|   | 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 TelephoneNumber | 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      December 31, 2009 (unaudited) and March 31,2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 1                  |
|          | b)Condensed Consolidated Statements of Operations      for the Quarters ended December 31, 2009 and 2008      (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 2                  |
|          | c)Condensed Consolidated Statements of Operations      for the Nine Months ended December 31, 2009 and 2008      (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 3                  |
|          | d)Condensed Consolidated Statements of Comprehensive      Income for the Quarters and Nine Months ended December 31, 2009 and 2008      (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 4                  |
|          | e)Condensed      Consolidated Statements of Cash Flows for the Nine Months ended December      31, 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                                                                                                                                                                | 57                 |
| Item      6.  | Exhibits                                                                                                                                                                              | 57                 |

----

AMERCO AND CONSOLIDATED ENTITIES

|                                                                                                      |   | December      31,   |       |   | March      31, |   |
|-----------------------------------------------------------------------------------------------------------|--------|---------------------|------------|--------|----------------|--------|
|                                                                                                      |   | 2009                |       |   | 2009           |   |
|                                                                                                      |   | (Unaudited)         |       |   |           |   |
|                                                                                                      |   | (In      thousands) |       |
| ASSETS                                                                                                    |   |                |       |   |           |   |
| Cash      and cash equivalents                                                                            |   | $                   | 411,701    |   |           | $      | 240,587 |   |
| Reinsurance      recoverables and trade receivables, net                                                  |   |                | 203,230    |   |           |   | 213,853 |   |
| Notes      and mortgage receivables, net                                                                  |   |                | 3,590      |   |           |   | 2,931 |   |
| Inventories,      net                                                                                     |   |                | 57,683     |   |           |   | 70,749 |   |
| Prepaid      expenses                                                                                     |   |                | 52,823     |   |           |   | 54,201 |   |
| Investments,      fixed maturities and marketable equities                                                |   |                | 552,672    |   |           |   | 519,631 |   |
| Investments,      other                                                                                   |   |                | 213,871    |   |           |   | 227,022 |   |
| Deferred      policy acquisition costs, net                                                               |   |                | 36,544     |   |           |   | 44,993 |   |
| Other      assets                                                                                         |   |                | 174,453    |   |           |   | 133,644 |   |
| Related      party assets                                                                                 |   |                | 294,767    |   |           |   | 303,534 |   |
|                                                                                                      |   |                | 2,001,334  |   |           |   | 1,811,145 |   |
| Property,      plant and equipment, at cost:                                                              |   |                |       |   |           |   |   |   |
| Land                                                                                                      |   |                | 224,154    |   |           |   | 212,744 |   |
| Buildings      and improvements                                                                           |   |                | 957,212    |   |           |   | 920,294 |   |
| Furniture      and equipment                                                                              |   |                | 327,787    |   |           |   | 333,314 |   |
| Rental      trailers and other rental equipment                                                           |   |                | 242,008    |   |           |   | 214,988 |   |
| Rental      trucks                                                                                        |   |                | 1,555,880  |   |           |   | 1,666,151 |   |
|                                                                                                      |   |                | 3,307,041  |   |           |   | 3,347,491 |   |
| Less:      Accumulated depreciation                                                                       |   |                | (1,338,686 | )      |           |   | (1,333,563 | ) |
| Total      property, plant and equipment                                                                  |   |                | 1,968,355  |   |           |   | 2,013,928 |   |
| Total      assets                                                                                         |   | $                   | 3,969,689  |   |           | $      | 3,825,073 |   |
| LIABILITIES      AND STOCKHOLDERS' EQUITY                                                                 |   |                |       |   |           |   |   |   |
| Liabilities:                                                                                              |   |                |       |   |           |   |   |   |
| Accounts      payable and accrued expenses                                                                |   | $                   | 280,704    |   |           | $      | 329,227 |   |
| Notes,      loans and leases payable                                                                      |   |                | 1,537,903  |   |           |   | 1,546,490 |   |
| Policy      benefits and losses, claims and loss expenses payable                                         |   |                | 808,782    |   |           |   | 779,309 |   |
| Liabilities      from investment contracts                                                                |   |                | 272,654    |   |           |   | 303,332 |   |
| Other      policyholders' funds and liabilities                                                           |   |                | 10,631     |   |           |   | 11,961 |   |
| Deferred      income                                                                                      |   |                | 25,210     |   |           |   | 24,612 |   |
| Deferred      income taxes                                                                                |   |                | 212,692    |   |           |   | 112,513 |   |
| Total      liabilities                                                                                    |   |                | 3,148,576  |   |           |   | 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;                       |   |                |       |   |           |   |   |   |
| 6,020,000      and 6,100,000 shares issued and outstanding as of December 31 and March      31, 2009      |   |                | -          |   |           |   | - |   |
| Series      B preferred stock, with no par value, 100,000 shares authorized;      none                    |   |                |       |   |           |   |   |   |
| issued      and outstanding as of December 31 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 December 31 and March 31,2009                                      |   |                | -          |   |           |   | - |   |
| Common      stock of $0.25 par value, 150,000,000 shares authorized;      41,985,700                      |   |                |       |   |           |   |   |   |
| issued      as of December 31 and March 31, 2009                                                          |   |                | 10,497     |   |           |   | 10,497 |   |
| Additional      paid-in capital                                                                           |   |                | 420,082    |   |           |   | 420,588 |   |
| Accumulated      other comprehensive loss                                                                 |   |                | (56,188    | )      |           |   | (98,000 | ) |
| Retained      earnings                                                                                    |   |                | 977,228    |   |           |   | 915,862 |   |
| Cost      of common shares in treasury, net (22,377,912 shares as of December 31 and      March 31, 2009) |   |                | (525,653   | )      |           |   | (525,653 | ) |
| Unearned      employee stock ownership plan shares                                                        |   |                | (4,853     | )      |           |   | (5,665 | ) |
| Total      stockholders' equity                                                                           |   |                | 821,113    |   |           |   | 717,629 |   |
| Total      liabilities and stockholders' equity                                                           |   | $                   | 3,969,689  |   |           | $      | 3,825,073 |   |

----

AMERCO AND CONSOLIDATED ENTITIES

|                                                                   |   | Quarter      Ended December 31,                         |       |
|------------------------------------------------------------------------|--------|---------------------------------------------------------|------------|
|                                                                   |   | 2009                                                    |       |   | 2008 |   |
|                                                                   |   | (Unaudited)                                             |       |
|                                                                   |   | (In      thousands, except share and per share amounts) |       |
| Revenues:                                                              |   |                                                    |       |   |   |   |
| Self-moving      equipment rentals                                     |   | $                                                       | 321,275    |   |   | $ | 311,557 |   |
| Self-storage      revenues                                             |   |                                                    | 27,931     |   |   |   | 27,397 |   |
| Self-moving      and self-storage products and service sales           |   |                                                    | 41,077     |   |   |   | 38,663 |   |
| Property      management fees                                          |   |                                                    | 5,504      |   |   |   | 6,059 |   |
| Life      insurance premiums                                           |   |                                                    | 39,011     |   |   |   | 27,509 |   |
| Property      and casualty insurance premiums                          |   |                                                    | 7,810      |   |   |   | 8,129 |   |
| Net      investment and interest income                                |   |                                                    | 12,689     |   |   |   | 14,913 |   |
| Other      revenue                                                     |   |                                                    | 8,331      |   |   |   | 8,357 |   |
| Total      revenues                                                    |   |                                                    | 463,628    |   |   |   | 442,584 |   |
|                                                                   |   |                                                    |       |   |   |   |   |   |
| Costs      and expenses:                                               |   |                                                    |       |   |   |   |   |   |
| Operating      expenses                                                |   |                                                    | 244,713    |   |   |   | 261,724 |   |
| Commission      expenses                                               |   |                                                    | 37,974     |   |   |   | 36,664 |   |
| Cost      of sales                                                     |   |                                                    | 20,797     |   |   |   | 23,229 |   |
| Benefits      and losses                                               |   |                                                    | 33,959     |   |   |   | 24,831 |   |
| Amortization      of deferred policy acquisition costs                 |   |                                                    | 2,154      |   |   |   | 2,743 |   |
| Lease      expense                                                     |   |                                                    | 38,447     |   |   |   | 38,719 |   |
| Depreciation,      net of (gains) losses on disposals                  |   |                                                    | 57,026     |   |   |   | 68,675 |   |
| Total      costs and expenses                                          |   |                                                    | 435,070    |   |   |   | 456,585 |   |
|                                                                   |   |                                                    |       |   |   |   |   |   |
| Earnings      (loss) from operations                                   |   |                                                    | 28,558     |   |   |   | (14,001 | ) |
| Interest      expense                                                  |   |                                                    | (23,517    | ) |   |   | (26,000 | ) |
| Pretax      earnings (loss)                                            |   |                                                    | 5,041      |   |   |   | (40,001 | ) |
| Income      tax benefit (expense)                                      |   |                                                    | (1,521     | ) |   |   | 15,049 |   |
| Net      earnings (loss)                                               |   |                                                    | 3,520      |   |   |   | (24,952 | ) |
| Excess      carrying amount of preferred stock over consideration paid |   |                                                    | 10         |   |   |   | - |   |
| Less:      Preferred stock dividends                                   |   |                                                    | (3,205     | ) |   |   | (3,241 | ) |
| Earnings      (loss) available to common shareholders                  |   | $                                                       | 325        |   |   | $ | (28,193 | ) |
| Basic      and diluted earnings (loss) per common share                |   | $                                                       | 0.02       |   |   | $ | (1.46 | ) |
| Weighted      average common shares outstanding: Basic and diluted     |   |                                                    | 19,393,306 |   |   |   | 19,347,660 |   |

----

AMERCO AND CONSOLIDATED ENTITIES

|                                                                   |   | Nine      Months Ended December 31,                     |       |
|------------------------------------------------------------------------|--------|---------------------------------------------------------|------------|
|                                                                   |   | 2009                                                    |       |   | 2008 |   |
|                                                                   |   | (Unaudited)                                             |       |
|                                                                   |   | (In      thousands, except share and per share amounts) |       |
| Revenues:                                                              |   |                                                    |       |   |   |   |
| Self-moving      equipment rentals                                     |   | $                                                       | 1,121,419  |   |   | $ | 1,140,830 |   |
| Self-storage      revenues                                             |   |                                                    | 82,347     |   |   |   | 82,849 |   |
| Self-moving      and self-storage products and service sales           |   |                                                    | 154,421    |   |   |   | 159,515 |   |
| Property      management fees                                          |   |                                                    | 14,432     |   |   |   | 15,496 |   |
| Life      insurance premiums                                           |   |                                                    | 95,353     |   |   |   | 81,525 |   |
| Property      and casualty insurance premiums                          |   |                                                    | 21,071     |   |   |   | 21,612 |   |
| Net      investment and interest income                                |   |                                                    | 38,908     |   |   |   | 44,492 |   |
| Other      revenue                                                     |   |                                                    | 30,260     |   |   |   | 30,554 |   |
| Total      revenues                                                    |   |                                                    | 1,558,211  |   |   |   | 1,576,873 |   |
|                                                                   |   |                                                    |       |   |   |   |   |   |
| Costs      and expenses:                                               |   |                                                    |       |   |   |   |   |   |
| Operating      expenses                                                |   |                                                    | 776,944    |   |   |   | 800,527 |   |
| Commission      expenses                                               |   |                                                    | 133,483    |   |   |   | 138,711 |   |
| Cost      of sales                                                     |   |                                                    | 79,606     |   |   |   | 90,856 |   |
| Benefits      and losses                                               |   |                                                    | 87,460     |   |   |   | 74,577 |   |
| Amortization      of deferred policy acquisition costs                 |   |                                                    | 6,367      |   |   |   | 7,169 |   |
| Lease      expense                                                     |   |                                                    | 117,746    |   |   |   | 111,803 |   |
| Depreciation,      net of (gains) losses on disposals                  |   |                                                    | 173,033    |   |   |   | 200,047 |   |
| Total      costs and expenses                                          |   |                                                    | 1,374,639  |   |   |   | 1,423,690 |   |
|                                                                   |   |                                                    |       |   |   |   |   |   |
| Earnings      from operations                                          |   |                                                    | 183,572    |   |   |   | 153,183 |   |
| Interest      expense                                                  |   |                                                    | (70,676    | ) |   |   | (74,774 | ) |
| Pretax      earnings                                                   |   |                                                    | 112,896    |   |   |   | 78,409 |   |
| Income      tax expense                                                |   |                                                    | (42,253    | ) |   |   | (29,711 | ) |
| Net      earnings                                                      |   |                                                    | 70,643     |   |   |   | 48,698 |   |
| Excess      carrying amount of preferred stock over consideration paid |   |                                                    | 381        |   |   |   | - |   |
| Less:      Preferred stock dividends                                   |   |                                                    | (9,658     | ) |   |   | (9,723 | ) |
| Earnings      available to common shareholders                         |   | $                                                       | 61,366     |   |   | $ | 38,975 |   |
| Basic      and diluted earnings per common share                       |   | $                                                       | 3.17       |   |   | $ | 2.01 |   |
| Weighted      average common shares outstanding: Basic and diluted     |   |                                                    | 19,381,579 |   |   |   | 19,347,302 |   |

----

AMERCO AND CONSOLIDATED ENTITIES

|                                                |   | Quarter      Ended December 31, |   |
|-----------------------------------------------------|--------|---------------------------------|--------|
|                                                |   | 2009                            |   |   | 2008 |   |
|                                                |   | (Unaudited)                     |   |
|                                                |   | (In      thousands)             |   |
| Comprehensive      income (loss):                   |   |                            |   |   |   |   |
| Net      earnings (loss)                            |   | $                               | 3,520  |   |   | $ | (24,952 | ) |
| Other      comprehensive income (loss), net of tax: |   |                            |   |   |   |   |   |   |
| Foreign      currency translation                   |   |                            | 1,830  |   |   |   | (11,178 | ) |
| Unrealized      gain (loss) on investments          |   |                            | 8,506  |   |   |   | (6,444 | ) |
| Change      in fair value of cash flow hedges       |   |                            | 6,103  |   |   |   | (32,661 | ) |
| Total      comprehensive income (loss)              |   | $                               | 19,959 |   |   | $ | (75,235 | ) |

|                                                |   | Nine      Months Ended December 31, |    |
|-----------------------------------------------------|--------|-------------------------------------|---------|
|                                                |   | 2009                                |    |   | 2008 |   |
|                                                |   | (Unaudited)                         |    |
|                                                |   | (In      thousands)                 |    |
| Comprehensive      income:                          |   |                                |    |   |   |   |
| Net      earnings                                   |   | $                                   | 70,643  |   |   | $ | 48,698 |   |
| Other      comprehensive income (loss), net of tax: |   |                                |    |   |   |   |   |   |
| Foreign      currency translation                   |   |                                | 11,733  |   |   |   | (13,471 | ) |
| Unrealized      gain (loss) on investments          |   |                                | 13,452  |   |   |   | (10,118 | ) |
| Change      in fair value of cash flow hedges       |   |                                | 16,627  |   |   |   | (21,234 | ) |
| Total      comprehensive income                     |   | $                                   | 112,455 |   |   | $ | 3,875 |   |

----

AMERCO AND CONSOLIDATED ENTITIES

|                                                                             |   | Nine      Months Ended December 31, |     |
|----------------------------------------------------------------------------------|--------|-------------------------------------|----------|
|                                                                             |   | 2009                                |     |   | 2008 |   |
|                                                                             |   | (Unaudited)                         |     |
|                                                                             |   | (In      thousands)                 |     |
|  Cash      flow from operating activities:                                  |   |                                |     |   |   |   |
|  Net      earnings                                                          |   | $                                   | 70,643   |   |   | $ | 48,698 |   |
|  Adjustments      to reconcile net earnings to cash provided by operations: |   |                                |     |   |   |   |   |   |
|  Depreciation                                                               |   |                                | 174,539  |   |   |   | 185,027 |   |
|  Amortization      of deferred policy acquisition costs                     |   |                                | 6,367    |   |   |   | 7,169 |   |
|  Change      in allowance for losses on trade receivables                   |   |                                | 139      |   |   |   | (138 | ) |
|  Change      in allowance for losses on mortgage notes                      |   |                                | (6       | ) |   |   | (308 | ) |
|  Change      in allowance for inventory reserves                            |   |                                | 2,422    |   |   |   | 1,488 |   |
|  Net      (gain) loss on sale of real and personal property                 |   |                                | (1,506   | ) |   |   | 15,020 |   |
|  Net      (gain) loss on sale of investments                                |   |                                | (850     | ) |   |   | 153 |   |
|  Deferred      income taxes                                                 |   |                                | 39,767   |   |   |   | 22,108 |   |
|  Net      change in other operating assets and liabilities:                 |   |                                |     |   |   |   |   |   |
| Reinsurance      recoverables and trade receivables                              |   |                                | 10,478   |   |   |   | (6,351 | ) |
| Inventories                                                                      |   |                                | 10,644   |   |   |   | (11,573 | ) |
| Prepaid      expenses                                                            |   |                                | 1,378    |   |   |   | 6,726 |   |
| Capitalization      of deferred policy acquisition costs                         |   |                                | (10,383  | ) |   |   | (7,509 | ) |
| Other      assets                                                                |   |                                | 4,535    |   |   |   | (4,280 | ) |
| Related      party assets                                                        |   |                                | 2,152    |   |   |   | 3,786 |   |
| Accounts      payable and accrued expenses                                       |   |                                | (22,754  | ) |   |   | (6,924 | ) |
| Policy      benefits and losses, claims and loss expenses payable                |   |                                | 27,010   |   |   |   | (3,770 | ) |
| Other      policyholders' funds and liabilities                                  |   |                                | (1,329   | ) |   |   | (2,599 | ) |
| Deferred      income                                                             |   |                                | 418      |   |   |   | 10,675 |   |
| Related      party liabilities                                                   |   |                                | (976     | ) |   |   | (4,493 | ) |
|  Net      cash provided by operating activities                             |   |                                | 312,688  |   |   |   | 252,905 |   |
|                                                                             |   |                                |     |   |   |   |   |   |
|  Cash      flows from investing activities:                                 |   |                                |     |   |   |   |   |   |
|  Purchases      of:                                                         |   |                                |     |   |   |   |   |   |
| Property,      plant and equipment                                               |   |                                | (212,859 | ) |   |   | (316,970 | ) |
| Short      term investments                                                      |   |                                | (206,681 | ) |   |   | (253,786 | ) |
| Fixed      maturities investments                                                |   |                                | (129,401 | ) |   |   | (126,375 | ) |
| Preferred      stock                                                             |   |                                | (1,539   | ) |   |   | (2,000 | ) |
| Real      estate                                                                 |   |                                | (457     | ) |   |   | (412 | ) |
| Mortgage      loans                                                              |   |                                | (2,213   | ) |   |   | (12,146 | ) |
|  Proceeds      from sale of:                                                |   |                                |     |   |   |   |   |   |
| Property,      plant and equipment                                               |   |                                | 130,789  |   |   |   | 106,435 |   |
| Short      term investments                                                      |   |                                | 216,932  |   |   |   | 244,399 |   |
| Fixed      maturities investments                                                |   |                                | 127,244  |   |   |   | 195,451 |   |
| Equity      securities                                                           |   |                                | -        |   |   |   | 28 |   |
| Preferred      stock                                                             |   |                                | 2,236    |   |   |   | - |   |
| Real      estate                                                                 |   |                                | 53       |   |   |   | 704 |   |
| Mortgage      loans                                                              |   |                                | 4,728    |   |   |   | 5,165 |   |
| Payments      from notes and mortgage receivables                                |   |                                | 131      |   |   |   | 816 |   |
|  Net      cash used by investing activities                                 |   |                                | (71,037  | ) |   |   | (158,691 | ) |
|                                                                             |   |                                |     |   |   |   |   |   |
|  Cash      flows from financing activities:                                 |   |                                |     |   |   |   |   |   |
| Borrowings      from credit facilities                                           |   |                                | 63,093   |   |   |   | 165,330 |   |
| Principal      repayments on credit facilities                                   |   |                                | (98,877  | ) |   |   | (117,207 | ) |
| Debt      issuance costs                                                         |   |                                | (2,325   | ) |   |   | (360 | ) |
| Capital      lease payments                                                      |   |                                | (2,519   | ) |   |   | (561 | ) |
| Leveraged      Employee Stock Ownership Plan - repayments from loan              |   |                                | 812      |   |   |   | 951 |   |
| Repurchase      of stock                                                         |   |                                | -        |   |   |   | (963 | ) |
| Preferred      stock dividends paid                                              |   |                                | (9,658   | ) |   |   | (9,723 | ) |
| Dividend      from related party                                                 |   |                                | 7,764    |   |   |   | - |   |
| Investment      contract deposits                                                |   |                                | 8,230    |   |   |   | 14,460 |   |
| Investment      contract withdrawals                                             |   |                                | (38,908  | ) |   |   | (39,867 | ) |
|  Net      cash provided (used) by financing activities                      |   |                                | (72,388  | ) |   |   | 12,060 |   |
|                                                                             |   |                                |     |   |   |   |   |   |
|  Effects      of exchange rate on cash                                      |   |                                | 1,851    |   |   |   | (1,379 | ) |
|                                                                             |   |                                |     |   |   |   |   |   |
|  Increase      in cash and cash equivalents                                 |   |                                | 171,114  |   |   |   | 104,895 |   |
|  Cash      and cash equivalents at the beginning of period                  |   |                                | 240,587  |   |   |   | 206,622 |   |
|  Cash      and cash equivalents at the end of period                        |   | $                                   | 411,701  |   |   | $ | 311,517 |   |

----

AMERCO AND CONSOLIDATED ENTITIES

----

----

|                                                     |   | AmortizedCost       |    |   | GrossUnrealizedGains |   |   | GrossUnrealizedLosses      More than 12 Months |   |   | GrossUnrealizedLosses      Less than 12 Months |   |   | EstimatedMarketValue |   |
|----------------------------------------------------------|--------|---------------------|---------|--------|----------------------|--------|--------|------------------------------------------------|--------|--------|------------------------------------------------|--------|--------|----------------------|--------|
|                                                     |   | (Unaudited)         |    |
|                                                     |   | (In      thousands) |    |
| U.S.      treasury securities and government obligations |   | $                   | 55,208  |   |                 | $      | 2,543  |                                           |   | $      | (13                                            | )      |   | $                    | (51    | ) |   | $ | 57,687 |   |
| U.S.      government agency mortgage-backed securities   |   |                | 92,611  |   |                 |   | 5,814  |                                           |   |   | -                                              |   |   |                 | -      |   |   |   | 98,425 |   |
| Obligations      of states and political subdivisions    |   |                | 16,141  |   |                 |   | 325    |                                           |   |   | (253                                           | )      |   |                 | (655   | ) |   |   | 15,558 |   |
| Corporate      securities                                |   |                | 344,814 |   |                 |   | 15,421 |                                           |   |   | (4,470                                         | )      |   |                 | (542   | ) |   |   | 355,223 |   |
| Mortgage-backed      securities                          |   |                | 10,323  |   |                 |   | 166    |                                           |   |   | (911                                           | )      |   |                 | (13    | ) |   |   | 9,565 |   |
| Redeemable      preferred stocks                         |   |                | 20,658  |   |                 |   | 864    |                                           |   |   | (3,447                                         | )      |   |                 | -      |   |   |   | 18,075 |   |
| Common      stocks                                       |   |                | 70      |   |                 |   | -      |                                           |   |   | -                                              |   |   |                 | (57    | ) |   |   | 13 |   |
| Less:      Preferred stock of AMERCO held by RepWest     |   |                | (1,539  | )      |                 |   | (335   | )                                              |   |   | -                                              |   |   |                 | -      |   |   |   | (1,874 | ) |
|                                                     |   | $                   | 538,286 |   |                 | $      | 24,798 |                                           |   | $      | (9,094                                         | )      |   | $                    | (1,318 | ) |   | $ | 552,672 |   |

----

|                                                           |   | Credit      Loss    |   |
|----------------------------------------------------------------|--------|---------------------|--------|
|                                                           |   | (Unaudited)         |   |
|                                                           |   | (In      thousands) |   |
| Balance      at March 31, 2009                                 |   | $                   | -      |   |
| Additions:                                                     |   |                |   |   |
| Other-than-temporary      impairment not previously recognized |   |                | 322    |   |
| Balance      at June 30, 2009                                  |   |                | 322    |   |
| Additions:                                                     |   |                |   |   |
| Other-than-temporary      impairment not previously recognized |   |                | 230    |   |
| Balance      at September 30, 2009                             |   | $                   | 552    |   |
|                                                           |   |                |   |   |

|                                                 |   | AmortizedCost       |    |   | EstimatedMarketValue |   |
|------------------------------------------------------|--------|---------------------|---------|--------|----------------------|--------|
|                                                 |   | (Unaudited)         |    |
|                                                 |   | (In      thousands) |    |
| Due      in one year or less                         |   | $                   | 36,389  |   |                 | $      | 36,348 |   |
| Due      after one year through five years           |   |                | 158,054 |   |                 |   | 164,237 |   |
| Due      after five years through ten years          |   |                | 100,481 |   |                 |   | 105,618 |   |
| After      ten years                                 |   |                | 213,850 |   |                 |   | 220,690 |   |
|                                                 |   |                | 508,774 |   |                 |   | 526,893 |   |
|                                                 |   |                |    |   |                 |   |   |   |
| Mortgage      backed securities                      |   |                | 10,323  |   |                 |   | 9,565 |   |
| Redeemable      preferred stocks                     |   |                | 20,658  |   |                 |   | 18,075 |   |
| Equity      securities                               |   |                | 70      |   |                 |   | 13 |   |
| Less:      Preferred stock of AMERCO held by RepWest |   |                | (1,539  | )      |                 |   | (1,874 | ) |
|                                                 |   | $                   | 538,286 |   |                 | $      | 552,672 |   |

----

|                                                                                                         |   |               |              |   |       |   |      | December      31,   |   |   | March      31, |   |
|--------------------------------------------------------------------------------------------------------------|--------|--------------------|-------------------|--------|------------|--------|-----------|---------------------|--------|--------|----------------|--------|
|                                                                                                         |   | 2010      Rate (a) |              |   | Maturities |   |      | 2009                |   |   | 2009           |   |
|                                                                                                         |   |               |              |   |       |   |      | (Unaudited)         |   |   |           |   |
|                                                                                                         |   |               |              |   |       |   |      | (In      thousands) |   |
|                                                                                                         |   |               |              |   |       |   |      |                |   |   |           |   |
| Real      estate loan (amortizing term)                                                                      |   |               | 6.93              | %      |       |   | 2018      |                |   | $      | 267,500        |   |   | $ | 275,000 |   |
| Real      estate loan (revolving credit)                                                                     |   |               | 1.74              | %      |       |   | 2018      |                |   |   | 170,000        |   |   |   | 170,000 |   |
| Real      estate loan (amortizing term) (b)                                                                  |   |               | 5.00              | %      |       |   | 2010      |                |   |   | 32,047         |   |   |   | 37,280 |   |
| Senior      mortgages                                                                                        |   |               | 5.47%      - 6.13 | %      |       |   | 2015-2016 |                |   |   | 492,075        |   |   |   | 496,156 |   |
| Working      capital loan (revolving credit)                                                                 |   |               | 1.78              | %      |       |   | 2011      |                |   |   | 25,000         |   |   |   | - |   |
| Fleet      loans (amortizing term)                                                                           |   |               | 4.87%      - 7.95 | %      |       |   | 2012-2016 |                |   |   | 279,889        |   |   |   | 299,505 |   |
| Fleet      loans (securitization)                                                                            |   |               | 5.40%      - 5.56 | %      |       |   | 2010-2014 |                |   |   | 232,651        |   |   |   | 256,690 |   |
| Other      obligations                                                                                       |   |               | 5.64%      - 9.50 | %      |       |   | 2010-2016 |                |   |   | 38,741         |   |   |   | 11,859 |   |
| Total      notes, loans and leases payable                                                                   |   |               |              |   |       |   |      |                |   | $      | 1,537,903      |   |   | $ | 1,546,490 |   |
|                                                                                                         |   |
| (a)      Interest rate as of December 31, 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 December 31, |    |
|-----------------------------------------------|--------|-------------------------------|---------|
|                                          |   | 2010                          |    |   | 2011 |   |   | 2012 |   |   | 2013 |   |   | 2014 |   |   | Thereafter |   |
|                                          |   | (Unaudited)                   |    |
|                                          |   | (In      thousands)           |    |
|                                          |   |
| Notes,      loans and leases payable, secured |   | $                             | 202,463 |   |   | $ | 115,513 |   |   | $ | 158,670 |   |   | $ | 56,409 |   |   | $ | 153,284 |   |   | $ | 851,564 |   |
|                                          |   |

----

|                                             |   | Quarter      Ended December 31, |   |
|--------------------------------------------------|--------|---------------------------------|--------|
|                                             |   | 2009                            |   |   | 2008 |   |
|                                             |   | (Unaudited)                     |   |
|                                             |   | (In      thousands)             |   |
|                                             |   |                            |   |   |   |   |
| Interest      expense                            |   | $                               | 16,135 |   |   | $ | 20,641 |   |
| Capitalized      interest                        |   |                            | (166   | ) |   |   | (292 | ) |
| Amortization      of transaction costs           |   |                            | 1,269  |   |   |   | 1,207 |   |
| Interest      expense resulting from derivatives |   |                            | 6,279  |   |   |   | 4,444 |   |
| Total      interest expense                      |   | $                               | 23,517 |   |   | $ | 26,000 |   |

|                                             |   | Nine      Months Ended December 31, |   |
|--------------------------------------------------|--------|-------------------------------------|--------|
|                                             |   | 2009                                |   |   | 2008 |   |
|                                             |   | (Unaudited)                         |   |
|                                             |   | (In      thousands)                 |   |
|                                             |   |                                |   |   |   |   |
| Interest      expense                            |   | $                                   | 48,411 |   |   | $ | 60,230 |   |
| Capitalized      interest                        |   |                                | (459   | ) |   |   | (537 | ) |
| Amortization      of transaction costs           |   |                                | 3,678  |   |   |   | 3,717 |   |
| Interest      expense resulting from derivatives |   |                                | 19,046 |   |   |   | 11,364 |   |
| Total      interest expense                      |   | $                                   | 70,676 |   |   | $ | 74,774 |   |

----

| Original      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      |   |
|                                                           |   | December      31, 2009     |   |   | March      31, 2009 |   |
|                                                           |   | (Unaudited)                |   |   |   |   |
|                                                           |   | (In      thousands)        |   |
| Interest      rate contracts designated as hedging instruments |   | $                          | 51,028 |   |   | $ | 79,118 |   |

| The      Effect of Interest Rate Contracts on the Statement of      Operations                                                      |   | December      31, 2009 |   |
|-------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|--------|
|                                                                                                                                |   | (Unaudited)            |   |
|                                                                                                                                |   | (In      thousands)    |   |
|                                                                                                                                |   |                   |   |
| Loss      recognized in income on interest rate contracts                                                                           |   | $                      | 19,046 |   |
| Gain      recognized in AOCI on interest rate contracts (effective      portion)                                                    |   | $                      | 26,816 |   |
| Loss      reclassified from AOCI into income (effective portion)                                                                    |   | $                      | 20,320 |   |
| Gain      recognized in income on interest rate contracts (ineffective portion and      amount excluded from effectiveness testing) |   | $                      | 1,274  |   |

|                                                   |   | Revolving      Credit Activity             |    |
|--------------------------------------------------------|--------|--------------------------------------------|---------|
|                                                   |   | Quarter      Ended December 31,            |    |
|                                                   |   | 2009                                       |    |   | 2008 |   |
|                                                   |   | (Unaudited)                                |    |
|                                                   |   | (In      thousands, except interest rates) |    |
|                                                   |   |                                       |    |   |   |   |
| Weighted      average interest rate during the quarter |   |                                       | 1.75    | % |   |   | 4.19 | % |
| Interest      rate at the end of the quarter           |   |                                       | 1.75    | % |   |   | 3.34 | % |
| Maximum      amount outstanding during the quarter     |   | $                                          | 195,000 |   |   | $ | 212,280 |   |
| Average      amount outstanding during the quarter     |   | $                                          | 195,000 |   |   | $ | 204,672 |   |
| Facility      fees                                     |   | $                                          | 229     |   |   | $ | 225 |   |

----

|                                                             |   | Revolving      Credit Activity             |    |
|------------------------------------------------------------------|--------|--------------------------------------------|---------|
|                                                             |   | Nine      Months Ended December 31,        |    |
|                                                             |   | 2009                                       |    |   | 2008 |   |
|                                                             |   | (Unaudited)                                |    |
|                                                             |   | (In      thousands, except interest rates) |    |
|                                                             |   |                                       |    |   |   |   |
| Weighted      average interest rate during the first nine months |   |                                       | 1.81    | % |   |   | 4.15 | % |
| Interest      rate at the end of the first nine months           |   |                                       | 1.75    | % |   |   | 3.34 | % |
| Maximum      amount outstanding during the first nine months     |   | $                                          | 207,280 |   |   | $ | 212,280 |   |
| Average      amount outstanding during the first nine months     |   | $                                          | 195,386 |   |   | $ | 167,672 |   |
| Facility      fees                                               |   | $                                          | 709     |   |   | $ | 397 |   |

|                                          |   | 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             |   |                              | 11,733  |   |                                       |   | -      |                                       |   |   | -                                           |   |   |                                               | -      |   |   |   | 11,733 |   |
| Unrealized      gain on investments           |   |                              | -       |   |                                       |   | 13,452 |                                       |   |   | -                                           |   |   |                                               | -      |   |   |   | 13,452 |   |
| Change      in fair value of cash flow hedges |   |                              | -       |   |                                       |   | -      |                                       |   |   | 16,627                                      |   |   |                                               | -      |   |   |   | 16,627 |   |
| Balance      at December 31, 2009             |   | $                                 | (31,880 | )      |                                       | $      | 6,129  |                                       |   | $      | (31,784                                     | )      |   | $                                                  | 1,347  |   |   | $ | (56,188 | ) |

----

|                         |   | Property,Plant      andEquipment |   |   | RentalEquipment     |   |    | Total  |   |
|------------------------------|--------|----------------------------------|--------|--------|---------------------|--------|---------|--------|--------|
|                         |   | (Unaudited)                      |   |
|                         |   |                             |   |   | (In      thousands) |   |    |   |   |
| Year-ended      December 31: |   |                             |   |   |                |   |    |   |   |
| 2010                         |   | $                                | 15,533 |   |                | $      | 125,143 |   |   | $ | 140,676 |   |
| 2011                         |   |                             | 14,324 |   |                |   | 108,599 |   |   |   | 122,923 |   |
| 2012                         |   |                             | 13,988 |   |                |   | 93,930  |   |   |   | 107,918 |   |
| 2013                         |   |                             | 13,020 |   |                |   | 76,120  |   |   |   | 89,140 |   |
| 2014                         |   |                             | 5,768  |   |                |   | 52,388  |   |   |   | 58,156 |   |
| Thereafter                   |   |                             | 6,136  |   |                |   | 32,340  |   |   |   | 38,476 |   |
| Total                        |   | $                                | 68,769 |   |                | $      | 488,520 |   |   | $ | 557,289 |   |

----

----

----

|                                                          |   | December      31,   |    |   | March      31, |   |
|---------------------------------------------------------------|--------|---------------------|---------|--------|----------------|--------|
|                                                          |   | 2009                |    |   | 2009           |   |
|                                                          |   | (Unaudited)         |    |   |           |   |
|                                                          |   | (In      thousands) |    |
| U-Haul      notes, receivables and interest from Private Mini |   | $                   | 72,814  |   |           | $      | 70,584 |   |
| U-Haul      notes receivable from SAC Holdings                |   |                | 197,087 |   |           |   | 197,552 |   |
| U-Haul      interest receivable from SAC Holdings             |   |                | 12,818  |   |           |   | 8,815 |   |
| U-Haul      receivable from SAC Holdings                      |   |                | 13,855  |   |           |   | 20,517 |   |
| U-Haul      receivable from Mercury                           |   |                | 5,874   |   |           |   | 6,264 |   |
| Other      (a)                                                |   |                | (7,681  | )      |           |   | (198 | ) |
|                                                          |   | $                   | 294,767 |   |           | $      | 303,534 |   |

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

|   | (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                             |   | $                         | 444       |   |   | $                       | 373,148    |   |   | $ | 3 |   |   | $ | - |   |   |   | $ | 373,595 |   |   | $ | 22,330 |   |   | $ | 15,776 |   |   | $ | - |   |   |   | $ | 411,701 |   |
| Reinsurance      recoverables and trade receivables, net   |   |                      | -         |   |   |                    | 18,385     |   |   |   | 24 |   |   |   | - |   |   |   |   | 18,409 |   |   |   | 170,704 |   |   |   | 14,117 |   |   |   | - |   |   |   |   | 203,230 |   |
| Notes      and mortgage receivables, net                   |   |                      | -         |   |   |                    | 2,234      |   |   |   | 1,356 |   |   |   | - |   |   |   |   | 3,590 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 3,590 |   |
| Inventories,      net                                      |   |                      | -         |   |   |                    | 57,683     |   |   |   | - |   |   |   | - |   |   |   |   | 57,683 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 57,683 |   |
| Prepaid      expenses                                      |   |                      | 466       |   |   |                    | 51,952     |   |   |   | 405 |   |   |   | - |   |   |   |   | 52,823 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 52,823 |   |
| Investments,      fixed maturities and marketable equities |   |                      | -         |   |   |                    | -          |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 101,947 |   |   |   | 452,599 |   |   |   | (1,874 | ) | (d) |   |   | 552,672 |   |
| Investments,      other                                    |   |                      | -         |   |   |                    | 1,078      |   |   |   | 13,950 |   |   |   | - |   |   |   |   | 15,028 |   |   |   | 106,052 |   |   |   | 92,791 |   |   |   | - |   |   |   |   | 213,871 |   |
| Deferred      policy acquisition costs, net                |   |                      | -         |   |   |                    | -          |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 36,544 |   |   |   | - |   |   |   |   | 36,544 |   |
| Other      assets                                          |   |                      | 42,993    |   |   |                    | 102,537    |   |   |   | 27,797 |   |   |   | - |   |   |   |   | 173,327 |   |   |   | 581 |   |   |   | 545 |   |   |   | - |   |   |   |   | 174,453 |   |
| Related      party assets                                  |   |                      | 1,293,580 |   |   |                    | 246,866    |   |   |   | 59,157 |   |   |   | (1,295,376 | ) | (c) |   |   | 304,227 |   |   |   | 2,643 |   |   |   | - |   |   |   | (12,103 | ) | (c) |   |   | 294,767 |   |
|                                                       |   |                      | 1,337,483 |   |   |                    | 853,883    |   |   |   | 102,692 |   |   |   | (1,295,376 | ) |   |   |   | 998,682 |   |   |   | 404,257 |   |   |   | 612,372 |   |   |   | (13,977 | ) |   |   |   | 2,001,334 |   |
|                                                       |   |                      |      |   |   |                    |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment      in subsidiaries                            |   |                      | (258,967  | )      |   |                    | -          |   |   |   | - |   |   |   | 580,413 |   | (b) |   |   | 321,446 |   |   |   | - |   |   |   | - |   |   |   | (321,446 | ) | (b) |   |   | - |   |
|                                                       |   |                      |      |   |   |                    |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Property,      plant and equipment, at cost:               |   |                      |      |   |   |                    |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Land                                                       |   |                      | -         |   |   |                    | 43,775     |   |   |   | 180,379 |   |   |   | - |   |   |   |   | 224,154 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 224,154 |   |
| Buildings      and improvements                            |   |                      | -         |   |   |                    | 154,686    |   |   |   | 802,526 |   |   |   | - |   |   |   |   | 957,212 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 957,212 |   |
| Furniture      and equipment                               |   |                      | 251       |   |   |                    | 309,392    |   |   |   | 18,144 |   |   |   | - |   |   |   |   | 327,787 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 327,787 |   |
| Rental      trailers and other rental equipment            |   |                      | -         |   |   |                    | 242,008    |   |   |   | - |   |   |   | - |   |   |   |   | 242,008 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 242,008 |   |
| Rental      trucks                                         |   |                      | -         |   |   |                    | 1,555,880  |   |   |   | - |   |   |   | - |   |   |   |   | 1,555,880 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 1,555,880 |   |
|                                                       |   |                      | 251       |   |   |                    | 2,305,741  |   |   |   | 1,001,049 |   |   |   | - |   |   |   |   | 3,307,041 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 3,307,041 |   |
| Less:  Accumulated      depreciation             |   |                      | (216      | )      |   |                    | (1,009,774 | ) |   |   | (328,696 | ) |   |   | - |   |   |   |   | (1,338,686 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (1,338,686 | ) |
| Total      property, plant and equipment                   |   |                      | 35        |   |   |                    | 1,295,967  |   |   |   | 672,353 |   |   |   | - |   |   |   |   | 1,968,355 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 1,968,355 |   |
| Total      assets                                          |   | $                         | 1,078,551 |   |   | $                       | 2,149,850  |   |   | $ | 775,045 |   |   | $ | (714,963 | ) |   |   | $ | 3,288,483 |   |   | $ | 404,257 |   |   | $ | 612,372 |   |   | $ | (335,423 | ) |   |   | $ | 3,969,689 |   |
|                                                       |   |                      |      |   |   |                    |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (a)      Balances as of September 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                        |   | $                         | 1,104     |   |   | $                       | 258,820   |   |   | $ | 5,004 |   |   | $ | - |   |   |   | $ | 264,928 |   |   | $ | - |   |   | $ | 15,776 |   |   | $ | - |   |   |   |   | $ | 280,704 |   |
| Notes,      loans and leases payable                              |   |                      | -         |   |   |                    | 603,277   |   |   |   | 934,626 |   |   |   | - |   |   |   |   | 1,537,903 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 1,537,903 |   |
| Policy      benefits and losses, claims and loss expenses payable |   |                      | -         |   |   |                    | 385,402   |   |   |   | - |   |   |   | - |   |   |   |   | 385,402 |   |   |   | 273,493 |   |   |   | 149,887 |   |   |   | - |   |   |   |   |   | 808,782 |   |
| Liabilities      from investment contracts                        |   |                      | -         |   |   |                    | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 272,654 |   |   |   | - |   |   |   |   |   | 272,654 |   |
| Other      policyholders' funds and liabilities                   |   |                      | -         |   |   |                    | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 8,458 |   |   |   | 2,173 |   |   |   | - |   |   |   |   |   | 10,631 |   |
| Deferred      income                                              |   |                      | -         |   |   |                    | 25,210    |   |   |   | - |   |   |   | - |   |   |   |   | 25,210 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 25,210 |   |
| Deferred      income taxes                                        |   |                      | 249,724   |   |   |                    | -         |   |   |   | - |   |   |   | - |   |   |   |   | 249,724 |   |   |   | (33,589 | ) |   |   | (3,326 | ) |   |   | (117 | ) |   | (d) |   |   | 212,692 |   |
| Related      party liabilities                                    |   |                      | -         |   |   |                    | 1,297,822 |   |   |   | - |   |   |   | (1,295,376 | ) | (c) |   |   | 2,446 |   |   |   | 1,714 |   |   |   | 179 |   |   |   | (4,339 | ) |   | (c) |   |   | - |   |
| Total      liabilities                                            |   |                      | 250,828   |   |   |                    | 2,570,531 |   |   |   | 939,630 |   |   |   | (1,295,376 | ) |   |   |   | 2,465,613 |   |   |   | 250,076 |   |   |   | 437,343 |   |   |   | (4,456 | ) |   |   |   |   | 3,148,576 |   |
|                                                              |   |                      |      |   |   |                    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stockholders'      equity:                                        |   |                      |      |   |   |                    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Series      preferred stock:                                      |   |                      |      |   |   |                    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Series      A preferred stock                                     |   |                      | -         |   |   |                    | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | - |   |
| Series      B preferred stock                                     |   |                      | -         |   |   |                    | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | - |   |
| Series      A common stock                                        |   |                      | -         |   |   |                    | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | - |   |
| Common      stock                                                 |   |                      | 10,497    |   |   |                    | 540       |   |   |   | 1 |   |   |   | (541 | ) | (b) |   |   | 10,497 |   |   |   | 3,301 |   |   |   | 2,500 |   |   |   | (5,801 | ) |   | (b) |   |   | 10,497 |   |
| Additional      paid-in capital                                   |   |                      | 422,002   |   |   |                    | 121,230   |   |   |   | 147,941 |   |   |   | (269,171 | ) | (b) |   |   | 422,002 |   |   |   | 89,620 |   |   |   | 26,271 |   |   |   | (117,811 | ) |   | (b,d) |   |   | 420,082 |   |
| Accumulated      other comprehensive income (loss)                |   |                      | (55,970   | )      |   |                    | (62,317   | ) |   |   | - |   |   |   | 62,317 |   | (b) |   |   | (55,970 | ) |   |   | (381 | ) |   |   | 6,728 |   |   |   | (6,565 | ) |   | (b,d) |   |   | (56,188 | ) |
| Retained      earnings (deficit)                                  |   |                      | 976,847   |   |   |                    | (475,281  | ) |   |   | (312,527 | ) |   |   | 787,808 |   | (b) |   |   | 976,847 |   |   |   | 61,641 |   |   |   | 139,530 |   |   |   | (200,790 | ) |   | (b,d) |   |   | 977,228 |   |
| Cost      of common shares in treasury, net                       |   |                      | (525,653  | )      |   |                    | -         |   |   |   | - |   |   |   | - |   |   |   |   | (525,653 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | (525,653 | ) |
| Unearned      employee stock ownership plan shares                |   |                      | -         |   |   |                    | (4,853    | ) |   |   | - |   |   |   | - |   |   |   |   | (4,853 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | (4,853 | ) |
| Total      stockholders' equity (deficit)                         |   |                      | 827,723   |   |   |                    | (420,681  | ) |   |   | (164,585 | ) |   |   | 580,413 |   |   |   |   | 822,870 |   |   |   | 154,181 |   |   |   | 175,029 |   |   |   | (330,967 | ) |   |   |   |   |   | 821,113 |   |
| Total      liabilities and stockholders' equity                   |   | $                         | 1,078,551 |   |   | $                       | 2,149,850 |   |   | $ | 775,045 |   |   | $ | (714,963 | ) |   |   | $ | 3,288,483 |   |   | $ | 404,257 |   |   | $ | 612,372 |   |   | $ | (335,423 | ) |   |   |   |   | $ | 3,969,689 |   |
|                                                              |   |                      |      |   |   |                    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (a)      Balances as of September 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                                     |   | $                         | -       |   |   | $                       | 321,784 |   |   | $ | - |   |   | $ | - |   |   |   | $ | 321,784 |   |   | $ | - |   |   | $ | - |   |   | $ | (509 | ) | (c) |   | $ | 321,275 |   |
| Self-storage      revenues                                             |   |                      | -       |   |   |                    | 27,578  |   |   |   | 353 |   |   |   | - |   |   |   |   | 27,931 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 27,931 |   |
| Self-moving      and self-storage products and service sales           |   |                      | -       |   |   |                    | 41,077  |   |   |   | - |   |   |   | - |   |   |   |   | 41,077 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 41,077 |   |
| Property      management fees                                          |   |                      | -       |   |   |                    | 5,504   |   |   |   | - |   |   |   | - |   |   |   |   | 5,504 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 5,504 |   |
| Life      insurance premiums                                           |   |                      | -       |   |   |                    | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 39,011 |   |   |   | - |   |   |   |   | 39,011 |   |
| Property      and casualty insurance premiums                          |   |                      | -       |   |   |                    | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 7,810 |   |   |   | - |   |   |   | - |   |   |   |   | 7,810 |   |
| Net      investment and interest income                                |   |                      | 1,101   |   |   |                    | 5,307   |   |   |   | - |   |   |   | - |   |   |   |   | 6,408 |   |   |   | 1,832 |   |   |   | 4,781 |   |   |   | (332 | ) |  (b,e) |   |   | 12,689 |   |
| Other      revenue                                                     |   |                      | -       |   |   |                    | 9,724   |   |   |   | 18,740 |   |   |   | (20,199 | ) | (b) |   |   | 8,265 |   |   |   | - |   |   |   | 597 |   |   |   | (531 | ) | (b) |   |   | 8,331 |   |
| Total      revenues                                                    |   |                      | 1,101   |   |   |                    | 410,974 |   |   |   | 19,093 |   |   |   | (20,199 | ) |   |   |   | 410,969 |   |   |   | 9,642 |   |   |   | 44,389 |   |   |   | (1,372 | ) |   |   |   | 463,628 |   |
|                                                                   |   |                      |    |   |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs      and expenses:                                               |   |                      |    |   |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating      expenses                                                |   |                      | 1,631   |   |   |                    | 251,253 |   |   |   | 2,239 |   |   |   | (20,199 | ) | (b) |   |   | 234,924 |   |   |   | 4,003 |   |   |   | 6,817 |   |   |   | (1,031 | ) |  (b,c) |   |   | 244,713 |   |
| Commission      expenses                                               |   |                      | -       |   |   |                    | 37,974  |   |   |   | - |   |   |   | - |   |   |   |   | 37,974 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 37,974 |   |
| Cost      of sales                                                     |   |                      | -       |   |   |                    | 20,797  |   |   |   | - |   |   |   | - |   |   |   |   | 20,797 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 20,797 |   |
| Benefits      and losses                                               |   |                      | -       |   |   |                    | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 4,003 |   |   |   | 29,956 |   |   |   | - |   |   |   |   | 33,959 |   |
| Amortization      of deferred policy acquisition costs                 |   |                      | -       |   |   |                    | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 2,154 |   |   |   | - |   |   |   |   | 2,154 |   |
| Lease      expense                                                     |   |                      | 24      |   |   |                    | 38,727  |   |   |   | 1 |   |   |   | - |   |   |   |   | 38,752 |   |   |   | - |   |   |   | - |   |   |   | (305 | ) | (b) |   |   | 38,447 |   |
| Depreciation,      net of (gains) losses on disposals                  |   |                      | 4       |   |   |                    | 53,894  |   |   |   | 3,128 |   |   |   | - |   |   |   |   | 57,026 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 57,026 |   |
| Total      costs and expenses                                          |   |                      | 1,659   |   |   |                    | 402,645 |   |   |   | 5,368 |   |   |   | (20,199 | ) |   |   |   | 389,473 |   |   |   | 8,006 |   |   |   | 38,927 |   |   |   | (1,336 | ) |   |   |   | 435,070 |   |
|                                                                   |   |                      |    |   |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity      in earnings of subsidiaries                                |   |                      | (11,780 | )      |   |                    | -       |   |   |   | - |   |   |   | 16,410 |   | (d) |   |   | 4,630 |   |   |   | - |   |   |   | - |   |   |   | (4,630 | ) | (d) |   |   | - |   |
|                                                                   |   |                      |    |   |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings      (loss) from operations                                   |   |                      | (12,338 | )      |   |                    | 8,329   |   |   |   | 13,725 |   |   |   | 16,410 |   |   |   |   | 26,126 |   |   |   | 1,636 |   |   |   | 5,462 |   |   |   | (4,666 | ) |   |   |   | 28,558 |   |
| Interest      income (expense)                                         |   |                      | 24,573  |   |   |                    | (39,719 | ) |   |   | (8,371 | ) |   |   | - |   |   |   |   | (23,517 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (23,517 | ) |
| Pretax      earnings (loss)                                            |   |                      | 12,235  |   |   |                    | (31,390 | ) |   |   | 5,354 |   |   |   | 16,410 |   |   |   |   | 2,609 |   |   |   | 1,636 |   |   |   | 5,462 |   |   |   | (4,666 | ) |   |   |   | 5,041 |   |
| Income      tax benefit (expense)                                      |   |                      | (8,679  | )      |   |                    | 11,776  |   |   |   | (2,150 | ) |   |   | - |   |   |   |   | 947 |   |   |   | (572 | ) |   |   | (1,896 | ) |   |   | - |   |   |   |   | (1,521 | ) |
| Net      earnings (loss)                                               |   |                      | 3,556   |   |   |                    | (19,614 | ) |   |   | 3,204 |   |   |   | 16,410 |   |   |   |   | 3,556 |   |   |   | 1,064 |   |   |   | 3,566 |   |   |   | (4,666 | ) |   |   |   | 3,520 |   |
| Excess      carrying amount of preferred stock over consideration paid |   |                      | -       |   |   |                    | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 10 |   |   |   |   | 10 |   |
| Less:  Preferred      stock dividends                        |   |                      | (3,241  | )      |   |                    | -       |   |   |   | - |   |   |   | - |   |   |   |   | (3,241 | ) |   |   | - |   |   |   | - |   |   |   | 36 |   | (e) |   |   | (3,205 | ) |
| Earnings      (loss) available to common shareholders                  |   | $                         | 315     |   |   | $                       | (19,614 | ) |   | $ | 3,204 |   |   | $ | 16,410 |   |   |   | $ | 315 |   |   | $ | 1,064 |   |   | $ | 3,566 |   |   | $ | (4,620 | ) |   |   | $ | 325 |   |
| (a)      Balances for the quarter ended September 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                           |   | $                         | -       |   |   | $                       | 311,597 |   |   | $ | - |   |   | $ | - |   |   |   | $ | 311,597 |   |   | $ | - |   |   | $ | - |   |   | $ | (40 | ) | (c) |   | $ | 311,557 |   |
| Self-storage      revenues                                   |   |                      | -       |   |   |                    | 26,857  |   |   |   | 540 |   |   |   | - |   |   |   |   | 27,397 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 27,397 |   |
| Self-moving      and self-storage products and service sales |   |                      | -       |   |   |                    | 38,663  |   |   |   | - |   |   |   | - |   |   |   |   | 38,663 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 38,663 |   |
| Property      management fees                                |   |                      | -       |   |   |                    | 6,059   |   |   |   | - |   |   |   | - |   |   |   |   | 6,059 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 6,059 |   |
| Life      insurance premiums                                 |   |                      | -       |   |   |                    | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 27,509 |   |   |   | - |   |   |   |   | 27,509 |   |
| Property      and casualty insurance premiums                |   |                      | -       |   |   |                    | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 8,129 |   |   |   | - |   |   |   | - |   |   |   |   | 8,129 |   |
| Net      investment and interest income                      |   |                      | 1,090   |   |   |                    | 6,916   |   |   |   | - |   |   |   | - |   |   |   |   | 8,006 |   |   |   | 2,188 |   |   |   | 5,012 |   |   |   | (293 | ) | (b) |   |   | 14,913 |   |
| Other      revenue                                           |   |                      | -       |   |   |                    | 9,652   |   |   |   | 17,641 |   |   |   | (19,164 | ) | (b) |   |   | 8,129 |   |   |   | - |   |   |   | 821 |   |   |   | (593 | ) | (b) |   |   | 8,357 |   |
| Total      revenues                                          |   |                      | 1,090   |   |   |                    | 399,744 |   |   |   | 18,181 |   |   |   | (19,164 | ) |   |   |   | 399,851 |   |   |   | 10,317 |   |   |   | 33,342 |   |   |   | (926 | ) |   |   |   | 442,584 |   |
|                                                         |   |                      |    |   |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs      and expenses:                                     |   |                      |    |   |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating      expenses                                      |   |                      | 2,032   |   |   |                    | 267,144 |   |   |   | 2,749 |   |   |   | (19,164 | ) | (b) |   |   | 252,761 |   |   |   | 3,928 |   |   |   | 5,660 |   |   |   | (625 | ) |  (b,c) |   |   | 261,724 |   |
| Commission      expenses                                     |   |                      | -       |   |   |                    | 36,664  |   |   |   | - |   |   |   | - |   |   |   |   | 36,664 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 36,664 |   |
| Cost      of sales                                           |   |                      | -       |   |   |                    | 23,229  |   |   |   | - |   |   |   | - |   |   |   |   | 23,229 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 23,229 |   |
| Benefits      and losses                                     |   |                      | -       |   |   |                    | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 3,766 |   |   |   | 21,065 |   |   |   | - |   |   |   |   | 24,831 |   |
| Amortization      of deferred policy acquisition costs       |   |                      | -       |   |   |                    | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 14 |   |   |   | 2,729 |   |   |   | - |   |   |   |   | 2,743 |   |
| Lease      expense                                           |   |                      | 22      |   |   |                    | 38,996  |   |   |   | 2 |   |   |   | - |   |   |   |   | 39,020 |   |   |   | - |   |   |   | - |   |   |   | (301 | ) | (b) |   |   | 38,719 |   |
| Depreciation,      net of (gains) losses on disposals        |   |                      | 4       |   |   |                    | 66,131  |   |   |   | 2,540 |   |   |   | - |   |   |   |   | 68,675 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 68,675 |   |
| Total      costs and expenses                                |   |                      | 2,058   |   |   |                    | 432,164 |   |   |   | 5,291 |   |   |   | (19,164 | ) |   |   |   | 420,349 |   |   |   | 7,708 |   |   |   | 29,454 |   |   |   | (926 | ) |   |   |   | 456,585 |   |
|                                                         |   |                      |    |   |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity      in earnings of subsidiaries                      |   |                      | (39,063 | )      |   |                    | -       |   |   |   | - |   |   |   | 43,056 |   | (d) |   |   | 3,993 |   |   |   | - |   |   |   | - |   |   |   | (3,993 | ) | (d) |   |   | - |   |
|                                                         |   |                      |    |   |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings      (loss) from operations                         |   |                      | (40,031 | )      |   |                    | (32,420 | ) |   |   | 12,890 |   |   |   | 43,056 |   |   |   |   | (16,505 | ) |   |   | 2,609 |   |   |   | 3,888 |   |   |   | (3,993 | ) |   |   |   | (14,001 | ) |
| Interest      income (expense)                               |   |                      | 23,728  |   |   |                    | (39,189 | ) |   |   | (10,539 | ) |   |   | - |   |   |   |   | (26,000 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (26,000 | ) |
| Pretax      earnings (loss)                                  |   |                      | (16,303 | )      |   |                    | (71,609 | ) |   |   | 2,351 |   |   |   | 43,056 |   |   |   |   | (42,505 | ) |   |   | 2,609 |   |   |   | 3,888 |   |   |   | (3,993 | ) |   |   |   | (40,001 | ) |
| Income      tax benefit (expense)                            |   |                      | (8,649  | )      |   |                    | 27,466  |   |   |   | (1,264 | ) |   |   | - |   |   |   |   | 17,553 |   |   |   | (912 | ) |   |   | (1,592 | ) |   |   | - |   |   |   |   | 15,049 |   |
| Net      earnings (loss)                                     |   |                      | (24,952 | )      |   |                    | (44,143 | ) |   |   | 1,087 |   |   |   | 43,056 |   |   |   |   | (24,952 | ) |   |   | 1,697 |   |   |   | 2,296 |   |   |   | (3,993 | ) |   |   |   | (24,952 | ) |
| Less:  Preferred      stock dividends              |   |                      | (3,241  | )      |   |                    | -       |   |   |   | - |   |   |   | - |   |   |   |   | (3,241 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (3,241 | ) |
| Earnings      (loss) available to common shareholders        |   | $                         | (28,193 | )      |   | $                       | (44,143 | ) |   | $ | 1,087 |   |   | $ | 43,056 |   |   |   | $ | (28,193 | ) |   | $ | 1,697 |   |   | $ | 2,296 |   |   | $ | (3,993 | ) |   |   | $ | (28,193 | ) |
| (a)      Balances for the quarter ended September 30, 2008   |   |                      |    |   |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (b)      Eliminate intercompany lease income                 |   |                      |    |   |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (c)      Eliminate intercompany premiums                     |   |                      |    |   |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (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                                     |   | $                         | -       |   |   | $                       | 1,122,676 |   |   | $ | - |   |   | $ | - |   |   |   | $ | 1,122,676 |   |   | $ | - |   |   | $ | - |   |   | $ | (1,257 | ) | (c) |   | $ | 1,121,419 |   |
| Self-storage      revenues                                             |   |                      | -       |   |   |                    | 81,337    |   |   |   | 1,010 |   |   |   | - |   |   |   |   | 82,347 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 82,347 |   |
| Self-moving      and self-storage products and service sales           |   |                      | -       |   |   |                    | 154,421   |   |   |   | - |   |   |   | - |   |   |   |   | 154,421 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 154,421 |   |
| Property      management fees                                          |   |                      | -       |   |   |                    | 14,432    |   |   |   | - |   |   |   | - |   |   |   |   | 14,432 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 14,432 |   |
| Life      insurance premiums                                           |   |                      | -       |   |   |                    | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 95,353 |   |   |   | - |   |   |   |   | 95,353 |   |
| Property      and casualty insurance premiums                          |   |                      | -       |   |   |                    | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 21,071 |   |   |   | - |   |   |   | - |   |   |   |   | 21,071 |   |
| Net      investment and interest income                                |   |                      | 3,253   |   |   |                    | 16,585    |   |   |   | - |   |   |   | - |   |   |   |   | 19,838 |   |   |   | 5,481 |   |   |   | 14,543 |   |   |   | (954 | ) |  (b,e) |   |   | 38,908 |   |
| Other      revenue                                                     |   |                      | -       |   |   |                    | 33,624    |   |   |   | 55,481 |   |   |   | (59,765 | ) | (b) |   |   | 29,340 |   |   |   | - |   |   |   | 2,100 |   |   |   | (1,180 | ) | (b) |   |   | 30,260 |   |
| Total      revenues                                                    |   |                      | 3,253   |   |   |                    | 1,423,075 |   |   |   | 56,491 |   |   |   | (59,765 | ) |   |   |   | 1,423,054 |   |   |   | 26,552 |   |   |   | 111,996 |   |   |   | (3,391 | ) |   |   |   |   | 1,558,211 |   |
|                                                                   |   |                      |    |   |   |                    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs      and expenses:                                               |   |                      |    |   |   |                    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating      expenses                                                |   |                      | 6,341   |   |   |                    | 798,359   |   |   |   | 6,436 |   |   |   | (59,765 | ) | (b) |   |   | 751,371 |   |   |   | 10,882 |   |   |   | 17,102 |   |   |   | (2,411 | ) |  (b,c) |   |   | 776,944 |   |
| Commission      expenses                                               |   |                      | -       |   |   |                    | 133,483   |   |   |   | - |   |   |   | - |   |   |   |   | 133,483 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 133,483 |   |
| Cost      of sales                                                     |   |                      | -       |   |   |                    | 79,606    |   |   |   | - |   |   |   | - |   |   |   |   | 79,606 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 79,606 |   |
| Benefits      and losses                                               |   |                      | -       |   |   |                    | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 10,984 |   |   |   | 76,476 |   |   |   | - |   |   |   |   |   | 87,460 |   |
| Amortization      of deferred policy acquisition costs                 |   |                      | -       |   |   |                    | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 6,367 |   |   |   | - |   |   |   |   |   | 6,367 |   |
| Lease      expense                                                     |   |                      | 60      |   |   |                    | 118,595   |   |   |   | 6 |   |   |   | - |   |   |   |   | 118,661 |   |   |   | - |   |   |   | - |   |   |   | (915 | ) | (b) |   |   | 117,746 |   |
| Depreciation,      net of (gains) losses on disposals                  |   |                      | 13      |   |   |                    | 163,358   |   |   |   | 9,662 |   |   |   | - |   |   |   |   | 173,033 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 173,033 |   |
| Total      costs and expenses                                          |   |                      | 6,414   |   |   |                    | 1,293,401 |   |   |   | 16,104 |   |   |   | (59,765 | ) |   |   |   | 1,256,154 |   |   |   | 21,866 |   |   |   | 99,945 |   |   |   | (3,326 | ) |   |   |   |   | 1,374,639 |   |
|                                                                   |   |                      |    |   |   |                    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity      in earnings of subsidiaries                                |   |                      | 27,522  |   |   |                    | -         |   |   |   | - |   |   |   | (16,630 | ) | (d) |   |   | 10,892 |   |   |   | - |   |   |   | - |   |   |   | (10,892 | ) | (d) |   |   | - |   |
|                                                                   |   |                      |    |   |   |                    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings      from operations                                          |   |                      | 24,361  |   |   |                    | 129,674   |   |   |   | 40,387 |   |   |   | (16,630 | ) |   |   |   | 177,792 |   |   |   | 4,686 |   |   |   | 12,051 |   |   |   | (10,957 | ) |   |   |   |   | 183,572 |   |
| Interest      income (expense)                                         |   |                      | 72,094  |   |   |                    | (117,429  | ) |   |   | (25,341 | ) |   |   | - |   |   |   |   | (70,676 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | (70,676 | ) |
| Pretax      earnings                                                   |   |                      | 96,455  |   |   |                    | 12,245    |   |   |   | 15,046 |   |   |   | (16,630 | ) |   |   |   | 107,116 |   |   |   | 4,686 |   |   |   | 12,051 |   |   |   | (10,957 | ) |   |   |   |   | 112,896 |   |
| Income      tax expense                                                |   |                      | (25,747 | )      |   |                    | (4,303    | ) |   |   | (6,358 | ) |   |   | - |   |   |   |   | (36,408 | ) |   |   | (1,640 | ) |   |   | (4,205 | ) |   |   | - |   |   |   |   |   | (42,253 | ) |
| Net      earnings                                                      |   |                      | 70,708  |   |   |                    | 7,942     |   |   |   | 8,688 |   |   |   | (16,630 | ) |   |   |   | 70,708 |   |   |   | 3,046 |   |   |   | 7,846 |   |   |   | (10,957 | ) |   |   |   |   | 70,643 |   |
| Excess      carrying amount of preferred stock over consideration paid |   |                      | -       |   |   |                    | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 381 |   |   |   |   |   | 381 |   |
| Less:  Preferred      stock dividends                        |   |                      | (9,723  | )      |   |                    | -         |   |   |   | - |   |   |   | - |   |   |   |   | (9,723 | ) |   |   | - |   |   |   | - |   |   |   | 65 |   | (e) |   |   | (9,658 | ) |
| Earnings      available to common shareholders                         |   | $                         | 60,985  |   |   | $                       | 7,942     |   |   | $ | 8,688 |   |   | $ | (16,630 | ) |   |   | $ | 60,985 |   |   | $ | 3,046 |   |   | $ | 7,846 |   |   | $ | (10,511 | ) |   |   |   | $ | 61,366 |   |
| (a)      Balances for the nine months ended September 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                             |   | $                         | -       |   |   | $                       | 1,140,870 |   |   | $ | - |   |   | $ | - |   |   |   | $ | 1,140,870 |   |   | $ | - |   |   | $ | - |   |   | $ | (40 | ) | (c) |   | $ | 1,140,830 |   |
| Self-storage      revenues                                     |   |                      | -       |   |   |                    | 81,527    |   |   |   | 1,322 |   |   |   | - |   |   |   |   | 82,849 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 82,849 |   |
| Self-moving      and self-storage products and service sales   |   |                      | -       |   |   |                    | 159,515   |   |   |   | - |   |   |   | - |   |   |   |   | 159,515 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 159,515 |   |
| Property      management fees                                  |   |                      | -       |   |   |                    | 15,496    |   |   |   | - |   |   |   | - |   |   |   |   | 15,496 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 15,496 |   |
| Life      insurance premiums                                   |   |                      | -       |   |   |                    | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 81,525 |   |   |   | - |   |   |   |   | 81,525 |   |
| Property      and casualty insurance premiums                  |   |                      | -       |   |   |                    | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 21,612 |   |   |   | - |   |   |   | - |   |   |   |   | 21,612 |   |
| Net      investment and interest income                        |   |                      | 3,326   |   |   |                    | 19,708    |   |   |   | - |   |   |   | - |   |   |   |   | 23,034 |   |   |   | 7,280 |   |   |   | 15,209 |   |   |   | (1,031 | ) |  (b,d) |   |   | 44,492 |   |
| Other      revenue                                             |   |                      | -       |   |   |                    | 31,886    |   |   |   | 52,935 |   |   |   | (57,215 | ) | (b) |   |   | 27,606 |   |   |   | - |   |   |   | 4,187 |   |   |   | (1,239 | ) | (b) |   |   | 30,554 |   |
| Total      revenues                                            |   |                      | 3,326   |   |   |                    | 1,449,002 |   |   |   | 54,257 |   |   |   | (57,215 | ) |   |   |   | 1,449,370 |   |   |   | 28,892 |   |   |   | 100,921 |   |   |   | (2,310 | ) |   |   |   |   | 1,576,873 |   |
|                                                           |   |                      |    |   |   |                    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs      and expenses:                                       |   |                      |    |   |   |                    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating      expenses                                        |   |                      | 6,551   |   |   |                    | 817,813   |   |   |   | 7,085 |   |   |   | (57,215 | ) | (b) |   |   | 774,234 |   |   |   | 10,788 |   |   |   | 16,879 |   |   |   | (1,374 | ) |  (b,c,d) |   |   | 800,527 |   |
| Commission      expenses                                       |   |                      | -       |   |   |                    | 138,711   |   |   |   | - |   |   |   | - |   |   |   |   | 138,711 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 138,711 |   |
| Cost      of sales                                             |   |                      | -       |   |   |                    | 90,856    |   |   |   | - |   |   |   | - |   |   |   |   | 90,856 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 90,856 |   |
| Benefits      and losses                                       |   |                      | -       |   |   |                    | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 11,073 |   |   |   | 63,504 |   |   |   | - |   |   |   |   |   | 74,577 |   |
| Amortization      of deferred policy acquisition costs         |   |                      | -       |   |   |                    | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 22 |   |   |   | 7,147 |   |   |   | - |   |   |   |   |   | 7,169 |   |
| Lease      expense                                             |   |                      | 70      |   |   |                    | 112,631   |   |   |   | 5 |   |   |   | - |   |   |   |   | 112,706 |   |   |   | - |   |   |   | - |   |   |   | (903 | ) | (b) |   |   | 111,803 |   |
| Depreciation,      net of (gains) losses on disposals          |   |                      | 13      |   |   |                    | 191,416   |   |   |   | 8,618 |   |   |   | - |   |   |   |   | 200,047 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 200,047 |   |
| Total      costs and expenses                                  |   |                      | 6,634   |   |   |                    | 1,351,427 |   |   |   | 15,708 |   |   |   | (57,215 | ) |   |   |   | 1,316,554 |   |   |   | 21,883 |   |   |   | 87,530 |   |   |   | (2,277 | ) |   |   |   |   | 1,423,690 |   |
|                                                           |   |                      |    |   |   |                    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity      in earnings of subsidiaries                        |   |                      | 7,735   |   |   |                    | -         |   |   |   | - |   |   |   | 5,480 |   | (e) |   |   | 13,215 |   |   |   | - |   |   |   | - |   |   |   | (13,215 | ) | (e) |   |   | - |   |
|                                                           |   |                      |    |   |   |                    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings      from operations                                  |   |                      | 4,427   |   |   |                    | 97,575    |   |   |   | 38,549 |   |   |   | 5,480 |   |   |   |   | 146,031 |   |   |   | 7,009 |   |   |   | 13,391 |   |   |   | (13,248 | ) |   |   |   |   | 153,183 |   |
| Interest      income (expense)                                 |   |                      | 69,375  |   |   |                    | (112,318  | ) |   |   | (31,864 | ) |   |   | - |   |   |   |   | (74,807 | ) |   |   | - |   |   |   | - |   |   |   | 33 |   | (d) |   |   | (74,774 | ) |
| Pretax      earnings (loss)                                    |   |                      | 73,802  |   |   |                    | (14,743   | ) |   |   | 6,685 |   |   |   | 5,480 |   |   |   |   | 71,224 |   |   |   | 7,009 |   |   |   | 13,391 |   |   |   | (13,215 | ) |   |   |   |   | 78,409 |   |
| Income      tax benefit (expense)                              |   |                      | (25,104 | )      |   |                    | 6,227     |   |   |   | (3,649 | ) |   |   | - |   |   |   |   | (22,526 | ) |   |   | (2,453 | ) |   |   | (4,732 | ) |   |   | - |   |   |   |   |   | (29,711 | ) |
| Net      earnings (loss)                                       |   |                      | 48,698  |   |   |                    | (8,516    | ) |   |   | 3,036 |   |   |   | 5,480 |   |   |   |   | 48,698 |   |   |   | 4,556 |   |   |   | 8,659 |   |   |   | (13,215 | ) |   |   |   |   | 48,698 |   |
| Less:  Preferred      stock dividends                |   |                      | (9,723  | )      |   |                    | -         |   |   |   | - |   |   |   | - |   |   |   |   | (9,723 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | (9,723 | ) |
| Earnings      (loss) available to common shareholders          |   | $                         | 38,975  |   |   | $                       | (8,516    | ) |   | $ | 3,036 |   |   | $ | 5,480 |   |   |   | $ | 38,975 |   |   | $ | 4,556 |   |   | $ | 8,659 |   |   | $ | (13,215 | ) |   |   |   | $ | 38,975 |   |
| (a)      Balances for the nine months ended September 30, 2008 |   |                      |    |   |   |                    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (b)      Eliminate intercompany lease income                   |   |                      |    |   |   |                    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (c)      Eliminate intercompany premiums                       |   |                      |    |   |   |                    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (d)      Eliminate intercompany interest on debt               |   |                      |    |   |   |                    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (e)      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                                                          |   | $                         | 70,708  |   |                    | $      | 7,942 |   |   | $ | 8,688 |   |   | $ | (16,630 | ) |   | $ | 70,708 |   |   | $ | 3,046 |   |   | $ | 7,846 |   |   | $ | (10,957 | ) |   | $ | 70,643 |   |
| Earnings      from consolidated entities                                   |   |                      | (27,522 | )      |                    |   | - |   |   |   | - |   |   |   | 16,630 |   |   |   | (10,892 | ) |   |   | - |   |   |   | - |   |   |   | 10,892 |   |   |   | - |   |
| Adjustments      to reconcile net earnings to cash provided by operations: |   |                      |    |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation                                                               |   |                      | 13      |   |                    |   | 164,901 |   |   |   | 9,625 |   |   |   | - |   |   |   | 174,539 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 174,539 |   |
| Amortization      of deferred policy acquisition costs                     |   |                      | -       |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 6,367 |   |   |   | - |   |   |   | 6,367 |   |
| Change      in allowance for losses on trade receivables                   |   |                      | -       |   |                    |   | 141 |   |   |   | - |   |   |   | - |   |   |   | 141 |   |   |   | - |   |   |   | (2 | ) |   |   | - |   |   |   | 139 |   |
| Change      in allowance for losses on mortgage notes                      |   |                      | -       |   |                    |   | (6 | ) |   |   | - |   |   |   | - |   |   |   | (6 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (6 | ) |
| Change      in allowance for inventory reserve                             |   |                      | -       |   |                    |   | 2,422 |   |   |   | - |   |   |   | - |   |   |   | 2,422 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 2,422 |   |
| Net      (gain) loss on sale of real and personal property                 |   |                      | -       |   |                    |   | (1,543 | ) |   |   | 37 |   |   |   | - |   |   |   | (1,506 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (1,506 | ) |
| Net      (gain) loss on sale of investments                                |   |                      | -       |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 40 |   |   |   | (890 | ) |   |   | - |   |   |   | (850 | ) |
| Deferred      income taxes                                                 |   |                      | 35,517  |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | 35,517 |   |   |   | 1,441 |   |   |   | 2,809 |   |   |   | - |   |   |   | 39,767 |   |
| Net      change in other operating assets and liabilities:                 |   |                      |    |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Reinsurance      recoverables and trade receivables                        |   |                      | -       |   |                    |   | (262 | ) |   |   | 7 |   |   |   | - |   |   |   | (255 | ) |   |   | 14,208 |   |   |   | (3,475 | ) |   |   | - |   |   |   | 10,478 |   |
| Inventories                                                                |   |                      | -       |   |                    |   | 10,644 |   |   |   | - |   |   |   | - |   |   |   | 10,644 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 10,644 |   |
| Prepaid      expenses                                                      |   |                      | 663     |   |                    |   | 1,049 |   |   |   | (334 | ) |   |   | - |   |   |   | 1,378 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1,378 |   |
| Capitalization      of deferred policy acquisition costs                   |   |                      | -       |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (10,383 | ) |   |   | - |   |   |   | (10,383 | ) |
| Other      assets                                                          |   |                      | (6      | )      |                    |   | 3,221 |   |   |   | 1,226 |   |   |   | - |   |   |   | 4,441 |   |   |   | 266 |   |   |   | (172 | ) |   |   | - |   |   |   | 4,535 |   |
| Related      party assets                                                  |   |                      | 483     |   |                    |   | 1,118 |   |   |   | (25 | ) |   |   | - |   |   |   | 1,576 |   |   |   | 576 |   |   |   | - |   |   |   | - |   |   |   | 2,152 |   |
| Accounts      payable and accrued expenses                                 |   |                      | (170    | )      |                    |   | (27,130 | ) |   |   | (2,514 | ) |   |   | - |   |   |   | (29,814 | ) |   |   | - |   |   |   | 7,060 |   |   |   | - |   |   |   | (22,754 | ) |
| Policy      benefits and losses, claims and loss expenses payable          |   |                      | -       |   |                    |   | 24,659 |   |   |   | - |   |   |   | - |   |   |   | 24,659 |   |   |   | (14,956 | ) |   |   | 17,307 |   |   |   | - |   |   |   | 27,010 |   |
| Other      policyholders' funds and liabilities                            |   |                      | -       |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (1,318 | ) |   |   | (11 | ) |   |   | - |   |   |   | (1,329 | ) |
| Deferred      income                                                       |   |                      | -       |   |                    |   | 418 |   |   |   | - |   |   |   | - |   |   |   | 418 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 418 |   |
| Related      party liabilities                                             |   |                      | -       |   |                    |   | (349 | ) |   |   | - |   |   |   | - |   |   |   | (349 | ) |   |   | (685 | ) |   |   | 58 |   |   |   | - |   |   |   | (976 | ) |
| Net      cash provided (used) by operating activities                      |   |                      | 79,686  |   |                    |   | 187,225 |   |   |   | 16,710 |   |   |   | - |   |   |   | 283,621 |   |   |   | 2,618 |   |   |   | 26,514 |   |   |   | (65 | ) |   |   | 312,688 |   |
|                                                                       |   |                      |    |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash      flows from investing activities:                                 |   |                      |    |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Purchases      of:                                                         |   |                      |    |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Property,      plant and equipment                                         |   |                      | (3      | )      |                    |   | (197,938 | ) |   |   | (14,918 | ) |   |   | - |   |   |   | (212,859 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (212,859 | ) |
| Short      term investments                                                |   |                      | -       |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (67,823 | ) |   |   | (138,858 | ) |   |   | - |   |   |   | (206,681 | ) |
| Fixed      maturities investments                                          |   |                      | -       |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (30,302 | ) |   |   | (99,099 | ) |   |   | - |   |   |   | (129,401 | ) |
| Preferred      stock                                                       |   |                      | -       |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (1,539 | ) |   |   | - |   |   |   | - |   |   |   | (1,539 | ) |
| Real      estate                                                           |   |                      | -       |   |                    |   | (204 | ) |   |   | (253 | ) |   |   | - |   |   |   | (457 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (457 | ) |
| Mortgage      loans                                                        |   |                      | -       |   |                    |   | (467 | ) |   |   | (317 | ) |   |   | - |   |   |   | (784 | ) |   |   | (1,311 | ) |   |   | (118 | ) |   |   | - |   |   |   | (2,213 | ) |
| Proceeds      from sales of:                                               |   |                      |    |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Property,      plant and equipment                                         |   |                      | -       |   |                    |   | 129,709 |   |   |   | 1,080 |   |   |   | - |   |   |   | 130,789 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 130,789 |   |
| Short      term investments                                                |   |                      | -       |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 76,703 |   |   |   | 140,229 |   |   |   | - |   |   |   | 216,932 |   |
| Fixed      maturities investments                                          |   |                      | -       |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 22,959 |   |   |   | 104,285 |   |   |   | - |   |   |   | 127,244 |   |
| Preferred      stock                                                       |   |                      | -       |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1,724 |   |   |   | 512 |   |   |   | - |   |   |   | 2,236 |   |
| Real      estate                                                           |   |                      | -       |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 53 |   |   |   |   |   |   |   |   |   |   |   | 53 |   |
| Mortgage      loans                                                        |   |                      | -       |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 51 |   |   |   | 4,677 |   |   |   | - |   |   |   | 4,728 |   |
| Payments      from notes and mortgage receivables                          |   |                      | -       |   |                    |   | 131 |   |   |   | - |   |   |   | - |   |   |   | 131 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 131 |   |
| Net      cash provided (used) by investing activities                      |   |                      | (3      | )      |                    |   | (68,769 | ) |   |   | (14,408 | ) |   |   | - |   |   |   | (83,180 | ) |   |   | 515 |   |   |   | 11,628 |   |   |   | - |   |   |   | (71,037 | ) |
|                                                                       |   | (page      1 of 2)        |    |
| (a)      Balance for the period ended September 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                              |   |                      | -       |   |                    |   | 33,734 |   |   |   | 29,359 |   |   |   | - |   |   |   | 63,093 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 63,093 |   |
| Principal      repayments on credit facilities                      |   |                      | -       |   |                    |   | (80,241 | ) |   |   | (18,636 | ) |   |   | - |   |   |   | (98,877 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (98,877 | ) |
| Debt      issuance costs                                            |   |                      | -       |   |                    |   | (2,109 | ) |   |   | (216 | ) |   |   | - |   |   |   | (2,325 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (2,325 | ) |
| Capital      lease payments                                         |   |                      | -       |   |                    |   | (2,519 | ) |   |   | - |   |   |   | - |   |   |   | (2,519 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (2,519 | ) |
| Leveraged      Employee Stock Ownership Plan - repayments from loan |   |                      | -       |   |                    |   | 812 |   |   |   | - |   |   |   | - |   |   |   | 812 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 812 |   |
| Proceeds      from (repayment of) intercompany loans                |   |                      | (77,318 | )      |                    |   | 90,124 |   |   |   | (12,806 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |
| Preferred      stock dividends paid                                 |   |                      | (9,723  | )      |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | (9,723 | ) |   |   | - |   |   |   | - |   |   |   | 65 |   | (b) |   |   | (9,658 | ) |
| Dividend      from related party                                    |   |                      | 7,764   |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | 7,764 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 7,764 |   |
| Investment      contract deposits                                   |   |                      | -       |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 8,230 |   |   |   | - |   |   |   |   | 8,230 |   |
| Investment      contract withdrawals                                |   |                      | -       |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (38,908 | ) |   |   | - |   |   |   |   | (38,908 | ) |
| Net      cash provided (used) by financing activities               |   |                      | (79,277 | )      |                    |   | 39,801 |   |   |   | (2,299 | ) |   |   | - |   |   |   | (41,775 | ) |   |   | - |   |   |   | (30,678 | ) |   |   | 65 |   |   |   |   | (72,388 | ) |
|                                                                |   |                      |    |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Effects      of exchange rate on cash                               |   |                      | -       |   |                    |   | 1,851 |   |   |   | - |   |   |   | - |   |   |   | 1,851 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 1,851 |   |
|                                                                |   |                      |    |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Increase      in cash and cash equivalents                          |   |                      | 406     |   |                    |   | 160,108 |   |   |   | 3 |   |   |   | - |   |   |   | 160,517 |   |   |   | 3,133 |   |   |   | 7,464 |   |   |   | - |   |   |   |   | 171,114 |   |
| 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                     |   | $                         | 444     |   |                    | $      | 373,148 |   |   | $ | 3 |   |   | $ | - |   |   | $ | 373,595 |   |   | $ | 22,330 |   |   | $ | 15,776 |   |   | $ | - |   |   |   | $ | 411,701 |   |
|                                                                |   | (page      2 of 2)        |    |
| (a)      Balance for the period ended September 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 |   |   |  AMERCO      Consolidated |   |   |
|                                                                       |   | (Unaudited)               |
| Cash      flows from operating activities:                                 |   | (In      thousands)       |
| Net      earnings (loss)                                                   |   | $                         | 48,698 |   |                    | $ | (8,516 | ) |   | $ | 3,036 |   |   | $ | 5,480 |   |   | $ | 48,698 |   |   | $ | 4,556 |   |   | $ | 8,659 |   |   | $ | (13,215 | ) |   | $ | 48,698 |   |   |
| Earnings      from consolidated entities                                   |   |                      | (7,735 | )      |                    |   | - |   |   |   | - |   |   |   | (5,480 | ) |   |   | (13,215 | ) |   |   | - |   |   |   | - |   |   |   | 13,215 |   |   |   | - |   |   |
| Adjustments      to reconcile net earnings to cash provided by operations: |   |                      |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation                                                               |   |                      | 13     |   |                    |   | 175,857 |   |   |   | 9,157 |   |   |   | - |   |   |   | 185,027 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 185,027 |   |   |
| Amortization      of deferred policy acquisition costs                     |   |                      | -      |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 22 |   |   |   | 7,147 |   |   |   | - |   |   |   | 7,169 |   |   |
| Change      in provision for losses on trade receivables                   |   |                      | -      |   |                    |   | (207 | ) |   |   | - |   |   |   | - |   |   |   | (207 | ) |   |   | - |   |   |   | 69 |   |   |   | - |   |   |   | (138 | ) |   |
| Change      in provision for losses on mortgage notes                      |   |                      | -      |   |                    |   | (308 | ) |   |   | - |   |   |   | - |   |   |   | (308 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (308 | ) |   |
| Change      in provision for inventory reserve                             |   |                      | -      |   |                    |   | 1,488 |   |   |   | - |   |   |   | - |   |   |   | 1,488 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1,488 |   |   |
| Net      (gain) loss on sale of real and personal property                 |   |                      | -      |   |                    |   | 15,559 |   |   |   | (539 | ) |   |   | - |   |   |   | 15,020 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 15,020 |   |   |
| Net      (gain) loss on sale of investments                                |   |                      | -      |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (99 | ) |   |   | 252 |   |   |   | - |   |   |   | 153 |   |   |
| Deferred      income taxes                                                 |   |                      | 19,043 |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | 19,043 |   |   |   | 1,755 |   |   |   | 1,310 |   |   |   | - |   |   |   | 22,108 |   |   |
| Net      change in other operating assets and liabilities:                 |   |                      |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Reinsurance      recoverables and trade receivables                        |   |                      | -      |   |                    |   | 4,432 |   |   |   | (1 | ) |   |   | - |   |   |   | 4,431 |   |   |   | (10,625 | ) |   |   | (157 | ) |   |   | - |   |   |   | (6,351 | ) |   |
| Inventories                                                                |   |                      | -      |   |                    |   | (11,573 | ) |   |   | - |   |   |   | - |   |   |   | (11,573 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (11,573 | ) |   |
| Prepaid      expenses                                                      |   |                      | 4,488  |   |                    |   | 2,442 |   |   |   | (204 | ) |   |   | - |   |   |   | 6,726 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 6,726 |   |   |
| Capitalization      of deferred policy acquisition costs                   |   |                      | -      |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 8 |   |   |   | (7,517 | ) |   |   | - |   |   |   | (7,509 | ) |   |
| Other      assets                                                          |   |                      | -      |   |                    |   | (6,212 | ) |   |   | 1,260 |   |   |   | - |   |   |   | (4,952 | ) |   |   | 516 |   |   |   | 156 |   |   |   | - |   |   |   | (4,280 | ) |   |
| Related      party assets                                                  |   |                      | 3,675  |   |                    |   | (4,501 | ) |   |   | (68 | ) |   |   | - |   |   |   | (894 | ) |   |   | 4,680 |   |   |   | - |   |   |   | - |   |   |   | 3,786 |   |   |
| Accounts      payable and accrued expenses                                 |   |                      | 1,643  |   |                    |   | (9,224 | ) |   |   | 864 |   |   |   | - |   |   |   | (6,717 | ) |   |   | - |   |   |   | (207 | ) |   |   | - |   |   |   | (6,924 | ) |   |
| Policy      benefits and losses, claims and loss expenses payable          |   |                      | -      |   |                    |   | 1,718 |   |   |   | - |   |   |   | - |   |   |   | 1,718 |   |   |   | (3,344 | ) |   |   | (2,144 | ) |   |   | - |   |   |   | (3,770 | ) |   |
| Other      policyholders' funds and liabilities                            |   |                      | -      |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (816 | ) |   |   | (1,783 | ) |   |   | - |   |   |   | (2,599 | ) |   |
| Deferred      income                                                       |   |                      | -      |   |                    |   | 10,675 |   |   |   | - |   |   |   | - |   |   |   | 10,675 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 10,675 |   |   |
| Related      party liabilities                                             |   |                      | -      |   |                    |   | (1,244 | ) |   |   | - |   |   |   | - |   |   |   | (1,244 | ) |   |   | (60 | ) |   |   | (3,189 | ) |   |   | - |   |   |   | (4,493 | ) |   |
| Net      cash provided (used) by operating activities                      |   |                      | 69,825 |   |                    |   | 170,386 |   |   |   | 13,505 |   |   |   | - |   |   |   | 253,716 |   |   |   | (3,407 | ) |   |   | 2,596 |   |   |   | - |   |   |   | 252,905 |   |   |
|                                                                       |   |                      |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash      flows from investing activities:                                 |   |                      |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Purchases      of:                                                         |   |                      |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Property,      plant and equipment                                         |   |                      | (1     | )      |                    |   | (296,094 | ) |   |   | (20,875 | ) |   |   | - |   |   |   | (316,970 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (316,970 | ) |   |
| Short      term investments                                                |   |                      | -      |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (86,175 | ) |   |   | (167,611 | ) |   |   | - |   |   |   | (253,786 | ) |   |
| Fixed      maturities investments                                          |   |                      | -      |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (11,206 | ) |   |   | (115,169 | ) |   |   | - |   |   |   | (126,375 | ) |   |
| Preferred      stock                                                       |   |                      | -      |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (2,000 | ) |   |   |   |   |   |   | (2,000 | ) |   |
| Real      estate                                                           |   |                      | -      |   |                    |   | (8 | ) |   |   | - |   |   |   | - |   |   |   | (8 | ) |   |   | (404 | ) |   |   | - |   |   |   | - |   |   |   | (412 | ) |   |
| Mortgage      loans                                                        |   |                      | -      |   |                    |   | (1,358 | ) |   |   | (195 | ) |   |   | - |   |   |   | (1,553 | ) |   |   | - |   |   |   | (10,593 | ) |   |   | - |   |   |   | (12,146 | ) |   |
| Proceeds      from sales of:                                               |   |                      |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Property,      plant and equipment                                         |   |                      | -      |   |                    |   | 105,009 |   |   |   | 1,426 |   |   |   | - |   |   |   | 106,435 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 106,435 |   |   |
| Short      term investments                                                |   |                      | -      |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 73,380 |   |   |   | 171,019 |   |   |   | - |   |   |   | 244,399 |   |   |
| Fixed      maturities investments                                          |   |                      | -      |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 56,179 |   |   |   | 139,272 |   |   |   | - |   |   |   | 195,451 |   |   |
| Equity      securities                                                     |   |                      | -      |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 28 |   |   |   | - |   |   |   | 28 |   |   |
| Real      estate                                                           |   |                      | -      |   |                    |   | - |   |   |   | 704 |   |   |   | - |   |   |   | 704 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 704 |   |   |
| Mortgage      loans                                                        |   |                      | -      |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 19 |   |   |   | 5,146 |   |   |   | - |   |   |   | 5,165 |   |   |
| Payments      from notes and mortgage receivables                          |   |                      | -      |   |                    |   | 816 |   |   |   | - |   |   |   | - |   |   |   | 816 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 816 |   |   |
| Net      cash provided (used) by investing activities                      |   |                      | (1     | )      |                    |   | (191,635 | ) |   |   | (18,940 | ) |   |   | - |   |   |   | (210,576 | ) |   |   | 31,793 |   |   |   | 20,092 |   |   |   | - |   |   |   | (158,691 | ) |   |
|                                                                       |   | (page      1 of 2)        |
| (a)      Balance for the period ended September 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                              |   |                      | -       |   |                    |   | 83,098 |   |   |   | 82,232 |   |   |   | - |   |   |   | 165,330 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 165,330 |   |
| Principal      repayments on credit facilities                      |   |                      | -       |   |                    |   | (92,248 | ) |   |   | (24,959 | ) |   |   | - |   |   |   | (117,207 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (117,207 | ) |
| Debt      issuance costs                                            |   |                      | -       |   |                    |   | (360 | ) |   |   | - |   |   |   | - |   |   |   | (360 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (360 | ) |
| Capital      lease payments                                         |   |                      | -       |   |                    |   | (561 | ) |   |   | - |   |   |   | - |   |   |   | (561 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (561 | ) |
| Leveraged      Employee Stock Ownership Plan - repayments from loan |   |                      | -       |   |                    |   | 951 |   |   |   | - |   |   |   | - |   |   |   | 951 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 951 |   |
| Repurchase      of stock                                            |   |                      | (963    | )      |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | (963 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (963 | ) |
| Proceeds      from (repayment of) intercompany loans                |   |                      | (61,148 | )      |                    |   | 112,986 |   |   |   | (51,838 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Preferred      stock dividends paid                                 |   |                      | (9,723  | )      |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | (9,723 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (9,723 | ) |
| Net      dividend from related party                                |   |                      | 2,010   |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | 2,010 |   |   |   | (2,010 | ) |   |   | - |   |   |   | - |   |   |   | - |   |
| Investment      contract deposits                                   |   |                      | -       |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 14,460 |   |   |   | - |   |   |   | 14,460 |   |
| Investment      contract withdrawals                                |   |                      | -       |   |                    |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (39,867 | ) |   |   | - |   |   |   | (39,867 | ) |
| Net      cash provided (used) by financing activities               |   |                      | (69,824 | )      |                    |   | 103,866 |   |   |   | 5,435 |   |   |   | - |   |   |   | 39,477 |   |   |   | (2,010 | ) |   |   | (25,407 | ) |   |   | - |   |   |   | 12,060 |   |
|                                                                |   |                      |    |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Effects      of exchange rate on cash                               |   |                      | -       |   |                    |   | (1,379 | ) |   |   | - |   |   |   | - |   |   |   | (1,379 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (1,379 | ) |
|                                                                |   |                      |    |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Increase      (decrease) in cash and cash equivalents               |   |                      | -       |   |                    |   | 81,238 |   |   |   | - |   |   |   | - |   |   |   | 81,238 |   |   |   | 26,376 |   |   |   | (2,719 | ) |   |   | - |   |   |   | 104,895 |   |
| 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      |   |                    | $      | 272,458 |   |   | $ | - |   |   | $ | - |   |   | $ | 272,488 |   |   | $ | 33,224 |   |   | $ | 5,805 |   |   | $ | - |   |   | $ | 311,517 |   |
|                                                                |   | (page      2 of 2)        |    |
| (a)      Balance for the period ended September 30, 2008            |   |                      |    |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                   |   | United      States                              |      |   | Canada |   |    | Consolidated |   |
|------------------------------------------------------------------------|--------|-------------------------------------------------|-----------|--------|--------|--------|---------|--------------|--------|
|                                                                   |   | (Unaudited)                                     |      |
|                                                                   |   | (All      amounts are in thousands of U.S. $'s) |      |
| Quarter      ended December 31, 2009                                   |   |                                            |      |   |   |   |    |         |   |
| Total      revenues                                                    |   | $                                               | 437,238   |   |   | $      | 26,390  |         |   | $ | 463,628 |   |
| Depreciation      and amortization, net of (gains) losses on disposals |   |                                            | 57,424    |   |   |   | 1,756   |         |   |   | 59,180 |   |
| Interest      expense                                                  |   |                                            | 23,362    |   |   |   | 155     |         |   |   | 23,517 |   |
| Pretax      earnings                                                   |   |                                            | 3,128     |   |   |   | 1,913   |         |   |   | 5,041 |   |
| Income      tax expense                                                |   |                                            | 871       |   |   |   | 650     |         |   |   | 1,521 |   |
| Identifiable      assets                                               |   |                                            | 3,856,048 |   |   |   | 113,641 |         |   |   | 3,969,689 |   |
|                                                                   |   |                                            |      |   |   |   |    |         |   |   |   |   |
| Quarter      ended December 31, 2008                                   |   |                                            |      |   |   |   |    |         |   |   |   |   |
| Total      revenues                                                    |   | $                                               | 420,215   |   |   | $      | 22,369  |         |   | $ | 442,584 |   |
| Depreciation      and amortization, net of (gains) losses on disposals |   |                                            | 69,965    |   |   |   | 1,453   |         |   |   | 71,418 |   |
| Interest      expense                                                  |   |                                            | 25,873    |   |   |   | 127     |         |   |   | 26,000 |   |
| Pretax      earnings (loss)                                            |   |                                            | (40,206   | )      |   |   | 205     |         |   |   | (40,001 | ) |
| Income      tax expense (benefit)                                      |   |                                            | (15,118   | )      |   |   | 69      |         |   |   | (15,049 | ) |
| Identifiable      assets                                               |   |                                            | 3,804,372 |   |   |   | 91,988  |         |   |   | 3,896,360 |   |

|                                                                   |   | United      States                              |      |   | Canada |   |    | Consolidated |   |
|------------------------------------------------------------------------|--------|-------------------------------------------------|-----------|--------|--------|--------|---------|--------------|--------|
|                                                                   |   | (Unaudited)                                     |      |
|                                                                   |   | (All      amounts are in thousands of U.S. $'s) |      |
| Nine      months ended December 31, 2009                               |   |                                            |      |   |   |   |    |         |   |
| Total      revenues                                                    |   | $                                               | 1,464,746 |   |   | $      | 93,465  |         |   | $ | 1,558,211 |   |
| Depreciation      and amortization, net of (gains) losses on disposals |   |                                            | 174,359   |   |   |   | 5,041   |         |   |   | 179,400 |   |
| Interest      expense                                                  |   |                                            | 70,227    |   |   |   | 449     |         |   |   | 70,676 |   |
| Pretax      earnings                                                   |   |                                            | 102,657   |   |   |   | 10,239  |         |   |   | 112,896 |   |
| Income      tax expense                                                |   |                                            | 38,771    |   |   |   | 3,482   |         |   |   | 42,253 |   |
| Identifiable      assets                                               |   |                                            | 3,856,048 |   |   |   | 113,641 |         |   |   | 3,969,689 |   |
|                                                                   |   |                                            |      |   |   |   |    |         |   |   |   |   |
| Nine      months ended December 31, 2008                               |   |                                            |      |   |   |   |    |         |   |   |   |   |
| Total      revenues                                                    |   | $                                               | 1,483,062 |   |   | $      | 93,811  |         |   | $ | 1,576,873 |   |
| Depreciation      and amortization, net of (gains) losses on disposals |   |                                            | 200,957   |   |   |   | 6,259   |         |   |   | 207,216 |   |
| Interest      expense                                                  |   |                                            | 74,301    |   |   |   | 473     |         |   |   | 74,774 |   |
| Pretax      earnings                                                   |   |                                            | 71,983    |   |   |   | 6,426   |         |   |   | 78,409 |   |
| Income      tax expense                                                |   |                                            | 27,526    |   |   |   | 2,185   |         |   |   | 29,711 |   |
| Identifiable      assets                                               |   |                                            | 3,804,372 |   |   |   | 91,988  |         |   |   | 3,896,360 |   |

----

|                                                     |   | Quarter      Ended December 31, |   |
|----------------------------------------------------------|--------|---------------------------------|--------|
|                                                     |   | 2009                            |   |   | 2008 |   |
|                                                     |   | (Unaudited)                     |   |
|                                                     |   | (In      thousands)             |   |
|                                                     |   |                            |   |   |   |   |
| Service      cost for benefits earned during the period  |   | $                               | 105    |   |   | $ | 102 |   |
| Interest      cost on accumulated postretirement benefit |   |                            | 151    |   |   |   | 135 |   |
| Other      components                                    |   |                            | (26    | ) |   |   | (23 | ) |
| Net      periodic postretirement benefit cost            |   | $                               | 230    |   |   | $ | 214 |   |

|                                                     |   | Nine      Months Ended December 31, |   |
|----------------------------------------------------------|--------|-------------------------------------|--------|
|                                                     |   | 2009                                |   |   | 2008 |   |
|                                                     |   | (Unaudited)                         |   |
|                                                     |   | (In      thousands)                 |   |
|                                                     |   |                                |   |   |   |   |
| Service      cost for benefits earned during the period  |   | $                                   | 315    |   |   | $ | 308 |   |
| Interest      cost on accumulated postretirement benefit |   |                                | 452    |   |   |   | 403 |   |
| Other      components                                    |   |                                | (78    | ) |   |   | (70 | ) |
| Net      periodic postretirement benefit cost            |   | $                                   | 689    |   |   | $ | 641 |   |

----

|                                                 |   | 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                          |   | $                   | 462,209   |   |                                                                | $      | 462,209 |                                               |   | $      | -                                              |   |   | $ | - |   |
| Fixed      maturities - available for sale           |   |                | 536,458   |   |                                                                |   | 518,601 |                                               |   |   | 15,931                                         |   |   |   | 1,926 |   |
| Preferred      stock                                 |   |                | 18,075    |   |                                                                |   | 18,075  |                                               |   |   | -                                              |   |   |   | - |   |
| Common      stock                                    |   |                | 13        |   |                                                                |   | 13      |                                               |   |   | -                                              |   |   |   | - |   |
| Less:      Preferred stock of AMERCO held by RepWest |   |                | (1,874    | )      |                                                                |   | (1,874  | )                                                  |   |   | -                                              |   |   |   | - |   |
| Total                                                |   | $                   | 1,014,881 |   |                                                                | $      | 997,024 |                                               |   | $      | 15,931                                         |   |   | $ | 1,926 |   |
|                                                 |   |                |      |   |                                                                |   |    |                                               |   |   |                                           |   |   |   |   |   |
|                                                 |   |                |      |   |                                                                |   |    |                                               |   |   |                                           |   |   |   |   |   |
| Liabilities                                          |   |                |      |   |                                                                |   |    |                                               |   |   |                                           |   |   |   |   |   |
| Guaranteed      residual values of TRAC leases       |   | $                   | -         |   |                                                                | $      | -       |                                               |   | $      | -                                              |   |   | $ | - |   |
| Derivatives                                          |   |                | 51,028    |   |                                                                |   | -       |                                               |   |   | 51,028                                         |   |   |   | - |   |
| Total                                                |   | $                   | 51,028    |   |                                                                | $      | -       |                                               |   | $      | 51,028                                         |   |   | $ | - |   |

----

|                                                              |   | 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 |   |
| Fixed      Maturities - Asset Backed Securities loss (realized)   |   |                                            | -      |   |                                            |   | (106   | )                 |   |   | -     |   |   |   | (106 | ) |
| Fixed      Maturities - Asset Backed Securities loss (unrealized) |   |                                            | -      |   |                                            |   | (219   | )                 |   |   | -     |   |   |   | (219 | ) |
| Securities      called at par                                     |   |                                            | (222   | )      |                                            |   | -      |              |   |   | -     |   |   |   | (222 | ) |
| Balance      at September 30, 2009                                |   |                                            | 2,355  |   |                                            |   | 38     |              |   |   | -     |   |   |   | 2,393 |   |
| Fixed      Maturities - Auction Rate Securities gain (unrealized) |   |                                            | 18     |   |                                            |   | -      |              |   |   | -     |   |   |   | 18 |   |
| Fixed      Maturities - Asset Backed Securities gain (unrealized) |   |                                            | -      |   |                                            |   | 234    |              |   |   | -     |   |   |   | 234 |   |
| Securities      OTTI loss (realized)                              |   |                                            | -      |   |                                            |   | (226   | )                 |   |   | -     |   |   |   | (226 | ) |
| Securities      called at par                                     |   |                                            | (493   | )      |                                            |   | -      |              |   |   | -     |   |   |   | (493 | ) |
| Balance      at December 31, 2009                                 |   | $                                               | 1,880  |   |                                            | $      | 46     |              |   | $      | -     |   |   | $ | 1,926 |   |

----

Management’s Discussion and Analysis 

|   | 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 RealEstate, |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------|

|   | (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 December 31, |    |
|--------------------------------------------------------------------|--------|---------------------------------|---------|
|                                                               |   | 2009                            |    |   | 2008 |   |
|                                                               |   | (Unaudited)                     |    |
|                                                               |   | (In      thousands)             |    |
|  Self-moving      equipment rentals                           |   | $                               | 321,275 |   |   | $ | 311,557 |   |
|  Self-storage      revenues                                   |   |                            | 27,931  |   |   |   | 27,397 |   |
|  Self-moving      and self-storage products and service sales |   |                            | 41,077  |   |   |   | 38,663 |   |
|  Property      management fees                                |   |                            | 5,504   |   |   |   | 6,059 |   |
|  Life      insurance premiums                                 |   |                            | 39,011  |   |   |   | 27,509 |   |
|  Property      and casualty insurance premiums                |   |                            | 7,810   |   |   |   | 8,129 |   |
|  Net      investment and interest income                      |   |                            | 12,689  |   |   |   | 14,913 |   |
|  Other      revenue                                           |   |                            | 8,331   |   |   |   | 8,357 |   |
|  Consolidated      revenue                                    |   | $                               | 463,628 |   |   | $ | 442,584 |   |

----

|                                       |   | Quarter      Ended December 31, |    |
|--------------------------------------------|--------|---------------------------------|---------|
|                                       |   | 2009                            |    |   | 2008 |   |
|                                       |   | (Unaudited)                     |    |
|                                       |   | (In      thousands)             |    |
|  Moving      and storage              |   |                            |    |   |   |   |
|  Revenues                             |   | $                               | 410,969 |   |   | $ | 399,851 |   |
|  Earnings      (loss) from operations |   |                            | 26,126  |   |   |   | (16,505 | ) |
|  Property      and casualty insurance |   |                            |    |   |   |   |   |   |
|  Revenues                             |   |                            | 9,642   |   |   |   | 10,317 |   |
|  Earnings      from operations        |   |                            | 1,636   |   |   |   | 2,609 |   |
|  Life      insurance                  |   |                            |    |   |   |   |   |   |
|  Revenues                             |   |                            | 44,389  |   |   |   | 33,342 |   |
|  Earnings      from operations        |   |                            | 5,462   |   |   |   | 3,888 |   |
|  Eliminations                         |   |                            |    |   |   |   |   |   |
|  Revenues                             |   |                            | (1,372  | ) |   |   | (926 | ) |
|  Earnings      from operations        |   |                            | (4,666  | ) |   |   | (3,993 | ) |
|  Consolidated      results            |   |                            |    |   |   |   |   |   |
|  Revenues                             |   |                            | 463,628 |   |   |   | 442,584 |   |
|  Earnings      (loss) from operations |   |                            | 28,558  |   |   |   | (14,001 | ) |

----

|                                                               |   | Quarter      Ended December 31, |    |
|--------------------------------------------------------------------|--------|---------------------------------|---------|
|                                                               |   | 2009                            |    |   | 2008 |   |
|                                                               |   | (Unaudited)                     |    |
|                                                               |   | (In      thousands)             |    |
|  Self-moving      equipment rentals                           |   | $                               | 321,784 |   |   | $ | 311,597 |   |
|  Self-storage      revenues                                   |   |                            | 27,931  |   |   |   | 27,397 |   |
|  Self-moving      and self-storage products and service sales |   |                            | 41,077  |   |   |   | 38,663 |   |
|  Property      management fees                                |   |                            | 5,504   |   |   |   | 6,059 |   |
|  Net      investment and interest income                      |   |                            | 6,408   |   |   |   | 8,006 |   |
|  Other      revenue                                           |   |                            | 8,265   |   |   |   | 8,129 |   |
|  Moving      and Storage revenue                              |   | $                               | 410,969 |   |   | $ | 399,851 |   |

|                                            |   | Quarter      Ended December 31,            |   |
|-------------------------------------------------|--------|--------------------------------------------|--------|
|                                            |   | 2009                                       |   |   | 2008 |   |
|                                            |   | (Unaudited)                                |   |
|                                            |   | (In      thousands, except occupancy rate) |   |
| Room      count as of December 31               |   |                                       | 143    |   |   |   | 137 |   |
| Square      footage as of December 31           |   |                                       | 11,625 |   |   |   | 11,033 |   |
| Average      number of rooms occupied           |   |                                       | 106    |   |   |   | 106 |   |
| Average      occupancy rate based on room count |   |                                       | 74.1   | % |   |   | 78.0 | % |
| Average      square footage occupied            |   |                                       | 8,799  |   |   |   | 8,718 |   |

----

----

|                                                               |   | Nine      Months Ended December 31, |      |
|--------------------------------------------------------------------|--------|-------------------------------------|-----------|
|                                                               |   | 2009                                |      |   | 2008 |   |
|                                                               |   | (Unaudited)                         |      |
|                                                               |   | (In      thousands)                 |      |
|  Self-moving      equipment rentals                           |   | $                                   | 1,121,419 |   |   | $ | 1,140,830 |   |
|  Self-storage      revenues                                   |   |                                | 82,347    |   |   |   | 82,849 |   |
|  Self-moving      and self-storage products and service sales |   |                                | 154,421   |   |   |   | 159,515 |   |
|  Property      management fees                                |   |                                | 14,432    |   |   |   | 15,496 |   |
|  Life      insurance premiums                                 |   |                                | 95,353    |   |   |   | 81,525 |   |
|  Property      and casualty insurance premiums                |   |                                | 21,071    |   |   |   | 21,612 |   |
|  Net      investment and interest income                      |   |                                | 38,908    |   |   |   | 44,492 |   |
|  Other      revenue                                           |   |                                | 30,260    |   |   |   | 30,554 |   |
|  Consolidated      revenue                                    |   | $                                   | 1,558,211 |   |   | $ | 1,576,873 |   |

----

|                                       |   | Nine      Months Ended December 31, |      |
|--------------------------------------------|--------|-------------------------------------|-----------|
|                                       |   | 2009                                |      |   | 2008 |   |
|                                       |   | (Unaudited)                         |      |
|                                       |   | (In      thousands)                 |      |
|  Moving      and storage              |   |                                |      |   |   |   |
|  Revenues                             |   | $                                   | 1,423,054 |   |   | $ | 1,449,370 |   |
|  Earnings      from operations        |   |                                | 177,792   |   |   |   | 146,031 |   |
|  Property      and casualty insurance |   |                                |      |   |   |   |   |   |
|  Revenues                             |   |                                | 26,552    |   |   |   | 28,892 |   |
|  Earnings      from operations        |   |                                | 4,686     |   |   |   | 7,009 |   |
|  Life      insurance                  |   |                                |      |   |   |   |   |   |
|  Revenues                             |   |                                | 111,996   |   |   |   | 100,921 |   |
|  Earnings      from operations        |   |                                | 12,051    |   |   |   | 13,391 |   |
|  Eliminations                         |   |                                |      |   |   |   |   |   |
|  Revenues                             |   |                                | (3,391    | ) |   |   | (2,310 | ) |
|  Earnings      from operations        |   |                                | (10,957   | ) |   |   | (13,248 | ) |
|  Consolidated      results            |   |                                |      |   |   |   |   |   |
|  Revenues                             |   |                                | 1,558,211 |   |   |   | 1,576,873 |   |
|  Earnings      from operations        |   |                                | 183,572   |   |   |   | 153,183 |   |

----

|                                                               |   | Nine      Months Ended December 31, |      |
|--------------------------------------------------------------------|--------|-------------------------------------|-----------|
|                                                               |   | 2009                                |      |   | 2008 |   |
|                                                               |   | (Unaudited)                         |      |
|                                                               |   | (In      thousands)                 |      |
|  Self-moving      equipment rentals                           |   | $                                   | 1,122,676 |   |   | $ | 1,140,870 |   |
|  Self-storage      revenues                                   |   |                                | 82,347    |   |   |   | 82,849 |   |
|  Self-moving      and self-storage products and service sales |   |                                | 154,421   |   |   |   | 159,515 |   |
|  Property      management fees                                |   |                                | 14,432    |   |   |   | 15,496 |   |
|  Net      investment and interest income                      |   |                                | 19,838    |   |   |   | 23,034 |   |
|  Other      revenue                                           |   |                                | 29,340    |   |   |   | 27,606 |   |
|  Moving      and Storage revenue                              |   | $                                   | 1,423,054 |   |   | $ | 1,449,370 |   |

|                                            |   | Nine      Months Ended December 31,        |   |
|-------------------------------------------------|--------|--------------------------------------------|--------|
|                                            |   | 2009                                       |   |   | 2008 |   |
|                                            |   | (Unaudited)                                |   |
|                                            |   | (In      thousands, except occupancy rate) |   |
| Room      count as of December 31               |   |                                       | 143    |   |   |   | 137 |   |
| Square      footage as of December 31           |   |                                       | 11,625 |   |   |   | 11,033 |   |
| Average      number of rooms occupied           |   |                                       | 106    |   |   |   | 107 |   |
| Average      occupancy rate based on room count |   |                                       | 75.7   | % |   |   | 80.2 | % |
| Average      square footage occupied            |   |                                       | 8,824  |   |   |   | 8,808 |   |

----

----

|                              |   | Moving      & Storage |      |   | Property      and Casualty Insurance (a) |   |    | Life      Insurance (a) |   |
|-----------------------------------|--------|---------------------------|-----------|--------|------------------------------------------|--------|---------|-------------------------|--------|
|                              |   | (Unaudited)               |      |
|                              |   | (In      thousands)       |      |
|                              |   |                      |      |   |                                     |   |    |                    |   |
| Cash      and cash equivalents    |   | $                         | 373,595   |   |                                     | $      | 22,330  |                    |   | $ | 15,776 |   |
| Other      financial assets       |   |                      | 341,254   |   |                                     |   | 381,346 |                    |   |   | 559,507 |   |
| Debt      obligations             |   |                      | 1,537,903 |   |                                     |   | -       |                    |   |   | - |   |
|                              |   |                      |      |   |                                     |   |    |                    |   |   |   |   |
| (a)      As of September 30, 2009 |   |                      |      |   |                                     |   |    |                    |   |   |   |   |

----

----

----

----

----

Quantitative and Qualitative 

|                | Notional      Amount                  |   |          | Fair      Value |   | Effective      Date |   | Expiration      Date |   | Fixed      Rate |   | Floating      Rate |
|---------------------|---------------------------------------|--------|---------------|-----------------|--------|---------------------|--------|----------------------|--------|-----------------|--------|--------------------|
| (Unaudited)         |
| (In      thousands) |
|                |                                  |
| $                   | 67,456                                |   | (a),      (b) |            | $      | (4,578)             |   | 5/10/2006            |   | 4/10/2012       |   | 5.06%              |   | 1      Month LIBOR |
|                | 69,502                                |   | (a),      (b) |            |   | (5,841)             |   | 10/10/2006           |   | 10/10/2012      |   | 5.57%              |   | 1      Month LIBOR |
|                | 23,738                                |   | (a)           |            |   | (2,348)             |   | 7/10/2006            |   | 7/10/2013       |   | 5.67%              |   | 1      Month LIBOR |
|                |  266,667                         |   | (a)           |            |   |  (33,032)      |   | 8/18/2006            |   | 8/10/2018       |   | 5.43%              |   | 1      Month LIBOR |
|                | 15,750                                |   | (a)           |            |   | (1,384)             |   | 2/12/2007            |   | 2/10/2014       |   | 5.24%              |   | 1      Month LIBOR |
|                | 10,743                                |   | (a)           |            |   | (872)               |   | 3/12/2007            |   | 3/10/2014       |   | 4.99%              |   | 1      Month LIBOR |
|                | 10,750                                |   | (a)           |            |   | (874)               |   | 3/12/2007            |   | 3/10/2014       |   | 4.99%              |   | 1      Month LIBOR |
|                | 14,500                                |   | (a),      (b) |            |   | (471)               |   | 8/15/2008            |   | 6/15/2015       |   | 3.62%              |   | 1      Month LIBOR |
|                | 15,200                                |   | (a)           |            |   | (709)               |   | 8/29/2008            |   | 7/10/2015       |   | 4.04%              |   | 1      Month LIBOR |
|                | 22,859                                |   | (a)           |            |   | (1,147)             |   | 9/30/2008            |   | 9/10/2015       |   | 4.16%              |   | 1      Month LIBOR |
|                | 13,000                                |   | (a),      (b) |            |   |  228           |   | 3/30/2009            |   | 4/15/2016       |   | 2.24%              |   | 1      Month LIBOR |
|                |                                  |
|                | (a)      interest rate swap agreement |
|                | (b)      forward swap                 |

----

Controls and 

----

Legal Proceedings

Risk Factors

Unregistered Sales 

Defaults upon 

Submission

Other Information

Exhibi

| 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 |

----

----