|                                                              |   | Quarter Ended September 30,                        |       |
|-------------------------------------------------------------------|--------|----------------------------------------------------|------------|
|                                                              |   | 2009                                               |       |   | 2008 |   |
|                                                              |   | (Unaudited)                                        |       |
|                                                              |   | (In thousands, except share and per share amounts) |       |
| Revenues:                                                         |   |                                               |       |   |   |   |
| Self-moving equipment rentals                                     |   | $                                                  | 427,203    |   |   | $ | 439,244 |   |
| Self-storage revenues                                             |   |                                               | 27,412     |   |   |   | 27,901 |   |
| Self-moving and self-storage products and service sales           |   |                                               | 55,522     |   |   |   | 58,296 |   |
| Property management fees                                          |   |                                               | 4,478      |   |   |   | 4,721 |   |
| Life insurance premiums                                           |   |                                               | 28,738     |   |   |   | 27,099 |   |
| Property and casualty insurance premiums                          |   |                                               | 7,046      |   |   |   | 7,359 |   |
| Net investment and interest income                                |   |                                               | 12,539     |   |   |   | 14,983 |   |
| Other revenue                                                     |   |                                               | 10,986     |   |   |   | 11,892 |   |
| Total revenues                                                    |   |                                               | 573,924    |   |   |   | 591,495 |   |
|                                                              |   |                                               |       |   |   |   |   |   |
| Costs and expenses:                                               |   |                                               |       |   |   |   |   |   |
| Operating expenses                                                |   |                                               | 273,730    |   |   |   | 277,090 |   |
| Commission expenses                                               |   |                                               | 51,098     |   |   |   | 54,082 |   |
| Cost of sales                                                     |   |                                               | 28,359     |   |   |   | 32,642 |   |
| Benefits and losses                                               |   |                                               | 25,807     |   |   |   | 24,871 |   |
| Amortization of deferred policy acquisition costs                 |   |                                               | 2,296      |   |   |   | 2,338 |   |
| Lease expense                                                     |   |                                               | 40,026     |   |   |   | 38,516 |   |
| Depreciation, net of (gains) losses on disposals                  |   |                                               | 56,790     |   |   |   | 66,434 |   |
| Total costs and expenses                                          |   |                                               | 478,106    |   |   |   | 495,973 |   |
|                                                              |   |                                               |       |   |   |   |   |   |
| Earnings from operations                                          |   |                                               | 95,818     |   |   |   | 95,522 |   |
| Interest expense                                                  |   |                                               | (23,938    | ) |   |   | (24,930 | ) |
| Pretax earnings                                                   |   |                                               | 71,880     |   |   |   | 70,592 |   |
| Income tax expense                                                |   |                                               | (27,189    | ) |   |   | (26,768 | ) |
| Net earnings                                                      |   |                                               | 44,691     |   |   |   | 43,824 |   |
| Excess carrying amount of preferred stock over consideration paid |   |                                               | 48         |   |   |   | - |   |
| Less: Preferred stock dividends                                   |   |                                               | (3,212     | ) |   |   | (3,241 | ) |
| Earnings available to common shareholders                         |   | $                                                  | 41,527     |   |   | $ | 40,583 |   |
| Basic and diluted earnings per common share                       |   | $                                                  | 2.14       |   |   | $ | 2.10 |   |
| Weighted average common shares outstanding: Basic and diluted     |   |                                               | 19,382,101 |   |   |   | 19,351,322 |   |

----

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

|                                                              |   | Six Months Ended September 30,                     |       |
|-------------------------------------------------------------------|--------|----------------------------------------------------|------------|
|                                                              |   | 2009                                               |       |   | 2008 |   |
|                                                              |   | (Unaudited)                                        |       |
|                                                              |   | (In thousands, except share and per share amounts) |       |
| Revenues:                                                         |   |                                               |       |   |   |   |
| Self-moving equipment rentals                                     |   | $                                                  | 800,144    |   |   | $ | 829,273 |   |
| Self-storage revenues                                             |   |                                               | 54,416     |   |   |   | 55,452 |   |
| Self-moving and self-storage products and service sales           |   |                                               | 113,344    |   |   |   | 120,852 |   |
| Property management fees                                          |   |                                               | 8,928      |   |   |   | 9,437 |   |
| Life insurance premiums                                           |   |                                               | 56,342     |   |   |   | 54,016 |   |
| Property and casualty insurance premiums                          |   |                                               | 13,261     |   |   |   | 13,483 |   |
| Net investment and interest income                                |   |                                               | 26,219     |   |   |   | 29,579 |   |
| Other revenue                                                     |   |                                               | 21,929     |   |   |   | 22,197 |   |
| Total revenues                                                    |   |                                               | 1,094,583  |   |   |   | 1,134,289 |   |
|                                                              |   |                                               |       |   |   |   |   |   |
| Costs and expenses:                                               |   |                                               |       |   |   |   |   |   |
| Operating expenses                                                |   |                                               | 532,231    |   |   |   | 538,803 |   |
| Commission expenses                                               |   |                                               | 95,509     |   |   |   | 102,047 |   |
| Cost of sales                                                     |   |                                               | 58,809     |   |   |   | 67,627 |   |
| Benefits and losses                                               |   |                                               | 53,501     |   |   |   | 49,746 |   |
| Amortization of deferred policy acquisition costs                 |   |                                               | 4,213      |   |   |   | 4,426 |   |
| Lease expense                                                     |   |                                               | 79,299     |   |   |   | 73,084 |   |
| Depreciation, net of (gains) losses on disposals                  |   |                                               | 116,007    |   |   |   | 131,372 |   |
| Total costs and expenses                                          |   |                                               | 939,569    |   |   |   | 967,105 |   |
|                                                              |   |                                               |       |   |   |   |   |   |
| Earnings from operations                                          |   |                                               | 155,014    |   |   |   | 167,184 |   |
| Interest expense                                                  |   |                                               | (47,159    | ) |   |   | (48,774 | ) |
| Pretax earnings                                                   |   |                                               | 107,855    |   |   |   | 118,410 |   |
| Income tax expense                                                |   |                                               | (40,732    | ) |   |   | (44,760 | ) |
| Net earnings                                                      |   |                                               | 67,123     |   |   |   | 73,650 |   |
| Excess carrying amount of preferred stock over consideration paid |   |                                               | 371        |   |   |   | - |   |
| Less: Preferred stock dividends                                   |   |                                               | (6,453     | ) |   |   | (6,482 | ) |
| Earnings available to common shareholders                         |   | $                                                  | 61,041     |   |   | $ | 67,168 |   |
| Basic and diluted earnings per common share                       |   | $                                                  | 3.15       |   |   | $ | 3.47 |   |
| Weighted average common shares outstanding: Basic and diluted     |   |                                               | 19,375,846 |   |   |   | 19,346,943 |   |

----

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

|                                           |   | Quarter Ended September 30, |   |
|------------------------------------------------|--------|-----------------------------|--------|
|                                           |   | 2009                        |   |   | 2008 |   |
|                                           |   | (Unaudited)                 |   |
|                                           |   | (In thousands)              |   |
| Comprehensive income:                          |   |                        |   |   |   |   |
| Net earnings                                   |   | $                           | 44,691 |   |   | $ | 43,824 |   |
| Other comprehensive income (loss), net of tax: |   |                        |   |   |   |   |   |   |
| Foreign currency translation                   |   |                        | 5,674  |   |   |   | (3,475 | ) |
| Unrealized gain (loss) on investments          |   |                        | 8,319  |   |   |   | (4,152 | ) |
| Change in fair value of cash flow hedges       |   |                        | (3,345 | ) |   |   | (1,968 | ) |
| Total comprehensive income                     |   | $                           | 55,339 |   |   | $ | 34,229 |   |

|                                           |   | Six Months Ended September 30, |   |
|------------------------------------------------|--------|--------------------------------|--------|
|                                           |   | 2009                           |   |   | 2008 |   |
|                                           |   | (Unaudited)                    |   |
|                                           |   | (In thousands)                 |   |
| Comprehensive income:                          |   |                           |   |   |   |   |
| Net earnings                                   |   | $                              | 67,123 |   |   | $ | 73,650 |   |
| Other comprehensive income (loss), net of tax: |   |                           |   |   |   |   |   |   |
| Foreign currency translation                   |   |                           | 9,903  |   |   |   | (2,293 | ) |
| Unrealized gain (loss) on investments          |   |                           | 4,946  |   |   |   | (3,674 | ) |
| Change in fair value of cash flow hedges       |   |                           | 10,524 |   |   |   | 11,427 |   |
| Total comprehensive income                     |   | $                              | 92,496 |   |   | $ | 79,110 |   |

----

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

|                                                                        |   | Six Months Ended September 30, |     |
|-----------------------------------------------------------------------------|--------|--------------------------------|----------|
|                                                                        |   | 2009                           |     |   | 2008 |   |
|                                                                        |   | (Unaudited)                    |     |
|                                                                        |   | (In thousands)                 |     |
|  Cash flow from operating activities:                                  |   |                           |     |   |   |   |
|  Net earnings                                                          |   | $                              | 67,123   |   |   | $ | 73,650 |   |
|  Adjustments to reconcile net earnings to cash provided by operations: |   |                           |     |   |   |   |   |   |
|  Depreciation                                                          |   |                           | 117,779  |   |   |   | 121,920 |   |
|  Amortization of deferred policy acquisition costs                     |   |                           | 4,213    |   |   |   | 4,426 |   |
|  Change in allowance for losses on trade receivables                   |   |                           | 397      |   |   |   | (46 | ) |
|  Change in allowance for losses on mortgage notes                      |   |                           | (6       | ) |   |   | (20 | ) |
|  Change in allowance for inventory reserves                            |   |                           | 1,344    |   |   |   | 857 |   |
|  Net (gain) loss on sale of real and personal property                 |   |                           | (1,772   | ) |   |   | 9,452 |   |
|  Net (gain) loss on sale of investments                                |   |                           | (401     | ) |   |   | 1 |   |
|  Deferred income taxes                                                 |   |                           | 40,431   |   |   |   | 41,989 |   |
|  Net change in other operating assets and liabilities:                 |   |                           |     |   |   |   |   |   |
| Reinsurance recoverables and trade receivables                              |   |                           | 11,917   |   |   |   | 6,368 |   |
| Inventories                                                                 |   |                           | 7,334    |   |   |   | (12,856 | ) |
| Prepaid expenses                                                            |   |                           | (3,397   | ) |   |   | (1,762 | ) |
| Capitalization of deferred policy acquisition costs                         |   |                           | (6,533   | ) |   |   | (4,887 | ) |
| Other assets                                                                |   |                           | 7,467    |   |   |   | 8,315 |   |
| Related party assets                                                        |   |                           | 7,481    |   |   |   | 11,249 |   |
| Accounts payable and accrued expenses                                       |   |                           | (5,893   | ) |   |   | 1,439 |   |
| Policy benefits and losses, claims and loss expenses payable                |   |                           | 11,991   |   |   |   | (12,817 | ) |
| Other policyholders' funds and liabilities                                  |   |                           | (3,311   | ) |   |   | (746 | ) |
| Deferred income                                                             |   |                           | (1,946   | ) |   |   | 539 |   |
| Related party liabilities                                                   |   |                           | (551     | ) |   |   | (1,639 | ) |
|  Net cash provided by operating activities                             |   |                           | 253,667  |   |   |   | 245,432 |   |
|                                                                        |   |                           |     |   |   |   |   |   |
|  Cash flows from investing activities:                                 |   |                           |     |   |   |   |   |   |
|  Purchases of:                                                         |   |                           |     |   |   |   |   |   |
| Property, plant and equipment                                               |   |                           | (187,506 | ) |   |   | (224,996 | ) |
| Short term investments                                                      |   |                           | (144,306 | ) |   |   | (216,353 | ) |
| Fixed maturities investments                                                |   |                           | (77,106  | ) |   |   | (115,124 | ) |
| Preferred stock                                                             |   |                           | -        |   |   |   | (2,001 | ) |
| Real estate                                                                 |   |                           | (466     | ) |   |   | (350 | ) |
| Mortgage loans                                                              |   |                           | (525     | ) |   |   | (9,311 | ) |
|  Proceeds from sale of:                                                |   |                           |     |   |   |   |   |   |
| Property, plant and equipment                                               |   |                           | 100,621  |   |   |   | 80,805 |   |
| Short term investments                                                      |   |                           | 159,307  |   |   |   | 182,399 |   |
| Fixed maturities investments                                                |   |                           | 83,667   |   |   |   | 173,670 |   |
| Equity securities                                                           |   |                           | -        |   |   |   | 27 |   |
| Preferred stock                                                             |   |                           | 2,236    |   |   |   | - |   |
| Real estate                                                                 |   |                           | -        |   |   |   | 704 |   |
| Mortgage loans                                                              |   |                           | 4,053    |   |   |   | 2,822 |   |
| Payments from notes and mortgage receivables                                |   |                           | 464      |   |   |   | 24 |   |
|  Net cash used by investing activities                                 |   |                           | (59,561  | ) |   |   | (127,684 | ) |
|                                                                        |   |                           |     |   |   |   |   |   |
|  Cash flows from financing activities:                                 |   |                           |     |   |   |   |   |   |
| Borrowings from credit facilities                                           |   |                           | 51,921   |   |   |   | 135,330 |   |
| Principal repayments on credit facilities                                   |   |                           | (72,695  | ) |   |   | (74,320 | ) |
| Debt issuance costs                                                         |   |                           | (277     | ) |   |   | (360 | ) |
| Capital lease payments                                                      |   |                           | (1,168   | ) |   |   | (348 | ) |
| Leveraged Employee Stock Ownership Plan - repayments from loan              |   |                           | 533      |   |   |   | 631 |   |
| Repurchase of stock                                                         |   |                           | -        |   |   |   | (659 | ) |
| Preferred stock dividends paid                                              |   |                           | (6,453   | ) |   |   | (6,482 | ) |
| Net dividend from related party                                             |   |                           | -        |   |   |   | 2,010 |   |
| Investment contract deposits                                                |   |                           | 5,564    |   |   |   | 9,561 |   |
| Investment contract withdrawals                                             |   |                           | (28,417  | ) |   |   | (26,921 | ) |
|  Net cash provided (used) by financing activities                      |   |                           | (50,992  | ) |   |   | 38,442 |   |
|                                                                        |   |                           |     |   |   |   |   |   |
|  Effects of exchange rate on cash                                      |   |                           | 1,250    |   |   |   | 318 |   |
|                                                                        |   |                           |     |   |   |   |   |   |
|  Increase in cash and cash equivalents                                 |   |                           | 144,364  |   |   |   | 156,508 |   |
|  Cash and cash equivalents at the beginning of period                  |   |                           | 240,587  |   |   |   | 206,622 |   |
|  Cash and cash equivalents at the end of period                        |   | $                              | 384,951  |   |   | $ | 363,130 |   |

----

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED

----

----

|                                                |   | AmortizedCost  |    |   | GrossUnrealizedGains |   |   | GrossUnrealizedLosses More than 12 Months |   |   | GrossUnrealizedLosses Less than 12 Months |   |   | EstimatedMarketValue |   |
|-----------------------------------------------------|--------|----------------|---------|--------|----------------------|--------|--------|-------------------------------------------|--------|--------|-------------------------------------------|--------|--------|----------------------|--------|
|                                                |   | (Unaudited)    |    |
|                                                |   | (In thousands) |    |
| U.S. treasury securities and government obligations |   | $              | 57,955  |   |                 | $      | 2,229  |                                      |   | $      | (71                                       | )      |   | $                    | (56    | ) |   | $ | 60,057 |   |
| U.S. government agency mortgage-backed securities   |   |           | 93,215  |   |                 |   | 4,500  |                                      |   |   | (7                                        | )      |   |                 | -      |   |   |   | 97,708 |   |
| Obligations of states and political subdivisions    |   |           | 14,977  |   |                 |   | 157    |                                      |   |   | (251                                      | )      |   |                 | (597   | ) |   |   | 14,286 |   |
| Corporate securities                                |   |           | 332,845 |   |                 |   | 7,259  |                                      |   |   | (10,403                                   | )      |   |                 | (2,131 | ) |   |   | 327,570 |   |
| Mortgage-backed securities                          |   |           | 11,035  |   |                 |   | 161    |                                      |   |   | (1,318                                    | )      |   |                 | -      |   |   |   | 9,878 |   |
| Redeemable preferred stocks                         |   |           | 19,335  |   |                 |   | 334    |                                      |   |   | (4,233                                    | )      |   |                 | (44    | ) |   |   | 15,392 |   |
| Common stocks                                       |   |           | 70      |   |                 |   | -      |                                      |   |   | -                                         |   |   |                 | (60    | ) |   |   | 10 |   |
| Less: Preferred stock of AMERCO held by RepWest     |   |           | (1,216  | )      |                 |   | (285   | )                                         |   |   | -                                         |   |   |                 | -      |   |   |   | (1,501 | ) |
|                                                |   | $              | 528,216 |   |                 | $      | 14,355 |                                      |   | $      | (16,283                                   | )      |   | $                    | (2,888 | ) |   | $ | 523,400 |   |

----

|                                                      |   | Credit Loss    |   |
|-----------------------------------------------------------|--------|----------------|--------|
|                                                      |   | (Unaudited)    |   |
|                                                      |   | (In thousands) |   |
| Balance at March 31, 2009                                 |   | $              | 109    |   |
| Additions:                                                |   |           |   |   |
| Other-than-temporary impairment not previously recognized |   |           | 322    |   |
| Balance at June 30, 2009                                  |   | $              | 431    |   |

|                                            |   | AmortizedCost  |    |   | EstimatedMarketValue |   |
|-------------------------------------------------|--------|----------------|---------|--------|----------------------|--------|
|                                            |   | (Unaudited)    |    |
|                                            |   | (In thousands) |    |
| Due in one year or less                         |   | $              | 43,910  |   |                 | $      | 43,729 |   |
| Due after one year through five years           |   |           | 161,406 |   |                 |   | 163,361 |   |
| Due after five years through ten years          |   |           | 87,300  |   |                 |   | 88,195 |   |
| After ten years                                 |   |           | 206,376 |   |                 |   | 204,336 |   |
|                                            |   |           | 498,992 |   |                 |   | 499,621 |   |
|                                            |   |           |    |   |                 |   |   |   |
| Mortgage backed securities                      |   |           | 11,035  |   |                 |   | 9,878 |   |
| Redeemable preferred stocks                     |   |           | 19,335  |   |                 |   | 15,392 |   |
| Equity securities                               |   |           | 70      |   |                 |   | 10 |   |
| Less: Preferred stock of AMERCO held by RepWest |   |           | (1,216  | )      |                 |   | (1,501 | ) |
|                                            |   | $              | 528,216 |   |                 | $      | 523,400 |   |

----

|                                                                                                |   |          |         |   |       |   |      | September 30,  |   |   | March 31, |      |
|-----------------------------------------------------------------------------------------------------|--------|---------------|--------------|--------|------------|--------|-----------|----------------|--------|--------|-----------|-----------|
|                                                                                                |   | 2010 Rate (a) |         |   | Maturities |   |      | 2009           |   |   | 2009      |      |
|                                                                                                |   |          |         |   |       |   |      | (Unaudited)    |   |   |      |      |
|                                                                                                |   |          |         |   |       |   |      | (In thousands) |   |
|                                                                                                |   |          |         |   |       |   |      |           |   |   |      |      |
| Real estate loan (amortizing term)                                                                  |   |          | 6.93         | %      |       |   | 2018      |           |   | $      | 270,000   |      |   | $ | 275,000 |   |
| Real estate loan (revolving credit)                                                                 |   |          | 1.75         | %      |       |   | 2018      |           |   |   | 170,000   |      |   |   | 170,000 |   |
| Real estate loan (amortizing term) (b)                                                              |   |          | 5.00         | %      |       |   | 2010      |           |   |   | 32,409    |      |   |   | 37,280 |   |
| Senior mortgages                                                                                    |   |          | 5.47% - 5.75 | %      |       |   | 2015      |           |   |   | 491,761   |      |   |   | 496,156 |   |
| Working capital loan (revolving credit)                                                             |   |          | 1.76         | %      |       |   | 2010      |           |   |   | 25,000    |      |   |   | - |   |
| Fleet loans (amortizing term)                                                                       |   |          | 4.87% - 7.95 | %      |       |   | 2012-2016 |           |   |   | 284,753   |      |   |   | 299,505 |   |
| Fleet loans (securitization)                                                                        |   |          | 5.40% - 5.56 | %      |       |   | 2010-2014 |           |   |   | 237,942   |      |   |   | 256,690 |   |
| Other obligations                                                                                   |   |          | 5.64% - 9.50 | %      |       |   | 2010-2016 |           |   |   | 37,560    |      |   |   | 11,859 |   |
| Total notes, loans and leases payable                                                          |   |          |         |   |       |   | $         | 1,549,425      |   |   | $         | 1,546,490 |   |
|                                                                                                |   |          |         |   |       |   |      |           |   |   |      |      |   |   |   |   |
| (a) Interest rate as of September 30, 2009, including the effect of applicable hedging instruments. |   |          |         |   |       |
| (b) Revolving credit loan for March 31, 2009 was modified to an amortizing term loan in June 2009.  |   |          |         |   |       |

----

----

|                                     |   | Year Ending September 30, |    |
|------------------------------------------|--------|---------------------------|---------|
|                                     |   | 2010                      |    |   | 2011 |   |   | 2012 |   |   | 2013 |   |   | 2014 |   |   | Thereafter |   |
|                                     |   | (Unaudited)               |    |
|                                     |   | (In thousands)            |    |
| Notes, loans and leases payable, secured |   | $                         | 206,415 |   |   | $ | 106,653 |   |   | $ | 142,516 |   |   | $ | 87,341 |   |   | $ | 153,420 |   |   | $ | 853,080 |   |

----

|                                        |   | Quarter Ended September 30, |   |
|---------------------------------------------|--------|-----------------------------|--------|
|                                        |   | 2009                        |   |   | 2008 |   |
|                                        |   | (Unaudited)                 |   |
|                                        |   | (In thousands)              |   |
|                                        |   |                        |   |   |   |   |
| Interest expense                            |   | $                           | 16,217 |   |   | $ | 20,002 |   |
| Capitalized interest                        |   |                        | (142   | ) |   |   | (135 | ) |
| Amortization of transaction costs           |   |                        | 1,224  |   |   |   | 1,231 |   |
| Interest expense resulting from derivatives |   |                        | 6,639  |   |   |   | 3,832 |   |
| Total interest expense                      |   | $                           | 23,938 |   |   | $ | 24,930 |   |

|                                        |   | Six Months Ended September 30, |   |
|---------------------------------------------|--------|--------------------------------|--------|
|                                        |   | 2009                           |   |   | 2008 |   |
|                                        |   | (Unaudited)                    |   |
|                                        |   | (In thousands)                 |   |
|                                        |   |                           |   |   |   |   |
| Interest expense                            |   | $                              | 32,276 |   |   | $ | 39,589 |   |
| Capitalized interest                        |   |                           | (293   | ) |   |   | (245 | ) |
| Amortization of transaction costs           |   |                           | 2,409  |   |   |   | 2,510 |   |
| Interest expense resulting from derivatives |   |                           | 12,767 |   |   |   | 6,920 |   |
| Total interest expense                      |   | $                              | 47,159 |   |   | $ | 48,774 |   |

----

| Variable rate debt amount              |   | Agreement Date |     | Effective Date |       | Expiration Date |       | Designated cash flow hedge date |
|----------------------------------------|--------|----------------|----------|----------------|------------|-----------------|------------|---------------------------------|
| (Unaudited)                            |
| (In millions)                          |
| $                                      | 100.0  |           | (a), (c) |           | 6/2/2005   |            | 6/8/2005   |                            | 6/8/2010 |   | 7/1/2005 |
|                                   | 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                       |   |           |     |           |       |            |
| (c) terminated swap on August 18, 2006 |   |           |     |           |       |            |

----

|                                                      |   | Liability Derivatives |   |
|-----------------------------------------------------------|--------|-----------------------|--------|
|                                                      |   | Fair Value as of      |   |
|                                                      |   | September 30, 2009    |   |   | March 31, 2009 |   |
|                                                      |   | (Unaudited)           |   |   |   |   |
|                                                      |   | (In thousands)        |   |
|                                                      |   |                  |   |
| Interest rate contracts designated as hedging instruments |   | $                     | 61,310 |   |   | $ | 79,118 |   |
|                                                      |   |                  |   |   |   |   |   |   |

| The Effect of Interest Rate Contracts on the Statement of Operations                                                                |   | September 30, 2009 |   |
|-------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|
|                                                                                                                                |   | (Unaudited)        |   |
|                                                                                                                                |   | (In thousands)     |   |
|                                                                                                                                |   |               |   |
| Amount of loss recognized in income on interest rate contracts                                                                      |   | $                  | 12,767 |   |
| Amount of gain recognized in AOCI on interest rate contracts (effective portion)                                                    |   | $                  | 16,973 |   |
| Amount of loss reclassified from AOCI into income (effective portion)                                                               |   | $                  | 13,602 |   |
| Amount of gain recognized in income on interest rate contracts (ineffective portion and amount excluded from effectiveness testing) |   | $                  | 835    |   |

|                                              |   | Revolving Credit Activity             |    |
|---------------------------------------------------|--------|---------------------------------------|---------|
|                                              |   | Quarter Ended September 30,           |    |
|                                              |   | 2009                                  |    |   | 2008 |   |
|                                              |   | (Unaudited)                           |    |
|                                              |   | (In thousands, except interest rates) |    |
|                                              |   |                                  |    |   |   |   |
| Weighted average interest rate during the quarter |   |                                  | 1.78    | % |   |   | 4.02 | % |
| Interest rate at the end of the quarter           |   |                                  | 1.75    | % |   |   | 3.99 | % |
| Maximum amount outstanding during the quarter     |   | $                                     | 195,000 |   |   | $ | 182,280 |   |
| Average amount outstanding during the quarter     |   | $                                     | 186,033 |   |   | $ | 169,780 |   |
| Facility fees                                     |   | $                                     | 238     |   |   | $ | 98 |   |

----

|                                                       |   | Revolving Credit Activity             |    |
|------------------------------------------------------------|--------|---------------------------------------|---------|
|                                                       |   | Six Months Ended September 30,        |    |
|                                                       |   | 2009                                  |    |   | 2008 |   |
|                                                       |   | (Unaudited)                           |    |
|                                                       |   | (In thousands, except interest rates) |    |
|                                                       |   |                                  |    |   |   |   |
| Weighted average interest rate during the first six months |   |                                  | 1.84    | % |   |   | 4.14 | % |
| Interest rate at the end of the first six months           |   |                                  | 1.75    | % |   |   | 3.99 | % |
| Maximum amount outstanding during the first six months     |   | $                                     | 207,280 |   |   | $ | 182,280 |   |
| Average amount outstanding during the first six months     |   | $                                     | 195,580 |   |   | $ | 149,071 |   |
| Facility fees                                              |   | $                                     | 480     |   |   | $ | 172 |   |

|                                     |   | Foreign Currency Translation |    |   | Unrealized Gain (Loss) 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, 2009                |   | $                            | (43,613 | )      |                                  | $      | (7,323 | )                                     |   | $      | (48,411                                | )      |   | $                                             | 1,347  |   |   | $ | (98,000 | ) |
| Foreign currency translation             |   |                         | 9,903   |   |                                  |   | -      |                                  |   |   | -                                      |   |   |                                          | -      |   |   |   | 9,903 |   |
| Unrealized gain on investments           |   |                         | -       |   |                                  |   | 4,946  |                                  |   |   | -                                      |   |   |                                          | -      |   |   |   | 4,946 |   |
| Change in fair value of cash flow hedges |   |                         | -       |   |                                  |   | -      |                                  |   |   | 10,524                                 |   |   |                                          | -      |   |   |   | 10,524 |   |
| Balance at September 30, 2009            |   | $                            | (33,710 | )      |                                  | $      | (2,377 | )                                     |   | $      | (37,887                                | )      |   | $                                             | 1,347  |   |   | $ | (72,627 | ) |

----

|                     |   | Property,Plant andEquipment |   |   | RentalEquipment |   |    | Total  |   |
|--------------------------|--------|-----------------------------|--------|--------|-----------------|--------|---------|--------|--------|
|                     |   | (Unaudited)                 |   |
|                     |   |                        |   |   | (In thousands)  |   |    |   |   |
| Year-ended September 30: |   |                        |   |   |            |   |    |   |   |
| 2010                     |   | $                           | 14,481 |   |            | $      | 122,711 |   |   | $ | 137,192 |   |
| 2011                     |   |                        | 14,251 |   |            |   | 107,377 |   |   |   | 121,628 |   |
| 2012                     |   |                        | 13,926 |   |            |   | 94,101  |   |   |   | 108,027 |   |
| 2013                     |   |                        | 13,220 |   |            |   | 74,518  |   |   |   | 87,738 |   |
| 2014                     |   |                        | 8,706  |   |            |   | 55,160  |   |   |   | 63,866 |   |
| Thereafter               |   |                        | 6,329  |   |            |   | 36,531  |   |   |   | 42,860 |   |
| Total                    |   | $                           | 70,913 |   |            | $      | 490,398 |   |   | $ | 561,311 |   |

----

----

----

|                                                     |   | September 30,  |    |   | March 31, |   |
|----------------------------------------------------------|--------|----------------|---------|--------|-----------|--------|
|                                                     |   | 2009           |    |   | 2009      |   |
|                                                     |   | (Unaudited)    |    |   |      |   |
|                                                     |   | (In thousands) |    |
| U-Haul notes, receivables and interest from Private Mini |   | $              | 70,230  |   |      | $      | 70,584 |   |
| U-Haul notes receivable from SAC Holdings Corporation    |   |           | 197,255 |   |      |   | 197,552 |   |
| U-Haul interest receivable from SAC Holdings Corporation |   |           | 11,467  |   |      |   | 8,815 |   |
| U-Haul receivable from SAC Holdings Corporation          |   |           | 13,051  |   |      |   | 20,517 |   |
| U-Haul receivable from Mercury                           |   |           | 4,657   |   |      |   | 6,264 |   |
| Other                                                    |   |           | 106     |   |      |   | (198 | ) |
|                                                     |   | $              | 296,766 |   |      | $      | 303,534 |   |

|   | (a) | Moving and Storage, comprised of AMERCO, U-Haul, and Real Estate and the subsidiaries of U-Haul and Real Estate, |
|--------|-----|------------------------------------------------------------------------------------------------------------------|

|   | (b) | Property and Casualty Insurance, comprised of RepWest and its subsidiaries and ARCOA, and |
|--------|-----|-------------------------------------------------------------------------------------------|

|   | (c) | 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                             |   | $                                 | 94        |   |                      | $      | 353,819 |   |   | $ | - |   |   | $ | - |   |   |   | $ | 353,913 |   |   | $ | 24,800 |   |   | $ | 6,238 |   |   | $ | - |   |   |   | $ | 384,951 |   |
| Reinsurance recoverables and trade receivables, net   |   |                              | -         |   |                      |   | 16,229 |   |   |   | 31 |   |   |   | - |   |   |   |   | 16,260 |   |   |   | 173,086 |   |   |   | 12,193 |   |   |   | - |   |   |   |   | 201,539 |   |
| Notes and mortgage receivables, net                   |   |                              | -         |   |                      |   | 2,199 |   |   |   | 698 |   |   |   | - |   |   |   |   | 2,897 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 2,897 |   |
| Inventories, net                                      |   |                              | -         |   |                      |   | 62,071 |   |   |   | - |   |   |   | - |   |   |   |   | 62,071 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 62,071 |   |
| Prepaid expenses                                      |   |                              | 2,092     |   |                      |   | 55,006 |   |   |   | 500 |   |   |   | - |   |   |   |   | 57,598 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 57,598 |   |
| Investments, fixed maturities and marketable equities |   |                              | -         |   |                      |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 93,100 |   |   |   | 431,801 |   |   |   | (1,501 | ) | (d) |   |   | 523,400 |   |
| Investments, other                                    |   |                              | -         |   |                      |   | 1,078 |   |   |   | 14,005 |   |   |   | - |   |   |   |   | 15,083 |   |   |   | 104,824 |   |   |   | 88,622 |   |   |   | - |   |   |   |   | 208,529 |   |
| Deferred policy acquisition costs, net                |   |                              | -         |   |                      |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 40,967 |   |   |   | - |   |   |   |   | 40,967 |   |
| Other assets                                          |   |                              | 9         |   |                      |   | 97,150 |   |   |   | 28,177 |   |   |   | - |   |   |   |   | 125,336 |   |   |   | 719 |   |   |   | 445 |   |   |   | - |   |   |   |   | 126,500 |   |
| Related party assets                                  |   |                              | 1,270,372 |   |                      |   | 241,026 |   |   |   | 57,453 |   |   |   | (1,270,326 | ) | (c) |   |   | 298,525 |   |   |   | 2,994 |   |   |   | - |   |   |   | (4,753 | ) | (c) |   |   | 296,766 |   |
|                                                  |   |                              | 1,272,567 |   |                      |   | 828,578 |   |   |   | 100,864 |   |   |   | (1,270,326 | ) |   |   |   | 931,683 |   |   |   | 399,523 |   |   |   | 580,266 |   |   |   | (6,254 | ) |   |   |   | 1,905,218 |   |
|                                                  |   |                              |      |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment in subsidiaries                            |   |                              | (255,894  | )      |                      |   | - |   |   |   | - |   |   |   | 571,936 |   | (b) |   |   | 316,042 |   |   |   | - |   |   |   | - |   |   |   | (316,042 | ) | (b) |   |   | - |   |
|                                                  |   |                              |      |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Property, plant and equipment, at cost:               |   |                              |      |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Land                                                  |   |                              | -         |   |                      |   | 43,187 |   |   |   | 180,379 |   |   |   | - |   |   |   |   | 223,566 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 223,566 |   |
| Buildings and improvements                            |   |                              | -         |   |                      |   | 144,458 |   |   |   | 800,302 |   |   |   | - |   |   |   |   | 944,760 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 944,760 |   |
| Furniture and equipment                               |   |                              | 260       |   |                      |   | 314,531 |   |   |   | 18,146 |   |   |   | - |   |   |   |   | 332,937 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 332,937 |   |
| Rental trailers and other rental equipment            |   |                              | -         |   |                      |   | 235,418 |   |   |   | - |   |   |   | - |   |   |   |   | 235,418 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 235,418 |   |
| Rental trucks                                         |   |                              | -         |   |                      |   | 1,627,140 |   |   |   | - |   |   |   | - |   |   |   |   | 1,627,140 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 1,627,140 |   |
|                                                  |   |                              | 260       |   |                      |   | 2,364,734 |   |   |   | 998,827 |   |   |   | - |   |   |   |   | 3,363,821 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 3,363,821 |   |
| Less:  Accumulated depreciation             |   |                              | (221      | )      |                      |   | (1,013,339 | ) |   |   | (325,575 | ) |   |   | - |   |   |   |   | (1,339,135 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (1,339,135 | ) |
| Total property, plant and equipment                   |   |                              | 39        |   |                      |   | 1,351,395 |   |   |   | 673,252 |   |   |   | - |   |   |   |   | 2,024,686 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 2,024,686 |   |
| Total assets                                          |   | $                                 | 1,016,712 |   |                      | $      | 2,179,973 |   |   | $ | 774,116 |   |   | $ | (698,390 | ) |   |   | $ | 3,272,411 |   |   | $ | 399,523 |   |   | $ | 580,266 |   |   | $ | (322,296 | ) |   |   | $ | 3,929,904 |   |
|                                                  |   |                              |      |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (a) Balances as of June 30, 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)             |      |
| Liabilities:                                                 |   |                       |      |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Accounts payable and accrued expenses                        |   | $                          | 635       |   |               | $      | 300,253 |   |   | $ | 4,829 |   |   | $ | - |   |   |   | $ | 305,717 |   |   | $ | - |   |   | $ | 3,271 |   |   | $ | - |   |   |   | $ | 308,988 |   |
| Notes, loans and leases payable                              |   |                       | -         |   |               |   | 612,349 |   |   |   | 937,076 |   |   |   | - |   |   |   |   | 1,549,425 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 1,549,425 |   |
| Policy benefits and losses, claims and loss expenses payable |   |                       | -         |   |               |   | 380,824 |   |   |   | - |   |   |   | - |   |   |   |   | 380,824 |   |   |   | 274,797 |   |   |   | 137,841 |   |   |   | - |   |   |   |   | 793,462 |   |
| Liabilities from investment contracts                        |   |                       | -         |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 280,479 |   |   |   | - |   |   |   |   | 280,479 |   |
| Other policyholders' funds and liabilities                   |   |                       | -         |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 6,566 |   |   |   | 2,083 |   |   |   | - |   |   |   |   | 8,649 |   |
| Deferred income                                              |   |                       | -         |   |               |   | 22,826 |   |   |   | - |   |   |   | - |   |   |   |   | 22,826 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 22,826 |   |
| Deferred income taxes                                        |   |                       | 205,527   |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 205,527 |   |   |   | (35,103 | ) |   |   | (8,266 | ) |   |   | (100 | ) | (d) |   |   | 162,058 |   |
| Related party liabilities                                    |   |                       | -         |   |               |   | 1,273,000 |   |   |   | - |   |   |   | (1,270,326 | ) | (c) |   |   | 2,674 |   |   |   | 1,897 |   |   |   | 182 |   |   |   | (4,753 | ) | (c) |   |   | - |   |
| Total liabilities                                            |   |                       | 206,162   |   |               |   | 2,589,252 |   |   |   | 941,905 |   |   |   | (1,270,326 | ) |   |   |   | 2,466,993 |   |   |   | 248,157 |   |   |   | 415,590 |   |   |   | (4,853 | ) |   |   |   | 3,125,887 |   |
|                                                         |   |                       |      |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 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                                   |   |                       | 421,615   |   |               |   | 121,230 |   |   |   | 147,941 |   |   |   | (269,171 | ) | (b) |   |   | 421,615 |   |   |   | 89,620 |   |   |   | 26,271 |   |   |   | (117,477 | ) |  (b,d) |   |   | 420,029 |   |
| Accumulated other comprehensive income (loss)                |   |                       | (72,441   | )      |               |   | (70,250 | ) |   |   | - |   |   |   | 70,250 |   | (b) |   |   | (72,441 | ) |   |   | (2,132 | ) |   |   | (59 | ) |   |   | 2,005 |   |  (b,d) |   |   | (72,627 | ) |
| Retained earnings (deficit)                                  |   |                       | 976,532   |   |               |   | (455,667 | ) |   |   | (315,731 | ) |   |   | 771,398 |   | (b) |   |   | 976,532 |   |   |   | 60,577 |   |   |   | 135,964 |   |   |   | (196,170 | ) |  (b,d) |   |   | 976,903 |   |
| Cost of common shares in treasury, net                       |   |                       | (525,653  | )      |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (525,653 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | (525,653 | ) |
| Unearned employee stock ownership plan shares                |   |                       | -         |   |               |   | (5,132 | ) |   |   | - |   |   |   | - |   |   |   |   | (5,132 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | (5,132 | ) |
| Total stockholders' equity (deficit)                         |   |                       | 810,550   |   |               |   | (409,279 | ) |   |   | (167,789 | ) |   |   | 571,936 |   |   |   |   | 805,418 |   |   |   | 151,366 |   |   |   | 164,676 |   |   |   | (317,443 | ) |   |   |   |   | 804,017 |   |
| Total liabilities and stockholders' equity                   |   | $                          | 1,016,712 |   |               | $      | 2,179,973 |   |   | $ | 774,116 |   |   | $ | (698,390 | ) |   |   | $ | 3,272,411 |   |   | $ | 399,523 |   |   | $ | 580,266 |   |   | $ | (322,296 | ) |   |   |   | $ | 3,929,904 |   |
|                                                         |   |                       |      |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (a) Balances as of June 30, 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)             |      |
| Assets:                                               |   |                       |      |
| Cash and cash equivalents                             |   | $                          | 38        |   |               | $      | 213,040 |   |   | $ | - |   |   | $ | - |   |   |   | $ | 213,078 |   |   | $ | 19,197 |   |   | $ | 8,312 |   |   | $ | - |   |   |   | $ | 240,587 |   |
| Reinsurance recoverables and trade receivables, net   |   |                       | -         |   |               |   | 18,264 |   |   |   | 31 |   |   |   | - |   |   |   |   | 18,295 |   |   |   | 184,912 |   |   |   | 10,646 |   |   |   | - |   |   |   |   | 213,853 |   |
| Notes and mortgage receivables, net                   |   |                       | -         |   |               |   | 1,892 |   |   |   | 1,039 |   |   |   | - |   |   |   |   | 2,931 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 2,931 |   |
| Inventories, net                                      |   |                       | -         |   |               |   | 70,749 |   |   |   | - |   |   |   | - |   |   |   |   | 70,749 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 70,749 |   |
| Prepaid expenses                                      |   |                       | 1,129     |   |               |   | 53,001 |   |   |   | 71 |   |   |   | - |   |   |   |   | 54,201 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 54,201 |   |
| Investments, fixed maturities and marketable equities |   |                       | -         |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 89,892 |   |   |   | 429,739 |   |   |   | - |   |   |   |   | 519,631 |   |
| Investments, other                                    |   |                       | -         |   |               |   | 874 |   |   |   | 13,697 |   |   |   | - |   |   |   |   | 14,571 |   |   |   | 113,724 |   |   |   | 98,727 |   |   |   | - |   |   |   |   | 227,022 |   |
| Deferred policy acquisition costs, net                |   |                       | -         |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 44,993 |   |   |   | - |   |   |   |   | 44,993 |   |
| Other assets                                          |   |                       | 9         |   |               |   | 103,607 |   |   |   | 28,807 |   |   |   | - |   |   |   |   | 132,423 |   |   |   | 849 |   |   |   | 372 |   |   |   | - |   |   |   |   | 133,644 |   |
| Related party assets                                  |   |                       | 1,206,555 |   |               |   | 247,809 |   |   |   | 46,326 |   |   |   | (1,195,060 | ) | (c) |   |   | 305,630 |   |   |   | 3,178 |   |   |   | - |   |   |   | (5,274 | ) | (c) |   |   | 303,534 |   |
|                                                  |   |                       | 1,207,731 |   |               |   | 709,236 |   |   |   | 89,971 |   |   |   | (1,195,060 | ) |   |   |   | 811,878 |   |   |   | 411,752 |   |   |   | 592,789 |   |   |   | (5,274 | ) |   |   |   | 1,811,145 |   |
|                                                  |   |                       |      |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment in subsidiaries                            |   |                       | (321,215  | )      |               |   | - |   |   |   | - |   |   |   | 625,863 |   | (b) |   |   | 304,648 |   |   |   | - |   |   |   | - |   |   |   | (304,648 | ) | (b) |   |   | - |   |
|                                                  |   |                       |      |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Property, plant and equipment, at cost:               |   |                       |      |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Land                                                  |   |                       | -         |   |               |   | 39,599 |   |   |   | 173,145 |   |   |   | - |   |   |   |   | 212,744 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 212,744 |   |
| Buildings and improvements                            |   |                       | -         |   |               |   | 126,957 |   |   |   | 793,337 |   |   |   | - |   |   |   |   | 920,294 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 920,294 |   |
| Furniture and equipment                               |   |                       | 301       |   |               |   | 314,849 |   |   |   | 18,164 |   |   |   | - |   |   |   |   | 333,314 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 333,314 |   |
| Rental trailers and other rental equipment            |   |                       | -         |   |               |   | 214,988 |   |   |   | - |   |   |   | - |   |   |   |   | 214,988 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 214,988 |   |
| Rental trucks                                         |   |                       | -         |   |               |   | 1,666,151 |   |   |   | - |   |   |   | - |   |   |   |   | 1,666,151 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 1,666,151 |   |
|                                                  |   |                       | 301       |   |               |   | 2,362,544 |   |   |   | 984,646 |   |   |   | - |   |   |   |   | 3,347,491 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 3,347,491 |   |
| Less:  Accumulated depreciation             |   |                       | (256      | )      |               |   | (1,013,377 | ) |   |   | (319,930 | ) |   |   | - |   |   |   |   | (1,333,563 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (1,333,563 | ) |
| Total property, plant and equipment                   |   |                       | 45        |   |               |   | 1,349,167 |   |   |   | 664,716 |   |   |   | - |   |   |   |   | 2,013,928 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 2,013,928 |   |
| Total assets                                          |   | $                          | 886,561   |   |               | $      | 2,058,403 |   |   | $ | 754,687 |   |   | $ | (569,197 | ) |   |   | $ | 3,130,454 |   |   | $ | 411,752 |   |   | $ | 592,789 |   |   | $ | (309,922 | ) |   |   | $ | 3,825,073 |   |
|                                                  |   |                       |      |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (a) Balances as of December 31, 2008                  |   |                       |      |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (b) Eliminate investment in subsidiaries              |   |                       |      |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (c) Eliminate intercompany receivables and payables   |   |                       |      |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                         |   |  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                        |   | $                          | 2,228    |   |                     | $      | 312,863 |   |   | $ | 4,518 |   |   | $ | - |   |   |   | $ | 319,609 |   |   | $ | - |   |   | $ | 9,618 |   |   | $ | - |   |   |   | $ | 329,227 |   |
| Notes, loans and leases payable                              |   |                       | -        |   |                     |   | 622,588 |   |   |   | 923,902 |   |   |   | - |   |   |   |   | 1,546,490 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 1,546,490 |   |
| Policy benefits and losses, claims and loss expenses payable |   |                       | -        |   |                     |   | 358,280 |   |   |   | - |   |   |   | - |   |   |   |   | 358,280 |   |   |   | 288,449 |   |   |   | 132,580 |   |   |   | - |   |   |   |   | 779,309 |   |
| Liabilities from investment contracts                        |   |                       | -        |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 303,332 |   |   |   | - |   |   |   |   | 303,332 |   |
| Other policyholders' funds and liabilities                   |   |                       | -        |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 9,776 |   |   |   | 2,185 |   |   |   | - |   |   |   |   | 11,961 |   |
| Deferred income                                              |   |                       | -        |   |                     |   | 24,612 |   |   |   | - |   |   |   | - |   |   |   |   | 24,612 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 24,612 |   |
| Deferred income taxes                                        |   |                       | 161,039  |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 161,039 |   |   |   | (36,758 | ) |   |   | (11,768 | ) |   |   | - |   |   |   |   | 112,513 |   |
| Related party liabilities                                    |   |                       | -        |   |                     |   | 1,197,855 |   |   |   | - |   |   |   | (1,195,060 | ) | (c) |   |   | 2,795 |   |   |   | 2,358 |   |   |   | 121 |   |   |   | (5,274 | ) | (c) |   |   | - |   |
| Total liabilities                                            |   |                       | 163,267  |   |                     |   | 2,516,198 |   |   |   | 928,420 |   |   |   | (1,195,060 | ) |   |   |   | 2,412,825 |   |   |   | 263,825 |   |   |   | 436,068 |   |   |   | (5,274 | ) |   |   |   | 3,107,444 |   |
|                                                         |   |                       |     |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 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                                   |   |                       | 420,588  |   |                     |   | 121,230 |   |   |   | 147,481 |   |   |   | (268,711 | ) | (b) |   |   | 420,588 |   |   |   | 89,620 |   |   |   | 26,271 |   |   |   | (115,891 | ) | (b) |   |   | 420,588 |   |
| Accumulated other comprehensive income (loss)                |   |                       | (98,000  | )      |                     |   | (90,677 | ) |   |   | - |   |   |   | 90,677 |   | (b) |   |   | (98,000 | ) |   |   | (3,589 | ) |   |   | (3,734 | ) |   |   | 7,323 |   | (b) |   |   | (98,000 | ) |
| Retained earnings (deficit)                                  |   |                       | 915,862  |   |                     |   | (483,223 | ) |   |   | (321,215 | ) |   |   | 804,438 |   | (b) |   |   | 915,862 |   |   |   | 58,595 |   |   |   | 131,684 |   |   |   | (190,279 | ) | (b) |   |   | 915,862 |   |
| Cost of common shares in treasury, net                       |   |                       | (525,653 | )      |                     |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (525,653 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (525,653 | ) |
| Unearned employee stock ownership plan shares                |   |                       | -        |   |                     |   | (5,665 | ) |   |   | - |   |   |   | - |   |   |   |   | (5,665 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (5,665 | ) |
| Total stockholders' equity (deficit)                         |   |                       | 723,294  |   |                     |   | (457,795 | ) |   |   | (173,733 | ) |   |   | 625,863 |   |   |   |   | 717,629 |   |   |   | 147,927 |   |   |   | 156,721 |   |   |   | (304,648 | ) |   |   |   | 717,629 |   |
| Total liabilities and stockholders' equity                   |   | $                          | 886,561  |   |                     | $      | 2,058,403 |   |   | $ | 754,687 |   |   | $ | (569,197 | ) |   |   | $ | 3,130,454 |   |   | $ | 411,752 |   |   | $ | 592,789 |   |   | $ | (309,922 | ) |   |   | $ | 3,825,073 |   |
|                                                         |   |                       |     |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (a) Balances as of December 31, 2008                         |   |                       |     |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (b) Eliminate investment in subsidiaries                     |   |                       |     |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (c) Eliminate intercompany receivables and payables          |   |                       |     |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                              |   |  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                                     |   | $                          | -      |   |               | $      | 427,637 |   |   | $ | - |   |   | $ | - |   |   |   | $ | 427,637 |   |   | $ | - |   |   | $ | - |   |   | $ | (434 | ) | (c) |   | $ | 427,203 |   |
| Self-storage revenues                                             |   |                       | -      |   |               |   | 27,101 |   |   |   | 311 |   |   |   | - |   |   |   |   | 27,412 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 27,412 |   |
| Self-moving and self-storage products and service sales           |   |                       | -      |   |               |   | 55,522 |   |   |   | - |   |   |   | - |   |   |   |   | 55,522 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 55,522 |   |
| Property management fees                                          |   |                       | -      |   |               |   | 4,478 |   |   |   | - |   |   |   | - |   |   |   |   | 4,478 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 4,478 |   |
| Life insurance premiums                                           |   |                       | -      |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 28,738 |   |   |   | - |   |   |   |   | 28,738 |   |
| Property and casualty insurance premiums                          |   |                       | -      |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 7,046 |   |   |   | - |   |   |   | - |   |   |   |   | 7,046 |   |
| Net investment and interest income                                |   |                       | 1,080  |   |               |   | 5,741 |   |   |   | - |   |   |   | - |   |   |   |   | 6,821 |   |   |   | 1,813 |   |   |   | 4,230 |   |   |   | (325 | ) |  (b,e) |   |   | 12,539 |   |
| Other revenue                                                     |   |                       | -      |   |               |   | 11,977 |   |   |   | 18,439 |   |   |   | (19,874 | ) | (b) |   |   | 10,542 |   |   |   | - |   |   |   | 767 |   |   |   | (323 | ) | (b) |   |   | 10,986 |   |
| Total revenues                                                    |   |                       | 1,080  |   |               |   | 532,456 |   |   |   | 18,750 |   |   |   | (19,874 | ) |   |   |   | 532,412 |   |   |   | 8,859 |   |   |   | 33,735 |   |   |   | (1,082 | ) |   |   |   |   | 573,924 |   |
|                                                              |   |                       |   |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs and expenses:                                               |   |                       |   |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating expenses                                                |   |                       | 2,024  |   |               |   | 281,515 |   |   |   | 1,956 |   |   |   | (19,874 | ) | (b) |   |   | 265,621 |   |   |   | 3,617 |   |   |   | 5,240 |   |   |   | (748 | ) |  (b,c) |   |   | 273,730 |   |
| Commission expenses                                               |   |                       | -      |   |               |   | 51,098 |   |   |   | - |   |   |   | - |   |   |   |   | 51,098 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 51,098 |   |
| Cost of sales                                                     |   |                       | -      |   |               |   | 28,359 |   |   |   | - |   |   |   | - |   |   |   |   | 28,359 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 28,359 |   |
| Benefits and losses                                               |   |                       | -      |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 3,619 |   |   |   | 22,188 |   |   |   | - |   |   |   |   |   | 25,807 |   |
| Amortization of deferred policy acquisition costs                 |   |                       | -      |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 2,296 |   |   |   | - |   |   |   |   |   | 2,296 |   |
| Lease expense                                                     |   |                       | 22     |   |               |   | 40,306 |   |   |   | 3 |   |   |   | - |   |   |   |   | 40,331 |   |   |   | - |   |   |   | - |   |   |   | (305 | ) | (b) |   |   | 40,026 |   |
| Depreciation, net of (gains) losses on disposals                  |   |                       | 5      |   |               |   | 53,426 |   |   |   | 3,359 |   |   |   | - |   |   |   |   | 56,790 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 56,790 |   |
| Total costs and expenses                                          |   |                       | 2,051  |   |               |   | 454,704 |   |   |   | 5,318 |   |   |   | (19,874 | ) |   |   |   | 442,199 |   |   |   | 7,236 |   |   |   | 29,724 |   |   |   | (1,053 | ) |   |   |   |   | 478,106 |   |
|                                                              |   |                       |   |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity in earnings of subsidiaries                                |   |                       | 30,525 |   |               |   | - |   |   |   | - |   |   |   | (26,849 | ) | (d) |   |   | 3,676 |   |   |   | - |   |   |   | - |   |   |   | (3,676 | ) | (d) |   |   | - |   |
|                                                              |   |                       |   |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings from operations                                          |   |                       | 29,554 |   |               |   | 77,752 |   |   |   | 13,432 |   |   |   | (26,849 | ) |   |   |   | 93,889 |   |   |   | 1,623 |   |   |   | 4,011 |   |   |   | (3,705 | ) |   |   |   |   | 95,818 |   |
| Interest income (expense)                                         |   |                       | 24,110 |   |               |   | (39,504 | ) |   |   | (8,544 | ) |   |   | - |   |   |   |   | (23,938 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | (23,938 | ) |
| Pretax earnings                                                   |   |                       | 53,664 |   |               |   | 38,248 |   |   |   | 4,888 |   |   |   | (26,849 | ) |   |   |   | 69,951 |   |   |   | 1,623 |   |   |   | 4,011 |   |   |   | (3,705 | ) |   |   |   |   | 71,880 |   |
| Income tax expense                                                |   |                       | (8,944 | )      |               |   | (14,167 | ) |   |   | (2,120 | ) |   |   | - |   |   |   |   | (25,231 | ) |   |   | (568 | ) |   |   | (1,390 | ) |   |   | - |   |   |   |   |   | (27,189 | ) |
| Net earnings                                                      |   |                       | 44,720 |   |               |   | 24,081 |   |   |   | 2,768 |   |   |   | (26,849 | ) |   |   |   | 44,720 |   |   |   | 1,055 |   |   |   | 2,621 |   |   |   | (3,705 | ) |   |   |   |   | 44,691 |   |
| Excess carrying amount of preferred stock over consideration paid |   |                       | -      |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 48 |   |   |   |   |   | 48 |   |
| Less:  Preferred stock dividends                        |   |                       | (3,241 | )      |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (3,241 | ) |   |   | - |   |   |   | - |   |   |   | 29 |   | (e) |   |   | (3,212 | ) |
| Earnings available to common shareholders                         |   | $                          | 41,479 |   |               | $      | 24,081 |   |   | $ | 2,768 |   |   | $ | (26,849 | ) |   |   | $ | 41,479 |   |   | $ | 1,055 |   |   | $ | 2,621 |   |   | $ | (3,628 | ) |   |   |   | $ | 41,527 |   |
| (a) Balances for the quarter ended June 30, 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 |   |   | Eliminations |   |   |   | Moving & StorageConsolidated |   |   | Property & Casualty Insurance (a) |   |   | LifeInsurance (a) |   |   | Eliminations |   |   |   | AMERCOConsolidated |   |
|                                                    |   | (Unaudited)                |   |
|                                                    |   | (In thousands)             |   |
| Revenues:                                               |   |                       |   |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Self-moving equipment rentals                           |   | $                          | -      |   |               | $      | 439,244 |   |   | $ | - |   |   | $ | - |   |   |   | $ | 439,244 |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   |   | $ | 439,244 |   |
| Self-storage revenues                                   |   |                       | -      |   |               |   | 27,526 |   |   |   | 375 |   |   |   | - |   |   |   |   | 27,901 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 27,901 |   |
| Self-moving and self-storage products and service sales |   |                       | -      |   |               |   | 58,296 |   |   |   | - |   |   |   | - |   |   |   |   | 58,296 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 58,296 |   |
| Property management fees                                |   |                       | -      |   |               |   | 4,721 |   |   |   | - |   |   |   | - |   |   |   |   | 4,721 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 4,721 |   |
| Life insurance premiums                                 |   |                       | -      |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 27,099 |   |   |   | - |   |   |   |   | 27,099 |   |
| Property and casualty insurance premiums                |   |                       | -      |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 7,359 |   |   |   | - |   |   |   | - |   |   |   |   | 7,359 |   |
| Net investment and interest income                      |   |                       | 1,093  |   |               |   | 6,918 |   |   |   | - |   |   |   | - |   |   |   |   | 8,011 |   |   |   | 2,326 |   |   |   | 5,008 |   |   |   | (362 | ) |  (b,c) |   |   | 14,983 |   |
| Other revenue                                           |   |                       | -      |   |               |   | 11,384 |   |   |   | 17,458 |   |   |   | (19,037 | ) | (b) |   |   | 9,805 |   |   |   | - |   |   |   | 2,409 |   |   |   | (322 | ) | (b) |   |   | 11,892 |   |
| Total revenues                                          |   |                       | 1,093  |   |               |   | 548,089 |   |   |   | 17,833 |   |   |   | (19,037 | ) |   |   |   | 547,978 |   |   |   | 9,685 |   |   |   | 34,516 |   |   |   | (684 | ) |   |   |   |   | 591,495 |   |
|                                                    |   |                       |   |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs and expenses:                                     |   |                       |   |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating expenses                                      |   |                       | 1,907  |   |               |   | 283,001 |   |   |   | 2,136 |   |   |   | (19,037 | ) | (b) |   |   | 268,007 |   |   |   | 4,009 |   |   |   | 5,447 |   |   |   | (373 | ) |  (b,c) |   |   | 277,090 |   |
| Commission expenses                                     |   |                       | -      |   |               |   | 54,082 |   |   |   | - |   |   |   | - |   |   |   |   | 54,082 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 54,082 |   |
| Cost of sales                                           |   |                       | -      |   |               |   | 32,642 |   |   |   | - |   |   |   | - |   |   |   |   | 32,642 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 32,642 |   |
| Benefits and losses                                     |   |                       | -      |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 3,476 |   |   |   | 21,395 |   |   |   | - |   |   |   |   |   | 24,871 |   |
| Amortization of deferred policy acquisition costs       |   |                       | -      |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 5 |   |   |   | 2,333 |   |   |   | - |   |   |   |   |   | 2,338 |   |
| Lease expense                                           |   |                       | 25     |   |               |   | 38,790 |   |   |   | 2 |   |   |   | - |   |   |   |   | 38,817 |   |   |   | - |   |   |   | - |   |   |   | (301 | ) | (b) |   |   | 38,516 |   |
| Depreciation, net of (gains) losses on disposals        |   |                       | 4      |   |               |   | 63,374 |   |   |   | 3,056 |   |   |   | - |   |   |   |   | 66,434 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 66,434 |   |
| Total costs and expenses                                |   |                       | 1,936  |   |               |   | 471,889 |   |   |   | 5,194 |   |   |   | (19,037 | ) |   |   |   | 459,982 |   |   |   | 7,490 |   |   |   | 29,175 |   |   |   | (674 | ) |   |   |   |   | 495,973 |   |
|                                                    |   |                       |   |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity in earnings of subsidiaries                      |   |                       | 29,914 |   |               |   | - |   |   |   | - |   |   |   | (25,060 | ) | (d) |   |   | 4,854 |   |   |   | - |   |   |   | - |   |   |   | (4,854 | ) | (d) |   |   | - |   |
|                                                    |   |                       |   |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings from operations                                |   |                       | 29,071 |   |               |   | 76,200 |   |   |   | 12,639 |   |   |   | (25,060 | ) |   |   |   | 92,850 |   |   |   | 2,195 |   |   |   | 5,341 |   |   |   | (4,864 | ) |   |   |   |   | 95,522 |   |
| Interest income (expense)                               |   |                       | 23,277 |   |               |   | (37,775 | ) |   |   | (10,442 | ) |   |   | - |   |   |   |   | (24,940 | ) |   |   | - |   |   |   | - |   |   |   | 10 |   | (c) |   |   | (24,930 | ) |
| Pretax earnings                                         |   |                       | 52,348 |   |               |   | 38,425 |   |   |   | 2,197 |   |   |   | (25,060 | ) |   |   |   | 67,910 |   |   |   | 2,195 |   |   |   | 5,341 |   |   |   | (4,854 | ) |   |   |   |   | 70,592 |   |
| Income tax expense                                      |   |                       | (8,524 | )      |               |   | (14,358 | ) |   |   | (1,204 | ) |   |   | - |   |   |   |   | (24,086 | ) |   |   | (768 | ) |   |   | (1,914 | ) |   |   | - |   |   |   |   |   | (26,768 | ) |
| Net earnings                                            |   |                       | 43,824 |   |               |   | 24,067 |   |   |   | 993 |   |   |   | (25,060 | ) |   |   |   | 43,824 |   |   |   | 1,427 |   |   |   | 3,427 |   |   |   | (4,854 | ) |   |   |   |   | 43,824 |   |
| Less:  Preferred stock dividends              |   |                       | (3,241 | )      |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (3,241 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | (3,241 | ) |
| Earnings available to common shareholders               |   | $                          | 40,583 |   |               | $      | 24,067 |   |   | $ | 993 |   |   | $ | (25,060 | ) |   |   | $ | 40,583 |   |   | $ | 1,427 |   |   | $ | 3,427 |   |   | $ | (4,854 | ) |   |   |   | $ | 40,583 |   |
| (a) Balances for the quarter ended June 30, 2008        |   |                       |   |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (b) Eliminate intercompany lease income                 |   |                       |   |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (c) Eliminate intercompany interest on debt             |   |                       |   |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (d) Eliminate equity in earnings of 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)             |    |
| Revenues:                                                         |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Self-moving equipment rentals                                     |   | $                          | -       |   |               | $      | 800,892 |   |   | $ | - |   |   | $ | - |   |   |   | $ | 800,892 |   |   | $ | - |   |   | $ | - |   |   | $ | (748 | ) | (c) |   | $ | 800,144 |   |
| Self-storage revenues                                             |   |                       | -       |   |               |   | 53,759 |   |   |   | 657 |   |   |   | - |   |   |   |   | 54,416 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 54,416 |   |
| Self-moving and self-storage products and service sales           |   |                       | -       |   |               |   | 113,344 |   |   |   | - |   |   |   | - |   |   |   |   | 113,344 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 113,344 |   |
| Property management fees                                          |   |                       | -       |   |               |   | 8,928 |   |   |   | - |   |   |   | - |   |   |   |   | 8,928 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 8,928 |   |
| Life insurance premiums                                           |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 56,342 |   |   |   | - |   |   |   |   | 56,342 |   |
| Property and casualty insurance premiums                          |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 13,261 |   |   |   | - |   |   |   | - |   |   |   |   | 13,261 |   |
| Net investment and interest income                                |   |                       | 2,152   |   |               |   | 11,278 |   |   |   | - |   |   |   | - |   |   |   |   | 13,430 |   |   |   | 3,649 |   |   |   | 9,762 |   |   |   | (622 | ) |  (b,e) |   |   | 26,219 |   |
| Other revenue                                                     |   |                       | -       |   |               |   | 23,900 |   |   |   | 36,741 |   |   |   | (39,566 | ) | (b) |   |   | 21,075 |   |   |   | - |   |   |   | 1,503 |   |   |   | (649 | ) | (b) |   |   | 21,929 |   |
| Total revenues                                                    |   |                       | 2,152   |   |               |   | 1,012,101 |   |   |   | 37,398 |   |   |   | (39,566 | ) |   |   |   | 1,012,085 |   |   |   | 16,910 |   |   |   | 67,607 |   |   |   | (2,019 | ) |   |   |   |   | 1,094,583 |   |
|                                                              |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs and expenses:                                               |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating expenses                                                |   |                       | 4,710   |   |               |   | 547,106 |   |   |   | 4,197 |   |   |   | (39,566 | ) | (b) |   |   | 516,447 |   |   |   | 6,879 |   |   |   | 10,285 |   |   |   | (1,380 | ) |  (b,c) |   |   | 532,231 |   |
| Commission expenses                                               |   |                       | -       |   |               |   | 95,509 |   |   |   | - |   |   |   | - |   |   |   |   | 95,509 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 95,509 |   |
| Cost of sales                                                     |   |                       | -       |   |               |   | 58,809 |   |   |   | - |   |   |   | - |   |   |   |   | 58,809 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 58,809 |   |
| Benefits and losses                                               |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 6,981 |   |   |   | 46,520 |   |   |   | - |   |   |   |   |   | 53,501 |   |
| Amortization of deferred policy acquisition costs                 |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 4,213 |   |   |   | - |   |   |   |   |   | 4,213 |   |
| Lease expense                                                     |   |                       | 36      |   |               |   | 79,868 |   |   |   | 5 |   |   |   | - |   |   |   |   | 79,909 |   |   |   | - |   |   |   | - |   |   |   | (610 | ) | (b) |   |   | 79,299 |   |
| Depreciation, net of (gains) losses on disposals                  |   |                       | 9       |   |               |   | 109,464 |   |   |   | 6,534 |   |   |   | - |   |   |   |   | 116,007 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 116,007 |   |
| Total costs and expenses                                          |   |                       | 4,755   |   |               |   | 890,756 |   |   |   | 10,736 |   |   |   | (39,566 | ) |   |   |   | 866,681 |   |   |   | 13,860 |   |   |   | 61,018 |   |   |   | (1,990 | ) |   |   |   |   | 939,569 |   |
|                                                              |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity in earnings of subsidiaries                                |   |                       | 39,302  |   |               |   | - |   |   |   | - |   |   |   | (33,040 | ) | (d) |   |   | 6,262 |   |   |   | - |   |   |   | - |   |   |   | (6,262 | ) | (d) |   |   | - |   |
|                                                              |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings from operations                                          |   |                       | 36,699  |   |               |   | 121,345 |   |   |   | 26,662 |   |   |   | (33,040 | ) |   |   |   | 151,666 |   |   |   | 3,050 |   |   |   | 6,589 |   |   |   | (6,291 | ) |   |   |   |   | 155,014 |   |
| Interest income (expense)                                         |   |                       | 47,521  |   |               |   | (77,710 | ) |   |   | (16,970 | ) |   |   | - |   |   |   |   | (47,159 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | (47,159 | ) |
| Pretax earnings                                                   |   |                       | 84,220  |   |               |   | 43,635 |   |   |   | 9,692 |   |   |   | (33,040 | ) |   |   |   | 104,507 |   |   |   | 3,050 |   |   |   | 6,589 |   |   |   | (6,291 | ) |   |   |   |   | 107,855 |   |
| Income tax expense                                                |   |                       | (17,068 | )      |               |   | (16,079 | ) |   |   | (4,208 | ) |   |   | - |   |   |   |   | (37,355 | ) |   |   | (1,068 | ) |   |   | (2,309 | ) |   |   | - |   |   |   |   |   | (40,732 | ) |
| Net earnings                                                      |   |                       | 67,152  |   |               |   | 27,556 |   |   |   | 5,484 |   |   |   | (33,040 | ) |   |   |   | 67,152 |   |   |   | 1,982 |   |   |   | 4,280 |   |   |   | (6,291 | ) |   |   |   |   | 67,123 |   |
| Excess carrying amount of preferred stock over consideration paid |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 371 |   |   |   |   |   | 371 |   |
| Less:  Preferred stock dividends                        |   |                       | (6,482  | )      |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (6,482 | ) |   |   | - |   |   |   | - |   |   |   | 29 |   | (e) |   |   | (6,453 | ) |
| Earnings available to common shareholders                         |   | $                          | 60,670  |   |               | $      | 27,556 |   |   | $ | 5,484 |   |   | $ | (33,040 | ) |   |   | $ | 60,670 |   |   | $ | 1,982 |   |   | $ | 4,280 |   |   | $ | (5,891 | ) |   |   |   | $ | 61,041 |   |
| (a) Balances for the six months ended June 30, 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 |   |   | Eliminations |   |   |   | Moving & StorageConsolidated |   |   | Property & Casualty Insurance (a) |   |   | LifeInsurance (a) |   |   | Eliminations |   |   |   | AMERCOConsolidated |   |
|                                                    |   | (Unaudited)                |    |
|                                                    |   | (In thousands)             |    |
| Revenues:                                               |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Self-moving equipment rentals                           |   | $                          | -       |   |               | $      | 829,273 |   |   | $ | - |   |   | $ | - |   |   |   | $ | 829,273 |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   |   | $ | 829,273 |   |
| Self-storage revenues                                   |   |                       | -       |   |               |   | 54,670 |   |   |   | 782 |   |   |   | - |   |   |   |   | 55,452 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 55,452 |   |
| Self-moving and self-storage products and service sales |   |                       | -       |   |               |   | 120,852 |   |   |   | - |   |   |   | - |   |   |   |   | 120,852 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 120,852 |   |
| Property management fees                                |   |                       | -       |   |               |   | 9,437 |   |   |   | - |   |   |   | - |   |   |   |   | 9,437 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 9,437 |   |
| Life insurance premiums                                 |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 54,016 |   |   |   | - |   |   |   |   | 54,016 |   |
| Property and casualty insurance premiums                |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 13,483 |   |   |   | - |   |   |   | - |   |   |   |   | 13,483 |   |
| Net investment and interest income                      |   |                       | 2,236   |   |               |   | 12,792 |   |   |   | - |   |   |   | - |   |   |   |   | 15,028 |   |   |   | 5,092 |   |   |   | 10,197 |   |   |   | (738 | ) |  (b,c) |   |   | 29,579 |   |
| Other revenue                                           |   |                       | -       |   |               |   | 22,234 |   |   |   | 35,294 |   |   |   | (38,051 | ) | (b) |   |   | 19,477 |   |   |   | - |   |   |   | 3,366 |   |   |   | (646 | ) | (b) |   |   | 22,197 |   |
| Total revenues                                          |   |                       | 2,236   |   |               |   | 1,049,258 |   |   |   | 36,076 |   |   |   | (38,051 | ) |   |   |   | 1,049,519 |   |   |   | 18,575 |   |   |   | 67,579 |   |   |   | (1,384 | ) |   |   |   |   | 1,134,289 |   |
|                                                    |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs and expenses:                                     |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating expenses                                      |   |                       | 4,519   |   |               |   | 550,669 |   |   |   | 4,336 |   |   |   | (38,051 | ) | (b) |   |   | 521,473 |   |   |   | 6,860 |   |   |   | 11,219 |   |   |   | (749 | ) |  (b,c) |   |   | 538,803 |   |
| Commission expenses                                     |   |                       | -       |   |               |   | 102,047 |   |   |   | - |   |   |   | - |   |   |   |   | 102,047 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 102,047 |   |
| Cost of sales                                           |   |                       | -       |   |               |   | 67,627 |   |   |   | - |   |   |   | - |   |   |   |   | 67,627 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 67,627 |   |
| Benefits and losses                                     |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 7,307 |   |   |   | 42,439 |   |   |   | - |   |   |   |   |   | 49,746 |   |
| Amortization of deferred policy acquisition costs       |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 8 |   |   |   | 4,418 |   |   |   | - |   |   |   |   |   | 4,426 |   |
| Lease expense                                           |   |                       | 48      |   |               |   | 73,635 |   |   |   | 3 |   |   |   | - |   |   |   |   | 73,686 |   |   |   | - |   |   |   | - |   |   |   | (602 | ) | (b) |   |   | 73,084 |   |
| Depreciation, net of (gains) losses on disposals        |   |                       | 9       |   |               |   | 125,285 |   |   |   | 6,078 |   |   |   | - |   |   |   |   | 131,372 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 131,372 |   |
| Total costs and expenses                                |   |                       | 4,576   |   |               |   | 919,263 |   |   |   | 10,417 |   |   |   | (38,051 | ) |   |   |   | 896,205 |   |   |   | 14,175 |   |   |   | 58,076 |   |   |   | (1,351 | ) |   |   |   |   | 967,105 |   |
|                                                    |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity in earnings of subsidiaries                      |   |                       | 46,798  |   |               |   | - |   |   |   | - |   |   |   | (37,576 | ) | (d) |   |   | 9,222 |   |   |   | - |   |   |   | - |   |   |   | (9,222 | ) | (d) |   |   | - |   |
|                                                    |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings from operations                                |   |                       | 44,458  |   |               |   | 129,995 |   |   |   | 25,659 |   |   |   | (37,576 | ) |   |   |   | 162,536 |   |   |   | 4,400 |   |   |   | 9,503 |   |   |   | (9,255 | ) |   |   |   |   | 167,184 |   |
| Interest income (expense)                               |   |                       | 45,647  |   |               |   | (73,129 | ) |   |   | (21,325 | ) |   |   | - |   |   |   |   | (48,807 | ) |   |   | - |   |   |   | - |   |   |   | 33 |   | (c) |   |   | (48,774 | ) |
| Pretax earnings                                         |   |                       | 90,105  |   |               |   | 56,866 |   |   |   | 4,334 |   |   |   | (37,576 | ) |   |   |   | 113,729 |   |   |   | 4,400 |   |   |   | 9,503 |   |   |   | (9,222 | ) |   |   |   |   | 118,410 |   |
| Income tax expense                                      |   |                       | (16,455 | )      |               |   | (21,239 | ) |   |   | (2,385 | ) |   |   | - |   |   |   |   | (40,079 | ) |   |   | (1,541 | ) |   |   | (3,140 | ) |   |   | - |   |   |   |   |   | (44,760 | ) |
| Net earnings                                            |   |                       | 73,650  |   |               |   | 35,627 |   |   |   | 1,949 |   |   |   | (37,576 | ) |   |   |   | 73,650 |   |   |   | 2,859 |   |   |   | 6,363 |   |   |   | (9,222 | ) |   |   |   |   | 73,650 |   |
| Less:  Preferred stock dividends              |   |                       | (6,482  | )      |               |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (6,482 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | (6,482 | ) |
| Earnings available to common shareholders               |   | $                          | 67,168  |   |               | $      | 35,627 |   |   | $ | 1,949 |   |   | $ | (37,576 | ) |   |   | $ | 67,168 |   |   | $ | 2,859 |   |   | $ | 6,363 |   |   | $ | (9,222 | ) |   |   |   | $ | 67,168 |   |
| (a) Balances for the quarter ended June 30, 2008        |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (b) Eliminate intercompany lease income                 |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (c) Eliminate intercompany interest on debt             |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (d) Eliminate equity in earnings of subsidiaries        |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                  |   |  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                                                          |   | $                          | 67,152  |   |               | $      | 27,556 |   |   | $ | 5,484 |   |   | $ | (33,040 | ) |   | $ | 67,152 |   |   | $ | 1,982 |   |   | $ | 4,280 |   |   | $ | (6,291 | ) |   | $ | 67,123 |   |
| Earnings from consolidated entities                                   |   |                       | (39,302 | )      |               |   | - |   |   |   | - |   |   |   | 33,040 |   |   |   | (6,262 | ) |   |   | - |   |   |   | - |   |   |   | 6,262 |   |   |   | - |   |
| Adjustments to reconcile net earnings to cash provided by operations: |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation                                                          |   |                       | 9       |   |               |   | 111,273 |   |   |   | 6,497 |   |   |   | - |   |   |   | 117,779 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 117,779 |   |
| Amortization of deferred policy acquisition costs                     |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 4,213 |   |   |   | - |   |   |   | 4,213 |   |
| Change in allowance for losses on trade receivables                   |   |                       | -       |   |               |   | 398 |   |   |   | - |   |   |   | - |   |   |   | 398 |   |   |   | - |   |   |   | (1 | ) |   |   | - |   |   |   | 397 |   |
| Change in allowance for losses on mortgage notes                      |   |                       | -       |   |               |   | (6 | ) |   |   | - |   |   |   | - |   |   |   | (6 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (6 | ) |
| Change in allowance for inventory reserve                             |   |                       | -       |   |               |   | 1,344 |   |   |   | - |   |   |   | - |   |   |   | 1,344 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1,344 |   |
| Net (gain) loss on sale of real and personal property                 |   |                       | -       |   |               |   | (1,809 | ) |   |   | 37 |   |   |   | - |   |   |   | (1,772 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (1,772 | ) |
| Net (gain) loss on sale of investments                                |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 27 |   |   |   | (428 | ) |   |   | - |   |   |   | (401 | ) |
| Deferred income taxes                                                 |   |                       | 38,038  |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | 38,038 |   |   |   | 870 |   |   |   | 1,523 |   |   |   | - |   |   |   | 40,431 |   |
| Net change in other operating assets and liabilities:                 |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Reinsurance recoverables and trade receivables                        |   |                       | -       |   |               |   | 1,637 |   |   |   | - |   |   |   | - |   |   |   | 1,637 |   |   |   | 11,826 |   |   |   | (1,546 | ) |   |   | - |   |   |   | 11,917 |   |
| Inventories                                                           |   |                       | -       |   |               |   | 7,334 |   |   |   | - |   |   |   | - |   |   |   | 7,334 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 7,334 |   |
| Prepaid expenses                                                      |   |                       | (963    | )      |               |   | (2,005 | ) |   |   | (429 | ) |   |   | - |   |   |   | (3,397 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (3,397 | ) |
| Capitalization of deferred policy acquisition costs                   |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (6,533 | ) |   |   | - |   |   |   | (6,533 | ) |
| Other assets                                                          |   |                       | -       |   |               |   | 6,602 |   |   |   | 807 |   |   |   | - |   |   |   | 7,409 |   |   |   | 131 |   |   |   | (73 | ) |   |   | - |   |   |   | 7,467 |   |
| Related party assets                                                  |   |                       | 339     |   |               |   | 6,945 |   |   |   | (17 | ) |   |   | - |   |   |   | 7,267 |   |   |   | 214 |   |   |   | - |   |   |   | - |   |   |   | 7,481 |   |
| Accounts payable and accrued expenses                                 |   |                       | (1,027  | )      |               |   | 3,589 |   |   |   | (2,688 | ) |   |   | - |   |   |   | (126 | ) |   |   | - |   |   |   | (5,767 | ) |   |   | - |   |   |   | (5,893 | ) |
| Policy benefits and losses, claims and loss expenses payable          |   |                       | -       |   |               |   | 20,382 |   |   |   | - |   |   |   | - |   |   |   | 20,382 |   |   |   | (13,652 | ) |   |   | 5,261 |   |   |   | - |   |   |   | 11,991 |   |
| Other policyholders' funds and liabilities                            |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (3,210 | ) |   |   | (101 | ) |   |   | - |   |   |   | (3,311 | ) |
| Deferred income                                                       |   |                       | -       |   |               |   | (1,946 | ) |   |   | - |   |   |   | - |   |   |   | (1,946 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (1,946 | ) |
| Related party liabilities                                             |   |                       | -       |   |               |   | (121 | ) |   |   | - |   |   |   | - |   |   |   | (121 | ) |   |   | (491 | ) |   |   | 61 |   |   |   | - |   |   |   | (551 | ) |
| Net cash provided (used) by operating activities                      |   |                       | 64,246  |   |               |   | 181,173 |   |   |   | 9,691 |   |   |   | - |   |   |   | 255,110 |   |   |   | (2,303 | ) |   |   | 889 |   |   |   | (29 | ) |   |   | 253,667 |   |
|                                                                  |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash flows from investing activities:                                 |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Purchases of:                                                         |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Property, plant and equipment                                         |   |                       | (2      | )      |               |   | (174,813 | ) |   |   | (12,691 | ) |   |   | - |   |   |   | (187,506 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (187,506 | ) |
| Short term investments                                                |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (49,589 | ) |   |   | (94,717 | ) |   |   | - |   |   |   | (144,306 | ) |
| Fixed maturities investments                                          |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (17,753 | ) |   |   | (59,353 | ) |   |   | - |   |   |   | (77,106 | ) |
| Preferred stock                                                       |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Real estate                                                           |   |                       | -       |   |               |   | (204 | ) |   |   | (308 | ) |   |   | - |   |   |   | (512 | ) |   |   | 46 |   |   |   | - |   |   |   | - |   |   |   | (466 | ) |
| Mortgage loans                                                        |   |                       | -       |   |               |   | (424 | ) |   |   | - |   |   |   | - |   |   |   | (424 | ) |   |   | (50 | ) |   |   | (51 | ) |   |   | - |   |   |   | (525 | ) |
| Proceeds from sales of:                                               |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Property, plant and equipment                                         |   |                       | -       |   |               |   | 99,541 |   |   |   | 1,080 |   |   |   | - |   |   |   | 100,621 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 100,621 |   |
| Short term investments                                                |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 58,457 |   |   |   | 100,850 |   |   |   | - |   |   |   | 159,307 |   |
| Fixed maturities investments                                          |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 15,036 |   |   |   | 68,631 |   |   |   | - |   |   |   | 83,667 |   |
| Preferred stock                                                       |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1,724 |   |   |   | 512 |   |   |   | - |   |   |   | 2,236 |   |
| Mortgage loans                                                        |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 35 |   |   |   | 4,018 |   |   |   | - |   |   |   | 4,053 |   |
| Payments from notes and mortgage receivables                          |   |                       | -       |   |               |   | 123 |   |   |   | 341 |   |   |   | - |   |   |   | 464 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 464 |   |
| Net cash provided (used) by investing activities                      |   |                       | (2      | )      |               |   | (75,777 | ) |   |   | (11,578 | ) |   |   | - |   |   |   | (87,357 | ) |   |   | 7,906 |   |   |   | 19,890 |   |   |   | - |   |   |   | (59,561 | ) |
|                                                                  |   | (page 1 of 2)              |    |
| (a) Balance for the period ended June 30, 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                              |   |                       | -       |   |               |   | 25,712 |   |   |   | 26,209 |   |   |   | - |   |   |   | 51,921 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 51,921 |   |
| Principal repayments on credit facilities                      |   |                       | -       |   |               |   | (59,660 | ) |   |   | (13,035 | ) |   |   | - |   |   |   | (72,695 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (72,695 | ) |
| Debt issuance costs                                            |   |                       | -       |   |               |   | (100 | ) |   |   | (177 | ) |   |   | - |   |   |   | (277 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (277 | ) |
| Capital lease payments                                         |   |                       | -       |   |               |   | (1,168 | ) |   |   | - |   |   |   | - |   |   |   | (1,168 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (1,168 | ) |
| Leveraged Employee Stock Ownership Plan - repayments from loan |   |                       | -       |   |               |   | 533 |   |   |   | - |   |   |   | - |   |   |   | 533 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 533 |   |
| Proceeds from (repayment of) intercompany loans                |   |                       | (57,706 | )      |               |   | 68,816 |   |   |   | (11,110 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |
| Preferred stock dividends paid                                 |   |                       | (6,482  | )      |               |   | - |   |   |   | - |   |   |   | - |   |   |   | (6,482 | ) |   |   | - |   |   |   | - |   |   |   | 29 |   | (b) |   |   | (6,453 | ) |
| Investment contract deposits                                   |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 5,564 |   |   |   | - |   |   |   |   | 5,564 |   |
| Investment contract withdrawals                                |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (28,417 | ) |   |   | - |   |   |   |   | (28,417 | ) |
| Net cash provided (used) by financing activities               |   |                       | (64,188 | )      |               |   | 34,133 |   |   |   | 1,887 |   |   |   | - |   |   |   | (28,168 | ) |   |   | - |   |   |   | (22,853 | ) |   |   | 29 |   |   |   |   | (50,992 | ) |
|                                                           |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Effects of exchange rate on cash                               |   |                       | -       |   |               |   | 1,250 |   |   |   | - |   |   |   | - |   |   |   | 1,250 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 1,250 |   |
|                                                           |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Increase (decrease) in cash and cash equivalents               |   |                       | 56      |   |               |   | 140,779 |   |   |   | - |   |   |   | - |   |   |   | 140,835 |   |   |   | 5,603 |   |   |   | (2,074 | ) |   |   | - |   |   |   |   | 144,364 |   |
| 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                     |   | $                          | 94      |   |               | $      | 353,819 |   |   | $ | - |   |   | $ | - |   |   | $ | 353,913 |   |   | $ | 24,800 |   |   | $ | 6,238 |   |   | $ | - |   |   |   | $ | 384,951 |   |
|                                                           |   | (page 2 of 2)              |    |
| (a) Balance for the period ended June 30, 2009                 |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (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                                                          |   | $                          | 73,650  |   |               | $      | 35,627 |   |   | $ | 1,949 |   |   | $ | (37,576 | ) |   | $ | 73,650 |   |   | $ | 2,859 |   |   | $ | 6,363 |   |   | $ | (9,222 | ) |   | $ | 73,650 |   |
| Earnings from consolidated entities                                   |   |                       | (46,798 | )      |               |   | - |   |   |   | - |   |   |   | 37,576 |   |   |   | (9,222 | ) |   |   | - |   |   |   | - |   |   |   | 9,222 |   |   |   | - |   |
| Adjustments to reconcile net earnings to cash provided by operations: |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation                                                          |   |                       | 9       |   |               |   | 115,833 |   |   |   | 6,078 |   |   |   | - |   |   |   | 121,920 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 121,920 |   |
| Amortization of deferred policy acquisition costs                     |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 8 |   |   |   | 4,418 |   |   |   | - |   |   |   | 4,426 |   |
| Change in provision for losses on trade receivables                   |   |                       | -       |   |               |   | (104 | ) |   |   | - |   |   |   | - |   |   |   | (104 | ) |   |   | - |   |   |   | 58 |   |   |   | - |   |   |   | (46 | ) |
| Change in provision for losses on mortgage notes                      |   |                       | -       |   |               |   | (20 | ) |   |   | - |   |   |   | - |   |   |   | (20 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (20 | ) |
| Change in provision for inventory reserve                             |   |                       | -       |   |               |   | 857 |   |   |   | - |   |   |   | - |   |   |   | 857 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 857 |   |
| Net loss on sale of real and personal property                        |   |                       | -       |   |               |   | 9,452 |   |   |   | - |   |   |   | - |   |   |   | 9,452 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 9,452 |   |
| Net (gain) loss on sale of investments                                |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (72 | ) |   |   | 73 |   |   |   | - |   |   |   | 1 |   |
| Deferred income taxes                                                 |   |                       | 37,380  |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | 37,380 |   |   |   | 841 |   |   |   | 3,768 |   |   |   | - |   |   |   | 41,989 |   |
| Net change in other operating assets and liabilities:                 |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Reinsurance recoverables and trade receivables                        |   |                       | -       |   |               |   | 879 |   |   |   | - |   |   |   | - |   |   |   | 879 |   |   |   | 5,669 |   |   |   | (180 | ) |   |   | - |   |   |   | 6,368 |   |
| Inventories                                                           |   |                       | -       |   |               |   | (12,856 | ) |   |   | - |   |   |   | - |   |   |   | (12,856 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (12,856 | ) |
| Prepaid expenses                                                      |   |                       | 3,366   |   |               |   | (4,961 | ) |   |   | (167 | ) |   |   | - |   |   |   | (1,762 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (1,762 | ) |
| Capitalization of deferred policy acquisition costs                   |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 7 |   |   |   | (4,894 | ) |   |   | - |   |   |   | (4,887 | ) |
| Other assets                                                          |   |                       | (1      | )      |               |   | 6,883 |   |   |   | 871 |   |   |   | - |   |   |   | 7,753 |   |   |   | 399 |   |   |   | 163 |   |   |   | - |   |   |   | 8,315 |   |
| Related party assets                                                  |   |                       | 3,432   |   |               |   | 3,735 |   |   |   | (45 | ) |   |   | - |   |   |   | 7,122 |   |   |   | 4,127 |   |   |   | - |   |   |   | - |   |   |   | 11,249 |   |
| Accounts payable and accrued expenses                                 |   |                       | 1,040   |   |               |   | 1,639 |   |   |   | 354 |   |   |   | - |   |   |   | 3,033 |   |   |   | - |   |   |   | (1,594 | ) |   |   | - |   |   |   | 1,439 |   |
| Policy benefits and losses, claims and loss expenses payable          |   |                       | -       |   |               |   | 5,419 |   |   |   | - |   |   |   | - |   |   |   | 5,419 |   |   |   | (14,746 | ) |   |   | (3,490 | ) |   |   | - |   |   |   | (12,817 | ) |
| Other policyholders' funds and liabilities                            |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 211 |   |   |   | (957 | ) |   |   | - |   |   |   | (746 | ) |
| Deferred income                                                       |   |                       | -       |   |               |   | 539 |   |   |   | - |   |   |   | - |   |   |   | 539 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 539 |   |
| Related party liabilities                                             |   |                       | -       |   |               |   | (1,820 | ) |   |   | - |   |   |   | - |   |   |   | (1,820 | ) |   |   | 121 |   |   |   | 60 |   |   |   | - |   |   |   | (1,639 | ) |
| Net cash provided (used) by operating activities                      |   |                       | 72,078  |   |               |   | 161,102 |   |   |   | 9,040 |   |   |   | - |   |   |   | 242,220 |   |   |   | (576 | ) |   |   | 3,788 |   |   |   | - |   |   |   | 245,432 |   |
|                                                                  |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash flows from investing activities:                                 |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Purchases of:                                                         |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Property, plant and equipment                                         |   |                       | (1      | )      |               |   | (206,866 | ) |   |   | (18,129 | ) |   |   | - |   |   |   | (224,996 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (224,996 | ) |
| Short term investments                                                |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (75,810 | ) |   |   | (140,543 | ) |   |   | - |   |   |   | (216,353 | ) |
| Fixed maturities investments                                          |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (4,018 | ) |   |   | (111,106 | ) |   |   | - |   |   |   | (115,124 | ) |
| Preferred stock                                                       |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (2,001 | ) |   |   |   |   |   |   | (2,001 | ) |
| Real estate                                                           |   |                       | -       |   |               |   | (8 | ) |   |   | - |   |   |   | - |   |   |   | (8 | ) |   |   | (342 | ) |   |   | - |   |   |   | - |   |   |   | (350 | ) |
| Mortgage loans                                                        |   |                       | -       |   |               |   | - |   |   |   | (368 | ) |   |   | - |   |   |   | (368 | ) |   |   | - |   |   |   | (8,943 | ) |   |   | - |   |   |   | (9,311 | ) |
| Proceeds from sales of:                                               |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Property, plant and equipment                                         |   |                       | -       |   |               |   | 79,963 |   |   |   | 842 |   |   |   | - |   |   |   | 80,805 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 80,805 |   |
| Short term investments                                                |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 32,566 |   |   |   | 149,833 |   |   |   | - |   |   |   | 182,399 |   |
| Fixed maturities investments                                          |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 47,852 |   |   |   | 125,818 |   |   |   | - |   |   |   | 173,670 |   |
| Equity securities                                                     |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 27 |   |   |   | - |   |   |   | 27 |   |
| Real estate                                                           |   |                       | -       |   |               |   | - |   |   |   | 704 |   |   |   | - |   |   |   | 704 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 704 |   |
| Mortgage loans                                                        |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 12 |   |   |   | 2,810 |   |   |   | - |   |   |   | 2,822 |   |
| Payments from notes and mortgage receivables                          |   |                       | -       |   |               |   | 24 |   |   |   | - |   |   |   | - |   |   |   | 24 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 24 |   |
| Net cash provided (used) by investing activities                      |   |                       | (1      | )      |               |   | (126,887 | ) |   |   | (16,951 | ) |   |   | - |   |   |   | (143,839 | ) |   |   | 260 |   |   |   | 15,895 |   |   |   | - |   |   |   | (127,684 | ) |
|                                                                  |   | (page 1 of 2)              |    |
| (a) Balance for the period ended June 30, 2008                        |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                           |   |  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                              |   |                       | -       |   |               |   | 82,016 |   |   |   | 53,314 |   |   |   | - |   |   |   | 135,330 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 135,330 |   |
| Principal repayments on credit facilities                      |   |                       | -       |   |               |   | (59,507 | ) |   |   | (14,813 | ) |   |   | - |   |   |   | (74,320 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (74,320 | ) |
| Debt issuance costs                                            |   |                       | -       |   |               |   | (360 | ) |   |   | - |   |   |   | - |   |   |   | (360 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (360 | ) |
| Capital lease payments                                         |   |                       | -       |   |               |   | (348 | ) |   |   | - |   |   |   | - |   |   |   | (348 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (348 | ) |
| Leveraged Employee Stock Ownership Plan - repayments from loan |   |                       | -       |   |               |   | 631 |   |   |   | - |   |   |   | - |   |   |   | 631 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 631 |   |
| Repurchase of stock                                            |   |                       | (659    | )      |               |   | - |   |   |   | - |   |   |   | - |   |   |   | (659 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (659 | ) |
| Proceeds from (repayment of) intercompany loans                |   |                       | (66,946 | )      |               |   | 97,536 |   |   |   | (30,590 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Preferred stock dividends paid                                 |   |                       | (6,482  | )      |               |   | - |   |   |   | - |   |   |   | - |   |   |   | (6,482 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (6,482 | ) |
| Net dividend from related party                                |   |                       | 2,010   |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | 2,010 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 2,010 |   |
| Investment contract deposits                                   |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 9,561 |   |   |   | - |   |   |   | 9,561 |   |
| Investment contract withdrawals                                |   |                       | -       |   |               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (26,921 | ) |   |   | - |   |   |   | (26,921 | ) |
| Net cash provided (used) by financing activities               |   |                       | (72,077 | )      |               |   | 119,968 |   |   |   | 7,911 |   |   |   | - |   |   |   | 55,802 |   |   |   | - |   |   |   | (17,360 | ) |   |   | - |   |   |   | 38,442 |   |
|                                                           |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Effects of exchange rate on cash                               |   |                       | -       |   |               |   | 318 |   |   |   | - |   |   |   | - |   |   |   | 318 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 318 |   |
|                                                           |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Increase in cash and cash equivalents                          |   |                       | -       |   |               |   | 154,501 |   |   |   | - |   |   |   | - |   |   |   | 154,501 |   |   |   | (316 | ) |   |   | 2,323 |   |   |   | - |   |   |   | 156,508 |   |
| Cash and cash equivalents at beginning of period               |   |                       | 30      |   |               |   | 191,220 |   |   |   | - |   |   |   | - |   |   |   | 191,250 |   |   |   | 6,848 |   |   |   | 8,524 |   |   |   | - |   |   |   | 206,622 |   |
| Cash and cash equivalents at end of period                     |   | $                          | 30      |   |               | $      | 345,721 |   |   | $ | - |   |   | $ | - |   |   | $ | 345,751 |   |   | $ | 6,532 |   |   | $ | 10,847 |   |   | $ | - |   |   | $ | 363,130 |   |
|                                                           |   | (page 2 of 2)              |    |
| (a) Balance for the period ended June 30, 2008                 |   |                       |    |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                              |   | United States                              |      |   | Canada |   |    | Consolidated |   |
|-------------------------------------------------------------------|--------|--------------------------------------------|-----------|--------|--------|--------|---------|--------------|--------|
|                                                              |   | (Unaudited)                                |      |
|                                                              |   | (All amounts are in thousands of U.S. $'s) |      |
| Quarter ended September 30, 2009                                  |   |                                       |      |   |   |   |    |         |   |
| Total revenues                                                    |   | $                                          | 536,621   |   |   | $      | 37,303  |         |   | $ | 573,924 |   |
| Depreciation and amortization, net of (gains) losses on disposals |   |                                       | 57,548    |   |   |   | 1,538   |         |   |   | 59,086 |   |
| Interest expense                                                  |   |                                       | 23,784    |   |   |   | 154     |         |   |   | 23,938 |   |
| Pretax earnings                                                   |   |                                       | 66,458    |   |   |   | 5,422   |         |   |   | 71,880 |   |
| Income tax expense                                                |   |                                       | 25,345    |   |   |   | 1,844   |         |   |   | 27,189 |   |
| Identifiable assets                                               |   |                                       | 3,814,477 |   |   |   | 115,427 |         |   |   | 3,929,904 |   |
|                                                              |   |                                       |      |   |   |   |    |         |   |   |   |   |
| Quarter ended September 30, 2008                                  |   |                                       |      |   |   |   |    |         |   |   |   |   |
| Total revenues                                                    |   | $                                          | 554,099   |   |   | $      | 37,396  |         |   | $ | 591,495 |   |
| Depreciation and amortization, net of (gains) losses on disposals |   |                                       | 66,455    |   |   |   | 2,317   |         |   |   | 68,772 |   |
| Interest expense                                                  |   |                                       | 24,755    |   |   |   | 175     |         |   |   | 24,930 |   |
| Pretax earnings                                                   |   |                                       | 66,604    |   |   |   | 3,988   |         |   |   | 70,592 |   |
| Income tax expense                                                |   |                                       | 25,412    |   |   |   | 1,356   |         |   |   | 26,768 |   |
| Identifiable assets                                               |   |                                       | 3,875,527 |   |   |   | 101,969 |         |   |   | 3,977,496 |   |

|                                                              |   | United States                              |      |   | Canada |   |    | Consolidated |   |
|-------------------------------------------------------------------|--------|--------------------------------------------|-----------|--------|--------|--------|---------|--------------|--------|
|                                                              |   | (Unaudited)                                |      |
|                                                              |   | (All amounts are in thousands of U.S. $'s) |      |
| Six months ended September 30, 2009                               |   |                                       |      |   |   |   |    |         |   |
| Total revenues                                                    |   | $                                          | 1,027,508 |   |   | $      | 67,075  |         |   | $ | 1,094,583 |   |
| Depreciation and amortization, net of (gains) losses on disposals |   |                                       | 116,935   |   |   |   | 3,285   |         |   |   | 120,220 |   |
| Interest expense                                                  |   |                                       | 46,865    |   |   |   | 294     |         |   |   | 47,159 |   |
| Pretax earnings                                                   |   |                                       | 99,529    |   |   |   | 8,326   |         |   |   | 107,855 |   |
| Income tax expense                                                |   |                                       | 37,900    |   |   |   | 2,832   |         |   |   | 40,732 |   |
| Identifiable assets                                               |   |                                       | 3,814,477 |   |   |   | 115,427 |         |   |   | 3,929,904 |   |
|                                                              |   |                                       |      |   |   |   |    |         |   |   |   |   |
| Six months ended September 30, 2008                               |   |                                       |      |   |   |   |    |         |   |   |   |   |
| Total revenues                                                    |   | $                                          | 1,062,847 |   |   | $      | 71,442  |         |   | $ | 1,134,289 |   |
| Depreciation and amortization, net of (gains) losses on disposals |   |                                       | 130,992   |   |   |   | 4,806   |         |   |   | 135,798 |   |
| Interest expense                                                  |   |                                       | 48,428    |   |   |   | 346     |         |   |   | 48,774 |   |
| Pretax earnings                                                   |   |                                       | 112,189   |   |   |   | 6,221   |         |   |   | 118,410 |   |
| Income tax expense                                                |   |                                       | 42,644    |   |   |   | 2,116   |         |   |   | 44,760 |   |
| Identifiable assets                                               |   |                                       | 3,875,527 |   |   |   | 101,969 |         |   |   | 3,977,496 |   |

----

|                                                |   | Quarter Ended September 30, |   |
|-----------------------------------------------------|--------|-----------------------------|--------|
|                                                |   | 2009                        |   |   | 2008 |   |
|                                                |   | (Unaudited)                 |   |
|                                                |   | (In thousands)              |   |
|                                                |   |                        |   |   |   |   |
| Service cost for benefits earned during the period  |   | $                           | 105    |   |   | $ | 103 |   |
| Interest cost on accumulated postretirement benefit |   |                        | 150    |   |   |   | 134 |   |
| Other components                                    |   |                        | (26    | ) |   |   | (23 | ) |
| Net periodic postretirement benefit cost            |   | $                           | 229    |   |   | $ | 214 |   |

|                                                |   | Six Months Ended September 30, |   |
|-----------------------------------------------------|--------|--------------------------------|--------|
|                                                |   | 2009                           |   |   | 2008 |   |
|                                                |   | (Unaudited)                    |   |
|                                                |   | (In thousands)                 |   |
|                                                |   |                           |   |   |   |   |
| Service cost for benefits earned during the period  |   | $                              | 210    |   |   | $ | 206 |   |
| Interest cost on accumulated postretirement benefit |   |                           | 301    |   |   |   | 268 |   |
| Other components                                    |   |                           | (52    | ) |   |   | (47 | ) |
| Net periodic postretirement benefit cost            |   | $                              | 459    |   |   | $ | 427 |   |

----

|                                            |   | 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                          |   | $              | 436,636 |   |                                                           | $      | 436,636 |                                          |   | $      | -                                         |   |   | $ | - |   |
| Fixed maturities - available for sale           |   |           | 509,500 |   |                                                           |   | 489,623 |                                          |   |   | 17,484                                    |   |   |   | 2,393 |   |
| Preferred stock                                 |   |           | 15,391  |   |                                                           |   | 15,391  |                                          |   |   | -                                         |   |   |   | - |   |
| Common stock                                    |   |           | 10      |   |                                                           |   | 10      |                                          |   |   | -                                         |   |   |   | - |   |
| Less: Preferred stock of AMERCO held by RepWest |   |           | (1,501  | )      |                                                           |   | (1,501  | )                                             |   |   | -                                         |   |   |   | - |   |
| Total                                           |   | $              | 960,036 |   |                                                           | $      | 940,159 |                                          |   | $      | 17,484                                    |   |   | $ | 2,393 |   |

| Liabilities                               |   |   |   |   |   |   |   |   |   |   |   |   |
|-------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| Guaranteed residual values of TRAC leases |   | $      | -      |   |   | $      | -      |   |   | $      | -      |   |   | $ | - |   |
| Derivatives                               |   |   | 61,310 |   |   |   | -      |   |   |   | 61,310 |   |   |   | - |   |
| Total                                     |   | $      | 61,310 |   |   | $      | -      |   |   | $      | 61,310 |   |   | $ | - |   |

----

|                                                         |   | Fixed Maturities - Auction Rate Securities |   |   | Fixed Maturities - Asset Backed Securities |   |   | Common Stock |   |   | Total |   |
|--------------------------------------------------------------|--------|--------------------------------------------|--------|--------|--------------------------------------------|--------|--------|--------------|--------|--------|-------|--------|
|                                                         |   | (Unaudited)                                |   |
|                                                         |   | (In thousands)                             |   |
| Balance at March 31, 2009                                    |   | $                                          | 2,413  |   |                                       | $      | -      |         |   | $      | 5     |   |   | $ | 2,418 |   |
| Transfers into Level 3 (a)                                   |   |                                       | -      |   |                                       |   | 363    |         |   |   | -     |   |   |   | 363 |   |
| Fixed Maturities - Auction Rate Securities gain (unrealized) |   |                                       | 158    |   |                                       |   | -      |         |   |   | -     |   |   |   | 158 |   |
| Sale of securities                                           |   |                                       | -      |   |                                       |   | -      |         |   |   | (5    | )      |   |   | (5 | ) |
| Balance at June 30, 2009                                     |   |                                       | 2,571  |   |                                       |   | 363    |         |   |   | -     |   |   |   | 2,934 |   |
| Fixed Maturities - Auction Rate Securities gain (unrealized) |   |                                       | 6      |   |                                       |   | -      |         |   |   | -     |   |   |   | 6 |   |
| Securities called at par                                     |   |                                       | (222   | )      |                                       |   | -      |         |   |   | -     |   |   |   | (222 | ) |
| Fixed Maturities - Asset Backed Securities loss (realized)   |   |                                       | -      |   |                                       |   | (106   | )            |   |   | -     |   |   |   | (106 | ) |
| Fixed Maturities - Asset Backed Securities loss (unrealized) |   |                                       | -      |   |                                       |   | (219   | )            |   |   | -     |   |   |   | (219 | ) |
| Balance at September 30, 2009                                |   | $                                          | 2,355  |   |                                       | $      | 38     |         |   | $      | -     |   |   | $ | 2,393 |   |

----

Management’s Discussion and Analysis of Financial Condition and Results of Operations

|   | AMERCO’s three reportable segments are: |
|--------|-----------------------------------------------|

|   | (a) | Moving and Storage, comprised of AMERCO, U-Haul, and Real Estate and the subsidiaries of U-Haul and Real Estate, |
|--------|-----|------------------------------------------------------------------------------------------------------------------|

|   | (b) | Property and Casualty Insurance, comprised of RepWest and its subsidiaries and ARCOA, and |
|--------|-----|-------------------------------------------------------------------------------------------|

|   | (c) | Life Insurance, comprised of Oxford and its subsidiaries. |
|--------|-----|-----------------------------------------------------------|

----

----

----

----

----

|                                                          |   | Quarter Ended September 30, |    |
|---------------------------------------------------------------|--------|-----------------------------|---------|
|                                                          |   | 2009                        |    |   | 2008 |   |
|                                                          |   | (Unaudited)                 |    |
|                                                          |   | (In thousands)              |    |
|  Self-moving equipment rentals                           |   | $                           | 427,203 |   |   | $ | 439,244 |   |
|  Self-storage revenues                                   |   |                        | 27,412  |   |   |   | 27,901 |   |
|  Self-moving and self-storage products and service sales |   |                        | 55,522  |   |   |   | 58,296 |   |
|  Property management fees                                |   |                        | 4,478   |   |   |   | 4,721 |   |
|  Life insurance premiums                                 |   |                        | 28,738  |   |   |   | 27,099 |   |
|  Property and casualty insurance premiums                |   |                        | 7,046   |   |   |   | 7,359 |   |
|  Net investment and interest income                      |   |                        | 12,539  |   |   |   | 14,983 |   |
|  Other revenue                                           |   |                        | 10,986  |   |   |   | 11,892 |   |
|  Consolidated revenue                                    |   | $                           | 573,924 |   |   | $ | 591,495 |   |

----

|                                  |   | Quarter Ended September 30, |    |
|---------------------------------------|--------|-----------------------------|---------|
|                                  |   | 2009                        |    |   | 2008 |   |
|                                  |   | (Unaudited)                 |    |
|                                  |   | (In thousands)              |    |
|  Moving and storage              |   |                        |    |   |   |   |
|  Revenues                        |   | $                           | 532,412 |   |   | $ | 547,978 |   |
|  Earnings from operations        |   |                        | 93,889  |   |   |   | 92,850 |   |
|  Property and casualty insurance |   |                        |    |   |   |   |   |   |
|  Revenues                        |   |                        | 8,859   |   |   |   | 9,685 |   |
|  Earnings from operations        |   |                        | 1,623   |   |   |   | 2,195 |   |
|  Life insurance                  |   |                        |    |   |   |   |   |   |
|  Revenues                        |   |                        | 33,735  |   |   |   | 34,516 |   |
|  Earnings from operations        |   |                        | 4,011   |   |   |   | 5,341 |   |
|  Eliminations                    |   |                        |    |   |   |   |   |   |
|  Revenues                        |   |                        | (1,082  | ) |   |   | (684 | ) |
|  Earnings from operations        |   |                        | (3,705  | ) |   |   | (4,864 | ) |
|  Consolidated results            |   |                        |    |   |   |   |   |   |
|  Revenues                        |   |                        | 573,924 |   |   |   | 591,495 |   |
|  Earnings from operations        |   |                        | 95,818  |   |   |   | 95,522 |   |

----

|                                                          |   | Quarter Ended September 30, |    |
|---------------------------------------------------------------|--------|-----------------------------|---------|
|                                                          |   | 2009                        |    |   | 2008 |   |
|                                                          |   | (Unaudited)                 |    |
|                                                          |   | (In thousands)              |    |
|  Self-moving equipment rentals                           |   | $                           | 427,637 |   |   | $ | 439,244 |   |
|  Self-storage revenues                                   |   |                        | 27,412  |   |   |   | 27,901 |   |
|  Self-moving and self-storage products and service sales |   |                        | 55,522  |   |   |   | 58,296 |   |
|  Property management fees                                |   |                        | 4,478   |   |   |   | 4,721 |   |
|  Net investment and interest income                      |   |                        | 6,821   |   |   |   | 8,011 |   |
|  Other revenue                                           |   |                        | 10,542  |   |   |   | 9,805 |   |
|  Moving and Storage revenue                              |   | $                           | 532,412 |   |   | $ | 547,978 |   |

|                                       |   | Quarter Ended September 30,           |   |
|--------------------------------------------|--------|---------------------------------------|--------|
|                                       |   | 2009                                  |   |   | 2008 |   |
|                                       |   | (Unaudited)                           |   |
|                                       |   | (In thousands, except occupancy rate) |   |
| Room count as of September 30              |   |                                  | 141    |   |   |   | 134 |   |
| Square footage as of September 30          |   |                                  | 11,412 |   |   |   | 10,788 |   |
| Average number of rooms occupied           |   |                                  | 108    |   |   |   | 109 |   |
| Average occupancy rate based on room count |   |                                  | 77.2   | % |   |   | 81.8 | % |
| Average square footage occupied            |   |                                  | 8,975  |   |   |   | 8,979 |   |

----

----

|                                                          |   | Six Months Ended September 30, |      |
|---------------------------------------------------------------|--------|--------------------------------|-----------|
|                                                          |   | 2009                           |      |   | 2008 |   |
|                                                          |   | (Unaudited)                    |      |
|                                                          |   | (In thousands)                 |      |
|  Self-moving equipment rentals                           |   | $                              | 800,144   |   |   | $ | 829,273 |   |
|  Self-storage revenues                                   |   |                           | 54,416    |   |   |   | 55,452 |   |
|  Self-moving and self-storage products and service sales |   |                           | 113,344   |   |   |   | 120,852 |   |
|  Property management fees                                |   |                           | 8,928     |   |   |   | 9,437 |   |
|  Life insurance premiums                                 |   |                           | 56,342    |   |   |   | 54,016 |   |
|  Property and casualty insurance premiums                |   |                           | 13,261    |   |   |   | 13,483 |   |
|  Net investment and interest income                      |   |                           | 26,219    |   |   |   | 29,579 |   |
|  Other revenue                                           |   |                           | 21,929    |   |   |   | 22,197 |   |
|  Consolidated revenue                                    |   | $                              | 1,094,583 |   |   | $ | 1,134,289 |   |

----

|                                  |   | Six Months Ended September 30, |      |
|---------------------------------------|--------|--------------------------------|-----------|
|                                  |   | 2009                           |      |   | 2008 |   |
|                                  |   | (Unaudited)                    |      |
|                                  |   | (In thousands)                 |      |
|  Moving and storage              |   |                           |      |   |   |   |
|  Revenues                        |   | $                              | 1,012,085 |   |   | $ | 1,049,519 |   |
|  Earnings from operations        |   |                           | 151,666   |   |   |   | 162,536 |   |
|  Property and casualty insurance |   |                           |      |   |   |   |   |   |
|  Revenues                        |   |                           | 16,910    |   |   |   | 18,575 |   |
|  Earnings from operations        |   |                           | 3,050     |   |   |   | 4,400 |   |
|  Life insurance                  |   |                           |      |   |   |   |   |   |
|  Revenues                        |   |                           | 67,607    |   |   |   | 67,579 |   |
|  Earnings from operations        |   |                           | 6,589     |   |   |   | 9,503 |   |
|  Eliminations                    |   |                           |      |   |   |   |   |   |
|  Revenues                        |   |                           | (2,019    | ) |   |   | (1,384 | ) |
|  Earnings from operations        |   |                           | (6,291    | ) |   |   | (9,255 | ) |
|  Consolidated results            |   |                           |      |   |   |   |   |   |
|  Revenues                        |   |                           | 1,094,583 |   |   |   | 1,134,289 |   |
|  Earnings from operations        |   |                           | 155,014   |   |   |   | 167,184 |   |

----

|                                                          |   | Six Months Ended September 30, |      |
|---------------------------------------------------------------|--------|--------------------------------|-----------|
|                                                          |   | 2009                           |      |   | 2008 |   |
|                                                          |   | (Unaudited)                    |      |
|                                                          |   | (In thousands)                 |      |
|  Self-moving equipment rentals                           |   | $                              | 800,892   |   |   | $ | 829,273 |   |
|  Self-storage revenues                                   |   |                           | 54,416    |   |   |   | 55,452 |   |
|  Self-moving and self-storage products and service sales |   |                           | 113,344   |   |   |   | 120,852 |   |
|  Property management fees                                |   |                           | 8,928     |   |   |   | 9,437 |   |
|  Net investment and interest income                      |   |                           | 13,430    |   |   |   | 15,028 |   |
|  Other revenue                                           |   |                           | 21,075    |   |   |   | 19,477 |   |
|  Moving and Storage revenue                              |   | $                              | 1,012,085 |   |   | $ | 1,049,519 |   |

|                                       |   | Six Months Ended September 30,        |   |
|--------------------------------------------|--------|---------------------------------------|--------|
|                                       |   | 2009                                  |   |   | 2008 |   |
|                                       |   | (Unaudited)                           |   |
|                                       |   | (In thousands, except occupancy rate) |   |
| Room count as of September 30              |   |                                  | 141    |   |   |   | 134 |   |
| Square footage as of September 30          |   |                                  | 11,412 |   |   |   | 10,788 |   |
| Average number of rooms occupied           |   |                                  | 107    |   |   |   | 108 |   |
| Average occupancy rate based on room count |   |                                  | 76.5   | % |   |   | 81.3 | % |
| Average square footage occupied            |   |                                  | 8,836  |   |   |   | 8,853 |   |

----

----

|                      |   | Moving & Storage |      |   | Property and Casualty Insurance (a) |   |    | Oxford (a) |   |
|---------------------------|--------|----------------------|-----------|--------|-------------------------------------|--------|---------|------------|--------|
|                      |   | (Unaudited)          |      |
|                      |   | (In thousands)       |      |
|                      |   |                 |      |   |                                |   |    |       |   |
| Cash and cash equivalents |   | $                    | 353,913   |   |                                | $      | 24,800  |       |   | $ | 6,238 |   |
| Other financial assets    |   |                 | 332,765   |   |                                |   | 374,004 |       |   |   | 532,616 |   |
| Debt obligations          |   |                 | 1,549,425 |   |                                |   | -       |       |   |   | - |   |
|                      |   |                 |      |   |                                |   |    |       |   |   |   |   |
| (a) As of June 30, 2009   |   |                 |      |   |                                |   |    |       |   |   |   |   |

|                                    |   | September 30, 2009 |   |
|-----------------------------------------|--------|--------------------|--------|
|                                    |   | (Unaudited)        |   |
|                                    |   | (In thousands)     |   |
|                                    |   |               |   |
| Real estate loan (revolving credit)     |   | $                  | 30,000 |   |
| Working capital loan (revolving credit) |   |               | 10,000 |   |
|                                    |   | $                  | 40,000 |   |

----

----

----

----

----

Quantitative and Qualitative Disclosures about Market Risk

| Notional Amount                  |    | Fair Value |     | Effective Date |   | Expiration Date |   | Fixed Rate |   | Floating Rate |
|----------------------------------|---------|------------|----------|----------------|--------|-----------------|--------|------------|--------|---------------|
| (Unaudited)                      |
| (In thousands)                   |
|                             |    |       |     |           |   |            |   |       |   |          |   |   |
| $                                | 69,682  |       | (a), (b) |           |   | (5,183          | )      | 5/10/2006  |   | 4/10/2012     |   |   | 5.06 | % | 1 Month LIBOR |
|                             | 72,210  |       | (a), (b) |           |   | (6,553          | )      | 10/10/2006 |   | 10/10/2012    |   |   | 5.57 | % | 1 Month LIBOR |
|                             | 24,487  |       | (a)      |           |   | (2,598          | )      | 7/10/2006  |   | 7/10/2013     |   |   | 5.67 | % | 1 Month LIBOR |
|                             | 269,167 |       | (a)      |           |   | (40,532         | )      | 8/18/2006  |   | 8/10/2018     |   |   | 5.43 | % | 1 Month LIBOR |
|                             | 16,875  |       | (a)      |           |   | (1,588          | )      | 2/12/2007  |   | 2/10/2014     |   |   | 5.24 | % | 1 Month LIBOR |
|                             | 11,492  |       | (a)      |           |   | (1,003          | )      | 3/12/2007  |   | 3/10/2014     |   |   | 4.99 | % | 1 Month LIBOR |
|                             | 11,500  |       | (a)      |           |   | (999            | )      | 3/12/2007  |   | 3/10/2014     |   |   | 4.99 | % | 1 Month LIBOR |
|                             | 15,250  |       | (a), (b) |           |   | (639            | )      | 8/15/2008  |   | 6/15/2015     |   |   | 3.62 | % | 1 Month LIBOR |
|                             | 15,912  |       | (a)      |           |   | (877            | )      | 8/29/2008  |   | 7/10/2015     |   |   | 4.04 | % | 1 Month LIBOR |
|                             | 23,984  |       | (a)      |           |   | (1,448          | )      | 9/30/2008  |   | 9/10/2015     |   |   | 4.16 | % | 1 Month LIBOR |
|                             | 13,751  |       | (a), (b) |           |   | 110             |   | 3/30/2009  |   | 4/15/2016     |   |   | 2.24 | % | 1 Month LIBOR |
|                             |    |       |     |           |   |            |   |       |   |          |   |   |   |   |   |
| (a) interest rate swap agreement |    |       |     |           |   |            |   |       |   |
| (b) forward swap                 |    |       |     |           |   |            |   |

----

Controls and Procedures

----

Legal Proceedings

Risk Factors

Unregistered Sales of Equity Securities and Use of Proceeds

Defaults upon Senior Securities

Submission of Matters to a Vote of Security Holders

|                                    |   | Votes Cast For |       |   | Votes Cast Against |   |      | Withheld |   |   | Abstentions |   |   | Broker Non-Votes |   |
|-----------------------------------------|--------|----------------|------------|--------|--------------------|--------|-----------|----------|--------|--------|-------------|--------|--------|------------------|--------|
|                                    |   |           |       |   |               |   |      |     |   |   |        |   |   |             |   |
| Election of Directors:                  |   |           |       |   |               |   |      |     |   |   |        |   |   |             |   |
|                                    |   |           |       |   |               |   |      |     |   |   |        |   |   |             |   |
| John M. Dodds                           |   |           | 17,649,386 |   |               |   | -         |     |   |   | 66,702      |   |   |             | -      |   |   |   | - |   |
|                                    |   |           |       |   |               |   |      |     |   |   |        |   |   |             |   |   |   |   |   |   |
| James P. Shoen                          |   |           | 15,983,534 |   |               |   | -         |     |   |   | 1,732,554   |   |   |             | -      |   |   |   | - |   |
|                                    |   |           |       |   |               |   |      |     |   |   |        |   |   |             |   |   |   |   |   |   |
| Ratification of Appointment of Auditors |   |           | 17,701,202 |   |               |   | 9,721     |     |   |   | -           |   |   |             | 5,165  |   |   |   | - |   |
|                                    |   |           |       |   |               |   |      |     |   |   |        |   |   |             |   |   |   |   |   |   |
| Ratification of Stockholder Proposal 1  |   |           | 14,076,733 |   |               |   | 3,611,612 |     |   |   | -           |   |   |             | 27,743 |   |   |   | - |   |
|                                    |   |           |       |   |               |   |      |     |   |   |        |   |   |             |   |   |   |   |   |   |
| Ratification of Stockholder Proposal 2  |   |           | 14,076,844 |   |               |   | 3,611,768 |     |   |   | -           |   |   |             | 27,476 |   |   |   | - |   |

----

Other Information

Exhibits

| 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                                                                                                          |

----

----