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

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

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

----

|     |                                                                                                                                      | Page No. |
|----------|-------------------------------------------------------------------------------------------------------------------------------------------|----------|
|     | PART I FINANCIAL INFORMATION                                                                                                              |     |
| Item 1.  | Financial Statements                                                                                                                      |     |
|     | a)Condensed Consolidated Balance Sheets as of December 31, 2010 (unaudited) and March 31, 2010                                            | 1        |
|     | b)Condensed Consolidated Statements of Operations for the Quarters ended December 31, 2010 and 2009 (unaudited)                           | 2        |
|     | c)Condensed Consolidated Statements of Operations for the Nine Months ended December 31, 2010 and 2009 (unaudited)                        | 3        |
|     | d)Condensed Consolidated Statements of Comprehensive Income for the Quarters and Nine Months ended December 31, 2010 and 2009 (unaudited) | 4        |
|     | e)Condensed Consolidated Statements of Cash Flows for the Nine Months ended December 31, 2010 and 2009 (unaudited)                        | 5        |
|     | f)Notes to Condensed Consolidated Financial Statements (unaudited)                                                                        | 6 - 38   |
| Item 2.  | Management’s Discussion and Analysis of Financial Condition and Results of Operations                                               | 39 - 57  |
| Item 3.  | Quantitative and Qualitative Disclosures About Market Risk                                                                                | 57 - 58  |
| Item 4.  | Controls and Procedures                                                                                                                   | 58 - 59  |
|     |                                                                                                                                      |     |
|     | PART II OTHER INFORMATION                                                                                                                 |     |
| Item 1.  | Legal Proceedings                                                                                                                         | 59       |
| Item 1A. | Risk Factors                                                                                                                              | 59       |
| Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds                                                                               | 59       |
| Item 3.  | Defaults Upon Senior Securities                                                                                                           | 59       |
| Item 4.  | (Removed and Reserved)                                                                                                                    | 59       |
| Item 5.  | Other Information                                                                                                                         | 59       |
| Item 6.  | Exhibits                                                                                                                                  | 59       |

----

Item 1. 

Financial 

|                                                                                            |   | December 31,   |       |   | March 31, |   |
|-------------------------------------------------------------------------------------------------|--------|----------------|------------|--------|-----------|--------|
|                                                                                            |   | 2010           |       |   | 2010      |   |
|                                                                                            |   | (Unaudited)    |       |   |      |   |
|                                                                                            |   | (In thousands) |       |
| ASSETS                                                                                          |   |           |       |   |      |   |
| Cash and cash equivalents                                                                       |   | $              | 405,318    |   |      | $      | 244,118 |   |
| Reinsurance recoverables and trade receivables, net                                             |   |           | 232,815    |   |      |   | 198,283 |   |
| Notes and mortgage receivables, net                                                             |   |           | 3,795      |   |      |   | 1,461 |   |
| Inventories, net                                                                                |   |           | 60,375     |   |      |   | 52,837 |   |
| Prepaid expenses                                                                                |   |           | 43,596     |   |      |   | 53,379 |   |
| Investments, fixed maturities and marketable equities                                           |   |           | 650,492    |   |      |   | 549,318 |   |
| Investments, other                                                                              |   |           | 198,913    |   |      |   | 227,486 |   |
| Deferred policy acquisition costs, net                                                          |   |           | 48,249     |   |      |   | 39,194 |   |
| Other assets                                                                                    |   |           | 193,000    |   |      |   | 145,864 |   |
| Related party assets                                                                            |   |           | 297,386    |   |      |   | 302,126 |   |
|                                                                                            |   |           | 2,133,939  |   |      |   | 1,814,066 |   |
| Property, plant and equipment, at cost:                                                         |   |           |       |   |      |   |   |   |
| Land                                                                                            |   |           | 235,033    |   |      |   | 224,904 |   |
| Buildings and improvements                                                                      |   |           | 1,013,373  |   |      |   | 970,937 |   |
| Furniture and equipment                                                                         |   |           | 318,203    |   |      |   | 323,334 |   |
| Rental trailers and other rental equipment                                                      |   |           | 247,549    |   |      |   | 244,131 |   |
| Rental trucks                                                                                   |   |           | 1,550,106  |   |      |   | 1,529,817 |   |
|                                                                                            |   |           | 3,364,264  |   |      |   | 3,293,123 |   |
| Less: Accumulated depreciation                                                                  |   |           | (1,342,673 | )      |      |   | (1,344,735 | ) |
| Total property, plant and equipment                                                             |   |           | 2,021,591  |   |      |   | 1,948,388 |   |
| Total assets                                                                                    |   | $              | 4,155,530  |   |      | $      | 3,762,454 |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                            |   |           |       |   |      |   |   |   |
| Liabilities:                                                                                    |   |           |       |   |      |   |   |   |
| Accounts payable and accrued expenses                                                           |   | $              | 311,304    |   |      | $      | 296,057 |   |
| Notes, loans and leases payable                                                                 |   |           | 1,417,974  |   |      |   | 1,347,635 |   |
| Policy benefits and losses, claims and loss expenses payable                                    |   |           | 902,010    |   |      |   | 816,909 |   |
| Liabilities from investment contracts                                                           |   |           | 251,563    |   |      |   | 268,810 |   |
| Other policyholders' funds and liabilities                                                      |   |           | 8,960      |   |      |   | 8,155 |   |
| Deferred income                                                                                 |   |           | 26,129     |   |      |   | 25,207 |   |
| Deferred income taxes                                                                           |   |           | 252,385    |   |      |   | 186,770 |   |
| Total liabilities                                                                               |   |           | 3,170,325  |   |      |   | 2,949,543 |   |
|                                                                                            |   |           |       |   |      |   |   |   |
| Commitments and contingencies (notes 4, 9, 10 and 11)                                           |   |           |       |   |      |   |   |   |
| Stockholders' equity:                                                                           |   |           |       |   |      |   |   |   |
| Series preferred stock, with or without par value, 50,000,000 shares authorized:                |   |           |       |   |      |   |   |   |
| Series A preferred stock, with no par value, 6,100,000 shares authorized;                       |   |           |       |   |      |   |   |   |
| 5,796,000 and 5,992,800 shares issued and outstanding as of December 31 and March 31, 2010      |   |           | -          |   |      |   | - |   |
| Series B preferred stock, with no par value, 100,000 shares authorized; none                    |   |           |       |   |      |   |   |   |
| issued and outstanding as of December 31 and March 31, 2010                                     |   |           | -          |   |      |   | - |   |
| Series common stock, with or without par value, 150,000,000 shares authorized:                  |   |           |       |   |      |   |   |   |
| Series A common stock of $0.25 par value, 10,000,000 shares authorized;                         |   |           |       |   |      |   |   |   |
| none issued and outstanding as of December 31 and March 31, 2010                                |   |           | -          |   |      |   | - |   |
| Common stock of $0.25 par value, 150,000,000 shares authorized; 41,985,700                      |   |           |       |   |      |   |   |   |
| issued as of December 31 and March 31, 2010                                                     |   |           | 10,497     |   |      |   | 10,497 |   |
| Additional paid-in capital                                                                      |   |           | 417,259    |   |      |   | 419,811 |   |
| Accumulated other comprehensive loss                                                            |   |           | (43,064    | )      |      |   | (56,207 | ) |
| Retained earnings                                                                               |   |           | 1,129,839  |   |      |   | 969,017 |   |
| Cost of common shares in treasury, net (22,377,912 shares as of December 31 and March 31, 2010) |   |           | (525,653   | )      |      |   | (525,653 | ) |
| Unearned employee stock ownership plan shares                                                   |   |           | (3,673     | )      |      |   | (4,554 | ) |
| Total stockholders' equity                                                                      |   |           | 985,205    |   |      |   | 812,911 |   |
| Total liabilities and stockholders' equity                                                      |   | $              | 4,155,530  |   |      | $      | 3,762,454 |   |

----

CONDENSED

|                                                                               |   | Quarter Ended December 31,                         |       |
|------------------------------------------------------------------------------------|--------|----------------------------------------------------|------------|
|                                                                               |   | 2010                                               |       |   | 2009 |   |
|                                                                               |   | (Unaudited)                                        |       |
|                                                                               |   | (In thousands, except share and per share amounts) |       |
| Revenues:                                                                          |   |                                               |       |   |   |   |
| Self-moving equipment rentals                                                      |   | $                                                  | 342,953    |   |   | $ | 321,275 |   |
| Self-storage revenues                                                              |   |                                               | 30,638     |   |   |   | 27,931 |   |
| Self-moving and self-storage products and service sales                            |   |                                               | 41,533     |   |   |   | 41,077 |   |
| Property management fees                                                           |   |                                               | 5,129      |   |   |   | 5,504 |   |
| Life insurance premiums                                                            |   |                                               | 74,306     |   |   |   | 39,011 |   |
| Property and casualty insurance premiums                                           |   |                                               | 8,998      |   |   |   | 7,810 |   |
| Net investment and interest income                                                 |   |                                               | 13,213     |   |   |   | 12,689 |   |
| Other revenue                                                                      |   |                                               | 13,212     |   |   |   | 8,331 |   |
| Total revenues                                                                     |   |                                               | 529,982    |   |   |   | 463,628 |   |
|                                                                               |   |                                               |       |   |   |   |   |   |
| Costs and expenses:                                                                |   |                                               |       |   |   |   |   |   |
| Operating expenses                                                                 |   |                                               | 252,986    |   |   |   | 244,713 |   |
| Commission expenses                                                                |   |                                               | 42,367     |   |   |   | 37,974 |   |
| Cost of sales                                                                      |   |                                               | 22,586     |   |   |   | 20,797 |   |
| Benefits and losses                                                                |   |                                               | 70,312     |   |   |   | 33,959 |   |
| Amortization of deferred policy acquisition costs                                  |   |                                               | 2,480      |   |   |   | 2,154 |   |
| Lease expense                                                                      |   |                                               | 37,159     |   |   |   | 38,447 |   |
| Depreciation, net of (gains) losses on disposals (($1,655) and $266, respectively) |   |                                               | 50,815     |   |   |   | 57,026 |   |
| Total costs and expenses                                                           |   |                                               | 478,705    |   |   |   | 435,070 |   |
|                                                                               |   |                                               |       |   |   |   |   |   |
| Earnings from operations                                                           |   |                                               | 51,277     |   |   |   | 28,558 |   |
| Interest expense                                                                   |   |                                               | (22,236    | ) |   |   | (23,517 | ) |
| Pretax earnings                                                                    |   |                                               | 29,041     |   |   |   | 5,041 |   |
| Income tax expense                                                                 |   |                                               | (10,433    | ) |   |   | (1,521 | ) |
| Net earnings                                                                       |   |                                               | 18,608     |   |   |   | 3,520 |   |
| Excess of carrying amount of preferred stock over consideration paid               |   |                                               | -          |   |   |   | 10 |   |
| Less: Preferred stock dividends                                                    |   |                                               | (3,079     | ) |   |   | (3,205 | ) |
| Earnings available to common shareholders                                          |   | $                                                  | 15,529     |   |   | $ | 325 |   |
| Basic and diluted earnings per common share                                        |   | $                                                  | 0.80       |   |   | $ | 0.02 |   |
| Weighted average common shares outstanding: Basic and diluted                      |   |                                               | 19,439,622 |   |   |   | 19,393,306 |   |

----

CONDENSED

|                                                                             |   | Nine Months Ended December 31,                     |       |
|----------------------------------------------------------------------------------|--------|----------------------------------------------------|------------|
|                                                                             |   | 2010                                               |       |   | 2009 |   |
|                                                                             |   | (Unaudited)                                        |       |
|                                                                             |   | (In thousands, except share and per share amounts) |       |
| Revenues:                                                                        |   |                                               |       |   |   |   |
| Self-moving equipment rentals                                                    |   | $                                                  | 1,229,544  |   |   | $ | 1,121,419 |   |
| Self-storage revenues                                                            |   |                                               | 89,512     |   |   |   | 82,347 |   |
| Self-moving and self-storage products and service sales                          |   |                                               | 161,644    |   |   |   | 154,421 |   |
| Property management fees                                                         |   |                                               | 14,245     |   |   |   | 14,432 |   |
| Life insurance premiums                                                          |   |                                               | 152,131    |   |   |   | 95,353 |   |
| Property and casualty insurance premiums                                         |   |                                               | 23,477     |   |   |   | 21,071 |   |
| Net investment and interest income                                               |   |                                               | 39,442     |   |   |   | 38,908 |   |
| Other revenue                                                                    |   |                                               | 42,910     |   |   |   | 30,260 |   |
| Total revenues                                                                   |   |                                               | 1,752,905  |   |   |   | 1,558,211 |   |
|                                                                             |   |                                               |       |   |   |   |   |   |
| Costs and expenses:                                                              |   |                                               |       |   |   |   |   |   |
| Operating expenses                                                               |   |                                               | 776,379    |   |   |   | 776,944 |   |
| Commission expenses                                                              |   |                                               | 152,149    |   |   |   | 133,483 |   |
| Cost of sales                                                                    |   |                                               | 83,854     |   |   |   | 79,606 |   |
| Benefits and losses                                                              |   |                                               | 143,117    |   |   |   | 87,460 |   |
| Amortization of deferred policy acquisition costs                                |   |                                               | 6,549      |   |   |   | 6,367 |   |
| Lease expense                                                                    |   |                                               | 113,789    |   |   |   | 117,746 |   |
| Depreciation, net of (gains) on disposals (($18,964) and ($1,506), respectively) |   |                                               | 139,561    |   |   |   | 173,033 |   |
| Total costs and expenses                                                         |   |                                               | 1,415,398  |   |   |   | 1,374,639 |   |
|                                                                             |   |                                               |       |   |   |   |   |   |
| Earnings from operations                                                         |   |                                               | 337,507    |   |   |   | 183,572 |   |
| Interest expense                                                                 |   |                                               | (65,488    | ) |   |   | (70,676 | ) |
| Pretax earnings                                                                  |   |                                               | 272,019    |   |   |   | 112,896 |   |
| Income tax expense                                                               |   |                                               | (101,690   | ) |   |   | (42,253 | ) |
| Net earnings                                                                     |   |                                               | 170,329    |   |   |   | 70,643 |   |
| Excess (loss) of carrying amount of preferred stock over consideration paid      |   |                                               | (171       | ) |   |   | 381 |   |
| Less: Preferred stock dividends                                                  |   |                                               | (9,336     | ) |   |   | (9,658 | ) |
| Earnings available to common shareholders                                        |   | $                                                  | 160,822    |   |   | $ | 61,366 |   |
| Basic and diluted earnings per common share                                      |   | $                                                  | 8.28       |   |   | $ | 3.17 |   |
| Weighted average common shares outstanding: Basic and diluted                    |   |                                               | 19,427,294 |   |   |   | 19,381,579 |   |

----

CONDENSED

| Quarter Ended December 31, 2010          |   | Pre-tax        |   |   | Tax    |   |    | Net    |   |
|------------------------------------------|--------|----------------|--------|--------|--------|--------|---------|--------|--------|
|                                     |   | (Unaudited)    |   |
|                                     |   | (In thousands) |   |
| Comprehensive income:                    |   |           |   |   |   |   |    |   |   |
| Net earnings                             |   | $              | 29,041 |   |   | $      | (10,433 | )      |   | $ | 18,608 |   |
| Other comprehensive income (loss):       |   |           |   |   |   |   |    |   |   |   |   |   |
| Foreign currency translation             |   |           | 3,317  |   |   |   | -       |   |   |   | 3,317 |   |
| Unrealized gain on investments           |   |           | 14,537 |   |   |   | (5,149  | )      |   |   | 9,388 |   |
| Change in fair value of cash flow hedges |   |           | 15,862 |   |   |   | (6,027  | )      |   |   | 9,835 |   |
| Total comprehensive income               |   | $              | 62,757 |   |   | $      | (21,609 | )      |   | $ | 41,148 |   |

| Quarter Ended December 31, 2009          |   | Pre-tax        |   |   | Tax    |   |   | Net    |   |
|------------------------------------------|--------|----------------|--------|--------|--------|--------|--------|--------|--------|
|                                     |   | (Unaudited)    |   |
|                                     |   | (In thousands) |   |
| Comprehensive income:                    |   |           |   |   |   |   |   |   |   |
| Net earnings                             |   | $              | 5,041  |   |   | $      | (1,521 | )      |   | $ | 3,520 |   |
| Other comprehensive income (loss):       |   |           |   |   |   |   |   |   |   |   |   |   |
| Foreign currency translation             |   |           | 1,830  |   |   |   | -      |   |   |   | 1,830 |   |
| Unrealized gain on investments           |   |           | 13,205 |   |   |   | (4,699 | )      |   |   | 8,506 |   |
| Change in fair value of cash flow hedges |   |           | 9,842  |   |   |   | (3,739 | )      |   |   | 6,103 |   |
| Total comprehensive income               |   | $              | 29,918 |   |   | $      | (9,959 | )      |   | $ | 19,959 |   |

| Nine Months Ended December 31, 2010      |   | Pre-tax        |    |   | Tax    |   |     | Net    |   |
|------------------------------------------|--------|----------------|---------|--------|--------|--------|----------|--------|--------|
|                                     |   | (Unaudited)    |    |
|                                     |   | (In thousands) |    |
| Comprehensive income:                    |   |           |    |   |   |   |     |   |   |
| Net earnings                             |   | $              | 272,019 |   |   | $      | (101,690 | )      |   | $ | 170,329 |   |
| Other comprehensive income (loss):       |   |           |    |   |   |   |     |   |   |   |   |   |
| Foreign currency translation             |   |           | 1,538   |   |   |   | -        |   |   |   | 1,538 |   |
| Unrealized gain on investments           |   |           | 21,300  |   |   |   | (7,398   | )      |   |   | 13,902 |   |
| Change in fair value of cash flow hedges |   |           | (3,706  | )      |   |   | 1,409    |   |   |   | (2,297 | ) |
| Total comprehensive income               |   | $              | 291,151 |   |   | $      | (107,679 | )      |   | $ | 183,472 |   |

| Nine Months Ended December 31, 2009      |   | Pre-tax        |    |   | Tax    |   |    | Net    |   |
|------------------------------------------|--------|----------------|---------|--------|--------|--------|---------|--------|--------|
|                                     |   | (Unaudited)    |    |
|                                     |   | (In thousands) |    |
| Comprehensive income:                    |   |           |    |   |   |   |    |   |   |
| Net earnings                             |   | $              | 112,896 |   |   | $      | (42,253 | )      |   | $ | 70,643 |   |
| Other comprehensive income (loss):       |   |           |    |   |   |   |    |   |   |   |   |   |
| Foreign currency translation             |   |           | 11,733  |   |   |   | -       |   |   |   | 11,733 |   |
| Unrealized gain on investments           |   |           | 20,813  |   |   |   | (7,361  | )      |   |   | 13,452 |   |
| Change in fair value of cash flow hedges |   |           | 26,816  |   |   |   | (10,189 | )      |   |   | 16,627 |   |
| Total comprehensive income               |   | $              | 172,258 |   |   | $      | (59,803 | )      |   | $ | 112,455 |   |

----

CONDENSED 

|                                                                        |   | Nine Months Ended December 31, |     |
|-----------------------------------------------------------------------------|--------|--------------------------------|----------|
|                                                                        |   | 2010                           |     |   | 2009 |   |
|                                                                        |   | (Unaudited)                    |     |
|                                                                        |   | (In thousands)                 |     |
|  Cash flow from operating activities:                                  |   |                           |     |   |   |   |
|  Net earnings                                                          |   | $                              | 170,329  |   |   | $ | 70,643 |   |
|  Adjustments to reconcile net earnings to cash provided by operations: |   |                           |     |   |   |   |   |   |
|  Depreciation                                                          |   |                           | 158,525  |   |   |   | 174,539 |   |
|  Amortization of deferred policy acquisition costs                     |   |                           | 6,549    |   |   |   | 6,367 |   |
|  Change in allowance for losses on trade receivables                   |   |                           | 26       |   |   |   | 139 |   |
|  Change in allowance for losses on mortgage notes                      |   |                           | -        |   |   |   | (6 | ) |
|  Change in allowance for inventory reserves                            |   |                           | 1,271    |   |   |   | 2,422 |   |
|  Net gain on sale of real and personal property                        |   |                           | (18,964  | ) |   |   | (1,506 | ) |
|  Net gain on sale of investments                                       |   |                           | (1,546   | ) |   |   | (850 | ) |
|  Deferred income taxes                                                 |   |                           | 59,628   |   |   |   | 39,767 |   |
|  Net change in other operating assets and liabilities:                 |   |                           |     |   |   |   |   |   |
| Reinsurance recoverables and trade receivables                              |   |                           | (34,547  | ) |   |   | 10,478 |   |
| Inventories                                                                 |   |                           | (8,809   | ) |   |   | 10,644 |   |
| Prepaid expenses                                                            |   |                           | 9,784    |   |   |   | 1,543 |   |
| Capitalization of deferred policy acquisition costs                         |   |                           | (20,584  | ) |   |   | (10,383 | ) |
| Other assets                                                                |   |                           | 42,564   |   |   |   | 4,370 |   |
| Related party assets                                                        |   |                           | 1,136    |   |   |   | 2,152 |   |
| Accounts payable and accrued expenses                                       |   |                           | 14,633   |   |   |   | (22,754 | ) |
| Policy benefits and losses, claims and loss expenses payable                |   |                           | 84,779   |   |   |   | 27,010 |   |
| Other policyholders' funds and liabilities                                  |   |                           | 804      |   |   |   | (1,329 | ) |
| Deferred income                                                             |   |                           | 903      |   |   |   | 418 |   |
| Related party liabilities                                                   |   |                           | 273      |   |   |   | (976 | ) |
|  Net cash provided by operating activities                             |   |                           | 466,754  |   |   |   | 312,688 |   |
|                                                                        |   |                           |     |   |   |   |   |   |
|  Cash flows from investing activities:                                 |   |                           |     |   |   |   |   |   |
|  Purchases of:                                                         |   |                           |     |   |   |   |   |   |
| Property, plant and equipment                                               |   |                           | (337,510 | ) |   |   | (201,180 | ) |
| Short term investments                                                      |   |                           | (172,451 | ) |   |   | (206,681 | ) |
| Fixed maturities investments                                                |   |                           | (155,242 | ) |   |   | (129,401 | ) |
| Equity securities                                                           |   |                           | (11,247  | ) |   |   | - |   |
| Preferred stock                                                             |   |                           | (11,391  | ) |   |   | (1,539 | ) |
| Real estate                                                                 |   |                           | (145     | ) |   |   | (457 | ) |
| Mortgage loans                                                              |   |                           | (23,391  | ) |   |   | (2,213 | ) |
|  Proceeds from sale of:                                                |   |                           |     |   |   |   |   |   |
| Property, plant and equipment                                               |   |                           | 149,351  |   |   |   | 119,110 |   |
| Short term investments                                                      |   |                           | 213,172  |   |   |   | 216,932 |   |
| Fixed maturities investments                                                |   |                           | 97,015   |   |   |   | 127,244 |   |
| Equity securities                                                           |   |                           | 1,198    |   |   |   | - |   |
| Preferred stock                                                             |   |                           | -        |   |   |   | 2,236 |   |
| Real estate                                                                 |   |                           | 190      |   |   |   | 53 |   |
| Mortgage loans                                                              |   |                           | 8,797    |   |   |   | 4,728 |   |
| Payments from notes and mortgage receivables                                |   |                           | 65       |   |   |   | 131 |   |
|  Net cash used by investing activities                                 |   |                           | (241,589 | ) |   |   | (71,037 | ) |
|                                                                        |   |                           |     |   |   |   |   |   |
|  Cash flows from financing activities:                                 |   |                           |     |   |   |   |   |   |
| Borrowings from credit facilities                                           |   |                           | 306,687  |   |   |   | 63,093 |   |
| Principal repayments on credit facilities                                   |   |                           | (248,884 | ) |   |   | (98,877 | ) |
| Debt issuance costs                                                         |   |                           | (1,987   | ) |   |   | (2,325 | ) |
| Capital lease payments                                                      |   |                           | (9,852   | ) |   |   | (2,519 | ) |
| Leveraged Employee Stock Ownership Plan - repayments from loan              |   |                           | 881      |   |   |   | 812 |   |
| Securitizaton deposits                                                      |   |                           | (87,710  | ) |   |   | - |   |
| Preferred stock dividends paid                                              |   |                           | (9,336   | ) |   |   | (9,658 | ) |
| Dividend from related party                                                 |   |                           | 3,303    |   |   |   | 7,764 |   |
| Investment contract deposits                                                |   |                           | 8,503    |   |   |   | 8,230 |   |
| Investment contract withdrawals                                             |   |                           | (25,749  | ) |   |   | (38,908 | ) |
|  Net cash used by financing activities                                 |   |                           | (64,144  | ) |   |   | (72,388 | ) |
|                                                                        |   |                           |     |   |   |   |   |   |
|  Effects of exchange rate on cash                                      |   |                           | 179      |   |   |   | 1,851 |   |
|                                                                        |   |                           |     |   |   |   |   |   |
|  Increase in cash and cash equivalents                                 |   |                           | 161,200  |   |   |   | 171,114 |   |
|  Cash and cash equivalents at the beginning of period                  |   |                           | 244,118  |   |   |   | 240,587 |   |
|  Cash and cash equivalents at the end of period                        |   | $                              | 405,318  |   |   | $ | 411,701 |   |

----

1.      Basis 

----

----

|                                                 |   | AmortizedCost  |    |   | GrossUnrealizedGains |   |   | GrossUnrealizedLosses More than 12 Months |   |   | GrossUnrealizedLosses Less than 12 Months |   |   | EstimatedMarketValue |   |
|------------------------------------------------------|--------|----------------|---------|--------|----------------------|--------|--------|-------------------------------------------|--------|--------|-------------------------------------------|--------|--------|----------------------|--------|
|                                                 |   | (Unaudited)    |    |
|                                                 |   | (In thousands) |    |
| U.S. treasury securities and government obligations  |   | $              | 47,484  |   |                 | $      | 3,104  |                                      |   | $      | (22                                       | )      |   | $                    | -      |   |   | $ | 50,566 |   |
| U.S. government agency mortgage-backed securities    |   |           | 77,968  |   |                 |   | 7,589  |                                      |   |   | (2                                        | )      |   |                 | (1     | ) |   |   | 85,554 |   |
| Obligations of states and political subdivisions     |   |           | 44,449  |   |                 |   | 1,415  |                                      |   |   | (278                                      | )      |   |                 | (1,033 | ) |   |   | 44,553 |   |
| Corporate securities                                 |   |           | 382,375 |   |                 |   | 31,870 |                                      |   |   | (619                                      | )      |   |                 | (71    | ) |   |   | 413,555 |   |
| Mortgage-backed securities                           |   |           | 7,152   |   |                 |   | 255    |                                      |   |   | (237                                      | )      |   |                 | -      |   |   |   | 7,170 |   |
| Redeemable preferred stocks                          |   |           | 30,116  |   |                 |   | 2,037  |                                      |   |   | (1,311                                    | )      |   |                 | -      |   |   |   | 30,842 |   |
| Common stocks                                        |   |           | 28,494  |   |                 |   | 6,193  |                                      |   |   | -                                         |   |   |                 | (8,656 | ) |   |   | 26,031 |   |
| Less: Preferred stock of AMERCO held by subsidiaries |   |           | (7,079  | )      |                 |   | (700   | )                                         |   |   | -                                         |   |   |                 | -      |   |   |   | (7,779 | ) |
|                                                 |   | $              | 610,959 |   |                 | $      | 51,763 |                                      |   | $      | (2,469                                    | )      |   | $                    | (9,761 | ) |   | $ | 650,492 |   |

----

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

|                                                 |   | AmortizedCost  |    |   | EstimatedMarketValue |   |
|------------------------------------------------------|--------|----------------|---------|--------|----------------------|--------|
|                                                 |   | (Unaudited)    |    |
|                                                 |   | (In thousands) |    |
| Due in one year or less                              |   | $              | 40,730  |   |                 | $      | 41,381 |   |
| Due after one year through five years                |   |           | 165,750 |   |                 |   | 176,120 |   |
| Due after five years through ten years               |   |           | 118,348 |   |                 |   | 130,038 |   |
| Due after ten years                                  |   |           | 227,448 |   |                 |   | 246,689 |   |
|                                                 |   |           | 552,276 |   |                 |   | 594,228 |   |
|                                                 |   |           |    |   |                 |   |   |   |
| Mortgage backed securities                           |   |           | 7,152   |   |                 |   | 7,170 |   |
| Redeemable preferred stocks                          |   |           | 30,116  |   |                 |   | 30,842 |   |
| Equity securities                                    |   |           | 28,494  |   |                 |   | 26,031 |   |
| Less: Preferred stock of AMERCO held by subsidiaries |   |           | (7,079  | )      |                 |   | (7,779 | ) |
|                                                 |   | $              | 610,959 |   |                 | $      | 650,492 |   |

----

|                                                                                               |   |          |         |   |       |   |        | December 31,   |   |   | March 31, |   |
|----------------------------------------------------------------------------------------------------|--------|---------------|--------------|--------|------------|--------|-------------|----------------|--------|--------|-----------|--------|
|                                                                                               |   | 2011 Rate (a) |         |   | Maturities |   |        | 2010           |   |   | 2010      |   |
|                                                                                               |   |          |         |   |       |   |        | (Unaudited)    |   |   |      |   |
|                                                                                               |   |          |         |   |       |   |        | (In thousands) |   |
| Real estate loan (amortizing term)                                                                 |   |          | 6.93         | %      |       |   | 2018        |           |   | $      | 257,500   |   |   | $ | 265,000 |   |
| Real estate loan (revolving credit)                                                                |   |          | -            |   |       |   | 2018        |           |   |   | -         |   |   |   | 86,000 |   |
| Real estate loan (amortizing term)                                                                 |   |          | 5.00         | %      |       |   | 2011        |           |   |   | 11,288    |   |   |   | 31,865 |   |
| Senior mortgages                                                                                   |   |          | 5.47% - 6.13 | %      |       |   | 2015 - 2016 |           |   |   | 479,918   |   |   |   | 489,186 |   |
| Working capital loan (revolving credit)                                                            |   |          | -            |   |       |   | 2011        |           |   |   | -         |   |   |   | 15,000 |   |
| Fleet loans (amortizing term)                                                                      |   |          | 4.78% - 7.95 | %      |       |   | 2012 - 2017 |           |   |   | 337,491   |   |   |   | 276,222 |   |
| Fleet loans (securitization)                                                                       |   |          | 4.90% - 5.56 | %      |       |   | 2014 - 2017 |           |   |   | 276,293   |   |   |   | 143,170 |   |
| Other obligations                                                                                  |   |          | 3.25% - 9.50 | %      |       |   | 2011 - 2017 |           |   |   | 55,484    |   |   |   | 41,192 |   |
| Total notes, loans and leases payable                                                              |   |          |         |   |       |   |        |           |   | $      | 1,417,974 |   |   | $ | 1,347,635 |   |
|                                                                                               |   |          |         |   |       |   |        |           |   |   |      |   |   |   |   |   |
| (a) Interest rate as of December 31, 2010, including the effect of applicable hedging instruments. |   |          |         |   |       |

----

----

----

|                                     |   | Year Ended December 31, |    |
|------------------------------------------|--------|-------------------------|---------|
|                                     |   | 2011                    |    |   | 2012 |   |   | 2013 |   |   | 2014 |   |   | 2015 |   |   | Thereafter |   |
|                                     |   | (Unaudited)             |    |
|                                     |   | (In thousands)          |    |
| Notes, loans and leases payable, secured |   | $                       | 134,453 |   |   | $ | 259,338 |   |   | $ | 79,194 |   |   | $ | 161,793 |   |   | $ | 474,670 |   |   | $ | 308,526 |   |

|                                        |   | Quarter Ended December 31, |   |
|---------------------------------------------|--------|----------------------------|--------|
|                                        |   | 2010                       |   |   | 2009 |   |
|                                        |   | (Unaudited)                |   |
|                                        |   | (In thousands)             |   |
| Interest expense                            |   | $                          | 15,453 |   |   | $ | 16,135 |   |
| Capitalized interest                        |   |                       | (80    | ) |   |   | (166 | ) |
| Amortization of transaction costs           |   |                       | 1,046  |   |   |   | 1,269 |   |
| Interest expense resulting from derivatives |   |                       | 5,817  |   |   |   | 6,279 |   |
| Total interest expense                      |   | $                          | 22,236 |   |   | $ | 23,517 |   |

|                                        |   | Nine Months Ended December 31, |   |
|---------------------------------------------|--------|--------------------------------|--------|
|                                        |   | 2010                           |   |   | 2009 |   |
|                                        |   | (Unaudited)                    |   |
|                                        |   | (In thousands)                 |   |
| Interest expense                            |   | $                              | 44,464 |   |   | $ | 48,411 |   |
| Capitalized interest                        |   |                           | (349   | ) |   |   | (459 | ) |
| Amortization of transaction costs           |   |                           | 3,200  |   |   |   | 3,678 |   |
| Interest expense resulting from derivatives |   |                           | 18,173 |   |   |   | 19,046 |   |
| Total interest expense                      |   | $                              | 65,488 |   |   | $ | 70,676 |   |

----

|                                              |   | Revolving Credit Activity             |   |
|---------------------------------------------------|--------|---------------------------------------|--------|
|                                              |   | Quarter Ended December 31,            |   |
|                                              |   | 2010                                  |   |   | 2009 |   |
|                                              |   | (Unaudited)                           |   |
|                                              |   | (In thousands, except interest rates) |   |
| Weighted average interest rate during the quarter |   |                                  | 1.69   | % |   |   | 1.75 | % |
| Interest rate at the end of the quarter           |   |                                  | 0.00   | % |   |   | 1.75 | % |
| Maximum amount outstanding during the quarter     |   | $                                     | 15,000 |   |   | $ | 195,000 |   |
| Average amount outstanding during the quarter     |   | $                                     | 14,185 |   |   | $ | 195,000 |   |
| Facility fees                                     |   | $                                     | 57     |   |   | $ | 229 |   |

|                                                        |   | Revolving Credit Activity             |    |
|-------------------------------------------------------------|--------|---------------------------------------|---------|
|                                                        |   | Nine Months Ended December 31,        |    |
|                                                        |   | 2010                                  |    |   | 2009 |   |
|                                                        |   | (Unaudited)                           |    |
|                                                        |   | (In thousands, except interest rates) |    |
| Weighted average interest rate during the first nine months |   |                                  | 1.77    | % |   |   | 1.81 | % |
| Interest rate at the end of the first nine months           |   |                                  | 0.00    | % |   |   | 1.75 | % |
| Maximum amount outstanding during the first nine months     |   | $                                     | 111,000 |   |   | $ | 207,280 |   |
| Average amount outstanding during the first nine months     |   | $                                     | 44,396  |   |   | $ | 195,386 |   |
| Facility fees                                               |   | $                                     | 170     |   |   | $ | 709 |   |

----

| Original variable rate debt amount |   | Agreement Date |     | Effective Date |       | Expiration Date |       | Designated cash flow hedge date |
|------------------------------------|--------|----------------|----------|----------------|------------|-----------------|------------|---------------------------------|
| (Unaudited)                        |
| (In millions)                      |
| $                                  | 142.3  |           | (a), (b) |           | 11/15/2005 |            | 5/10/2006  |                            | 4/10/2012 |   | 5/31/2006 |
|                               | 50.0   |           | (a)      |           | 6/21/2006  |            | 7/10/2006  |                            | 7/10/2013 |   | 6/9/2006 |
|                               | 144.9  |           | (a), (b) |           | 6/9/2006   |            | 10/10/2006 |                            | 10/10/2012 |   | 6/9/2006 |
|                               | 300.0  |           | (a)      |           | 8/16/2006  |            | 8/18/2006  |                            | 8/10/2018 |   | 8/4/2006 |
|                               | 30.0   |           | (a)      |           | 2/9/2007   |            | 2/12/2007  |                            | 2/10/2014 |   | 2/9/2007 |
|                               | 20.0   |           | (a)      |           | 3/8/2007   |            | 3/12/2007  |                            | 3/10/2014 |   | 3/8/2007 |
|                               | 20.0   |           | (a)      |           | 3/8/2007   |            | 3/12/2007  |                            | 3/10/2014 |   | 3/8/2007 |
|                               | 19.3   |           | (a), (b) |           | 4/8/2008   |            | 8/15/2008  |                            | 6/15/2015 |   | 3/31/2008 |
|                               | 19.0   |           | (a)      |           | 8/27/2008  |            | 8/29/2008  |                            | 7/10/2015 |   | 4/10/2008 |
|                               | 30.0   |           | (a)      |           | 9/24/2008  |            | 9/30/2008  |                            | 9/10/2015 |   | 9/24/2008 |
|                               | 15.0   |           | (a), (b) |           | 3/24/2009  |            | 3/30/2009  |                            | 4/15/2016 |   | 3/25/2009 |
|                               | 14.7   |           | (a), (b) |           | 7/6/2010   |            | 8/15/2010  |                            | 7/15/2017 |   | 7/6/2010 |
|                               |   |           |     |           |       |            |       |                            |   |   |   |
| (a) interest rate swap agreement   |   |           |     |           |       |            |
| (b) forward swap                   |   |           |     |           |       |            |       |                            |

|                                                      |   | Liability Derivatives Fair Value as of |   |
|-----------------------------------------------------------|--------|----------------------------------------|--------|
|                                                      |   | December 31, 2010                      |   |   | March 31, 2010 |   |
|                                                      |   | (Unaudited)                            |   |   |   |   |
|                                                      |   | (In thousands)                         |   |
| Interest rate contracts designated as hedging instruments |   | $                                      | 57,421 |   |   | $ | 54,239 |   |

|                                                                                                                             |   | The Effect of Interest Rate               |   |
|----------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|--------|
|                                                                                                                             |   | Contracts on the Statements of Operations |   |
|                                                                                                                             |   | December 31, 2010                         |   |   | December 31, 2009 |   |
|                                                                                                                             |   | (Unaudited)                               |   |
|                                                                                                                             |   | (In thousands)                            |   |
| Loss recognized in income on interest rate contracts                                                                             |   | $                                         | 18,173 |   |   | $ | 19,046 |   |
| (Gain) loss recognized in AOCI on interest rate contracts (effective portion)                                                    |   | $                                         | 3,706  |   |   | $ | (26,816 | ) |
| Loss reclassified from AOCI into income (effective portion)                                                                      |   | $                                         | 18,697 |   |   | $ | 20,320 |   |
| (Gain) loss recognized in income on interest rate contracts (ineffective portion and amount excluded from effectiveness testing) |   | $                                         | (524   | ) |   | $ | (1,274 | ) |

----

|                                     |   | Foreign Currency Translation |    |   | Unrealized Gain on Investments |   |   | Fair Market Value of Cash Flow Hedges |   |   | Postretirement Benefit Obligation Gain |   |   | Accumulated Other Comprehensive Income (Loss) |   |
|------------------------------------------|--------|------------------------------|---------|--------|--------------------------------|--------|--------|---------------------------------------|--------|--------|----------------------------------------|--------|--------|-----------------------------------------------|--------|
|                                     |   | (Unaudited)                  |    |
|                                     |   | (In thousands)               |    |
| Balance at March 31, 2010                |   | $                            | (29,142 | )      |                           | $      | 5,931  |                                  |   | $      | (33,933                                | )      |   | $                                             | 937    |   |   | $ | (56,207 | ) |
| Foreign currency translation             |   |                         | 1,538   |   |                           |   | -      |                                  |   |   | -                                      |   |   |                                          | -      |   |   |   | 1,538 |   |
| Unrealized gain on investments           |   |                         | -       |   |                           |   | 13,902 |                                  |   |   | -                                      |   |   |                                          | -      |   |   |   | 13,902 |   |
| Change in fair value of cash flow hedges |   |                         | -       |   |                           |   | -      |                                  |   |   | (2,297                                 | )      |   |                                          | -      |   |   |   | (2,297 | ) |
| Balance at December 31, 2010             |   | $                            | (27,604 | )      |                           | $      | 19,833 |                                  |   | $      | (36,230                                | )      |   | $                                             | 937    |   |   | $ | (43,064 | ) |

|                    |   | Property,Plant andEquipment |   |   | RentalEquipment |   |    | Total  |   |
|-------------------------|--------|-----------------------------|--------|--------|-----------------|--------|---------|--------|--------|
|                    |   | (Unaudited)                 |   |
|                    |   |                        |   |   | (In thousands)  |   |    |   |   |
| Year-ended December 31: |   |                        |   |   |            |   |    |   |   |
| 2011                    |   | $                           | 14,909 |   |            | $      | 110,773 |   |   | $ | 125,682 |   |
| 2012                    |   |                        | 14,100 |   |            |   | 96,142  |   |   |   | 110,242 |   |
| 2013                    |   |                        | 13,089 |   |            |   | 78,409  |   |   |   | 91,498 |   |
| 2014                    |   |                        | 5,793  |   |            |   | 54,810  |   |   |   | 60,603 |   |
| 2015                    |   |                        | 642    |   |            |   | 30,586  |   |   |   | 31,228 |   |
| Thereafter              |   |                        | 5,498  |   |            |   | 6,196   |   |   |   | 11,694 |   |
| Total                   |   | $                           | 54,031 |   |            | $      | 376,916 |   |   | $ | 430,947 |   |
|                    |   |                        |   |   |            |   |    |   |   |   |   |   |

----

----

|                                             |   | Quarter Ended December 31, |   |
|--------------------------------------------------|--------|----------------------------|--------|
|                                             |   | 2010                       |   |   | 2009 |   |
|                                             |   | (Unaudited)                |   |
|                                             |   | (In thousands)             |   |
| U-Haul interest income revenue from SAC Holdings |   | $                          | 4,832  |   |   | $ | 4,775 |   |
| U-Haul interest income revenue from Private Mini |   |                       | 1,372  |   |   |   | 1,342 |   |
| U-Haul management fee revenue from SAC Holdings  |   |                       | 3,261  |   |   |   | 3,187 |   |
| U-Haul management fee revenue from Private Mini  |   |                       | 544    |   |   |   | 548 |   |
| U-Haul management fee revenue from Mercury       |   |                       | 1,324  |   |   |   | 1,769 |   |
|                                             |   | $                          | 11,333 |   |   | $ | 11,621 |   |

----

|                                             |   | Nine Months Ended December 31, |   |
|--------------------------------------------------|--------|--------------------------------|--------|
|                                             |   | 2010                           |   |   | 2009 |   |
|                                             |   | (Unaudited)                    |   |
|                                             |   | (In thousands)                 |   |
| U-Haul interest income revenue from SAC Holdings |   | $                              | 14,417 |   |   | $ | 14,207 |   |
| U-Haul interest income revenue from Private Mini |   |                           | 4,111  |   |   |   | 3,978 |   |
| U-Haul management fee revenue from SAC Holdings  |   |                           | 10,418 |   |   |   | 10,102 |   |
| U-Haul management fee revenue from Private Mini  |   |                           | 1,627  |   |   |   | 1,659 |   |
| U-Haul management fee revenue from Mercury       |   |                           | 2,199  |   |   |   | 2,671 |   |
|                                             |   | $                              | 32,772 |   |   | $ | 32,617 |   |

----

|                                       |   | Quarter Ended December 31, |   |
|--------------------------------------------|--------|----------------------------|--------|
|                                       |   | 2010                       |   |   | 2009 |   |
|                                       |   | (Unaudited)                |   |
|                                       |   | (In thousands)             |   |
| U-Haul lease expenses to SAC Holdings      |   | $                          | 623    |   |   | $ | 615 |   |
| U-Haul commission expenses to SAC Holdings |   |                       | 7,676  |   |   |   | 7,417 |   |
| U-Haul commission expenses to Private Mini |   |                       | 523    |   |   |   | 615 |   |
|                                       |   | $                          | 8,822  |   |   | $ | 8,647 |   |

|                                       |   | Nine Months Ended December 31, |   |
|--------------------------------------------|--------|--------------------------------|--------|
|                                       |   | 2010                           |   |   | 2009 |   |
|                                       |   | (Unaudited)                    |   |
|                                       |   | (In thousands)                 |   |
| U-Haul lease expenses to SAC Holdings      |   | $                              | 1,868  |   |   | $ | 1,844 |   |
| U-Haul commission expenses to SAC Holdings |   |                           | 27,720 |   |   |   | 25,850 |   |
| U-Haul commission expenses to Private Mini |   |                           | 1,862  |   |   |   | 1,655 |   |
|                                       |   | $                              | 31,450 |   |   | $ | 29,349 |   |

----

|                                                     |   | December 31,   |    |   | March 31, |   |
|----------------------------------------------------------|--------|----------------|---------|--------|-----------|--------|
|                                                     |   | 2010           |    |   | 2010      |   |
|                                                     |   | (Unaudited)    |    |   |      |   |
|                                                     |   | (In thousands) |    |
| U-Haul notes, receivables and interest from Private Mini |   | $              | 72,146  |   |      | $      | 69,867 |   |
| U-Haul notes receivable from SAC Holdings                |   |           | 196,392 |   |      |   | 196,903 |   |
| U-Haul interest receivable from SAC Holdings             |   |           | 15,958  |   |      |   | 13,775 |   |
| U-Haul receivable from SAC Holdings                      |   |           | 13,044  |   |      |   | 15,780 |   |
| U-Haul receivable from Mercury                           |   |           | 3,213   |   |      |   | 6,138 |   |
| Other (a)                                                |   |           | (3,367  | )      |      |   | (337 | ) |
|                                                     |   | $              | 297,386 |   |      | $      | 302,126 |   |

----

| ·   | Moving and Storage, comprised of AMERCO, U-Haul, and Real Estate and the subsidiaries of U-Haul and Real Estate, |
|--------------------|------------------------------------------------------------------------------------------------------------------|

| ·   | Property and Casualty Insurance, comprised of Repwest and its subsidiaries and ARCOA, and |
|--------------------|-------------------------------------------------------------------------------------------|

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

----

|                                                  |   | Moving & Storage |      |   |   |  AMERCO Legal Group |       |
|-------------------------------------------------------|--------|----------------------|-----------|--------|--------|--------------------------|------------|
|                                                  |   | AMERCO               |      |   | U-Haul |                     |       | Real Estate |   |   | Eliminations |   |   |   | Moving & StorageConsolidated |   |   | Property & Casualty Insurance (a) |   |   | LifeInsurance (a) |   |   | Eliminations |   |   |   | AMERCOConsolidated |   |
|                                                  |   | (Unaudited)          |      |
|                                                  |   | (In thousands)       |      |
| Assets:                                               |   |                 |      |
| Cash and cash equivalents                             |   | $                    | 240,391   |   |   | $                        | 131,055    |   |   | $ | 756 |   |   | $ | - |   |   |   | $ | 372,202 |   |   | $ | 21,454 |   |   | $ | 11,662 |   |   | $ | - |   |   |   | $ | 405,318 |   |
| Reinsurance recoverables and trade receivables, net   |   |                 | -         |   |   |                     | 21,364     |   |   |   | - |   |   |   | - |   |   |   |   | 21,364 |   |   |   | 159,639 |   |   |   | 51,812 |   |   |   | - |   |   |   |   | 232,815 |   |
| Notes and mortgage receivables, net                   |   |                 | -         |   |   |                     | 314        |   |   |   | 3,481 |   |   |   | - |   |   |   |   | 3,795 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 3,795 |   |
| Inventories, net                                      |   |                 | -         |   |   |                     | 60,375     |   |   |   | - |   |   |   | - |   |   |   |   | 60,375 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 60,375 |   |
| Prepaid expenses                                      |   |                 | -         |   |   |                     | 42,963     |   |   |   | 633 |   |   |   | - |   |   |   |   | 43,596 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 43,596 |   |
| Investments, fixed maturities and marketable equities |   |                 | 23,302    |   |   |                     | -          |   |   |   | - |   |   |   | - |   |   |   |   | 23,302 |   |   |   | 125,423 |   |   |   | 509,546 |   |   |   | (7,779 | ) | (d) |   |   | 650,492 |   |
| Investments, other                                    |   |                 | -         |   |   |                     | 4,986      |   |   |   | 12,908 |   |   |   | - |   |   |   |   | 17,894 |   |   |   | 90,748 |   |   |   | 90,271 |   |   |   | - |   |   |   |   | 198,913 |   |
| Deferred policy acquisition costs, net                |   |                 | -         |   |   |                     | -          |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 48,249 |   |   |   | - |   |   |   |   | 48,249 |   |
| Other assets                                          |   |                 | 408       |   |   |                     | 165,627    |   |   |   | 26,281 |   |   |   | - |   |   |   |   | 192,316 |   |   |   | 420 |   |   |   | 264 |   |   |   | - |   |   |   |   | 193,000 |   |
| Related party assets                                  |   |                 | 1,147,921 |   |   |                     | 245,797    |   |   |   | 65 |   |   |   | (1,091,082 | ) | (c) |   |   | 302,701 |   |   |   | 2,786 |   |   |   | - |   |   |   | (8,101 | ) | (c) |   |   | 297,386 |   |
|                                                  |   |                 | 1,412,022 |   |   |                     | 672,481    |   |   |   | 44,124 |   |   |   | (1,091,082 | ) |   |   |   | 1,037,545 |   |   |   | 400,470 |   |   |   | 711,804 |   |   |   | (15,880 | ) |   |   |   | 2,133,939 |   |
|                                                  |   |                 |      |   |   |                     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment in subsidiaries                            |   |                 | (135,654  | )      |   |                     | -          |   |   |   | - |   |   |   | 483,506 |   | (b) |   |   | 347,852 |   |   |   | - |   |   |   | - |   |   |   | (347,852 | ) | (b) |   |   | - |   |
|                                                  |   |                 |      |   |   |                     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Property, plant and equipment, at cost:               |   |                 |      |   |   |                     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Land                                                  |   |                 | -         |   |   |                     | 46,082     |   |   |   | 188,951 |   |   |   | - |   |   |   |   | 235,033 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 235,033 |   |
| Buildings and improvements                            |   |                 | 1         |   |   |                     | 158,886    |   |   |   | 854,486 |   |   |   | - |   |   |   |   | 1,013,373 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 1,013,373 |   |
| Furniture and equipment                               |   |                 | 241       |   |   |                     | 299,775    |   |   |   | 18,187 |   |   |   | - |   |   |   |   | 318,203 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 318,203 |   |
| Rental trailers and other rental equipment            |   |                 | -         |   |   |                     | 247,549    |   |   |   | - |   |   |   | - |   |   |   |   | 247,549 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 247,549 |   |
| Rental trucks                                         |   |                 | -         |   |   |                     | 1,550,106  |   |   |   | - |   |   |   | - |   |   |   |   | 1,550,106 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 1,550,106 |   |
|                                                  |   |                 | 242       |   |   |                     | 2,302,398  |   |   |   | 1,061,624 |   |   |   | - |   |   |   |   | 3,364,264 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 3,364,264 |   |
| Less:  Accumulated depreciation             |   |                 | (211      | )      |   |                     | (1,000,747 | ) |   |   | (341,715 | ) |   |   | - |   |   |   |   | (1,342,673 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (1,342,673 | ) |
| Total property, plant and equipment                   |   |                 | 31        |   |   |                     | 1,301,651  |   |   |   | 719,909 |   |   |   | - |   |   |   |   | 2,021,591 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 2,021,591 |   |
| Total assets                                          |   | $                    | 1,276,399 |   |   | $                        | 1,974,132  |   |   | $ | 764,033 |   |   | $ | (607,576 | ) |   |   | $ | 3,406,988 |   |   | $ | 400,470 |   |   | $ | 711,804 |   |   | $ | (363,732 | ) |   |   | $ | 4,155,530 |   |
|                                                  |   |                 |      |   |   |                     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (a) Balances as of September 30, 2010                 |   |                 |      |   |   |                     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (b) Eliminate investment in subsidiaries              |   |                 |      |   |   |                     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (c) Eliminate intercompany receivables and payables   |   |                 |      |   |   |                     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (d) Eliminate intercompany preferred stock investment |   |                 |      |   |   |                     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                         |   | Moving & Storage |      |   |   |  AMERCO Legal Group |      |
|--------------------------------------------------------------|--------|----------------------|-----------|--------|--------|--------------------------|-----------|
|                                                         |   | AMERCO               |      |   | U-Haul |                     |      | Real Estate |   |   | Eliminations |   |   |   | Moving & StorageConsolidated |   |   | Property & Casualty Insurance (a) |   |   | LifeInsurance (a) |   |   | Eliminations |   |   |   |   |   | AMERCOConsolidated |   |
|                                                         |   | (Unaudited)          |      |
|                                                         |   | (In thousands)       |      |
| Liabilities:                                                 |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Accounts payable and accrued expenses                        |   | $                    | 5,365     |   |   | $                        | 286,473   |   |   | $ | 4,329 |   |   | $ | - |   |   |   | $ | 296,167 |   |   | $ | - |   |   | $ | 15,137 |   |   | $ | - |   |   |   |   |   | $ | 311,304 |   |
| Notes, loans and leases payable                              |   |                 | -         |   |   |                     | 708,294   |   |   |   | 709,680 |   |   |   | - |   |   |   |   | 1,417,974 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | 1,417,974 |   |
| Policy benefits and losses, claims and loss expenses payable |   |                 | -         |   |   |                     | 396,556   |   |   |   | - |   |   |   | - |   |   |   |   | 396,556 |   |   |   | 263,250 |   |   |   | 242,204 |   |   |   | - |   |   |   |   |   |   | 902,010 |   |
| Liabilities from investment contracts                        |   |                 | -         |   |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 251,563 |   |   |   | - |   |   |   |   |   |   | 251,563 |   |
| Other policyholders' funds and liabilities                   |   |                 | -         |   |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 6,552 |   |   |   | 2,408 |   |   |   | - |   |   |   |   |   |   | 8,960 |   |
| Deferred income                                              |   |                 | -         |   |   |                     | 26,129    |   |   |   | - |   |   |   | - |   |   |   |   | 26,129 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | 26,129 |   |
| Deferred income taxes                                        |   |                 | 274,622   |   |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | 274,622 |   |   |   | (29,520 | ) |   |   | 7,528 |   |   |   | (245 | ) |   | (d) |   |   |   | 252,385 |   |
| Related party liabilities                                    |   |                 | -         |   |   |                     | 888,735   |   |   |   | 205,148 |   |   |   | (1,091,082 | ) | (c) |   |   | 2,801 |   |   |   | 1,795 |   |   |   | 202 |   |   |   | (4,798 | ) |   | (c) |   |   |   | - |   |
| Total liabilities                                            |   |                 | 279,987   |   |   |                     | 2,306,187 |   |   |   | 919,157 |   |   |   | (1,091,082 | ) |   |   |   | 2,414,249 |   |   |   | 242,077 |   |   |   | 519,042 |   |   |   | (5,043 | ) |   |   |   |   |   | 3,170,325 |   |
|                                                         |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 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                                   |   |                 | 424,555   |   |   |                     | 121,230   |   |   |   | 147,941 |   |   |   | (269,171 | ) | (b) |   |   | 424,555 |   |   |   | 89,620 |   |   |   | 26,271 |   |   |   | (123,187 | ) |   | (b,d | ) |   |   | 417,259 |   |
| Accumulated other comprehensive income (loss)                |   |                 | (42,609   | )      |   |                     | (62,897   | ) |   |   | - |   |   |   | 62,897 |   | (b) |   |   | (42,609 | ) |   |   | 3,527 |   |   |   | 17,623 |   |   |   | (21,605 | ) |   | (b,d | ) |   |   | (43,064 | ) |
| Retained earnings (deficit)                                  |   |                 | 1,129,622 |   |   |                     | (387,255  | ) |   |   | (303,066 | ) |   |   | 690,321 |   | (b) |   |   | 1,129,622 |   |   |   | 61,945 |   |   |   | 146,368 |   |   |   | (208,096 | ) |   | (b,d | ) |   |   | 1,129,839 |   |
| Cost of common shares in treasury, net                       |   |                 | (525,653  | )      |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | (525,653 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   |   | (525,653 | ) |
| Unearned employee stock ownership plan shares                |   |                 | -         |   |   |                     | (3,673    | ) |   |   | - |   |   |   | - |   |   |   |   | (3,673 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   |   | (3,673 | ) |
| Total stockholders' equity (deficit)                         |   |                 | 996,412   |   |   |                     | (332,055  | ) |   |   | (155,124 | ) |   |   | 483,506 |   |   |   |   | 992,739 |   |   |   | 158,393 |   |   |   | 192,762 |   |   |   | (358,689 | ) |   |   |   |   |   |   | 985,205 |   |
| Total liabilities and stockholders' equity                   |   | $                    | 1,276,399 |   |   | $                        | 1,974,132 |   |   | $ | 764,033 |   |   | $ | (607,576 | ) |   |   | $ | 3,406,988 |   |   | $ | 400,470 |   |   | $ | 711,804 |   |   | $ | (363,732 | ) |   |   |   |   |   | $ | 4,155,530 |   |
|                                                         |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                         |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (a) Balances as of September 30, 2010                        |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (b) Eliminate investment in subsidiaries                     |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (c) Eliminate intercompany receivables and payables          |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (d) Eliminate intercompany preferred stock investment        |   |                 |      |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

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

----

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

----

|                                                               |   | Moving & Storage |   |   |   |  AMERCO Legal Group |    |
|--------------------------------------------------------------------|--------|----------------------|--------|--------|--------|--------------------------|---------|
|                                                               |   | AMERCO               |   |   | U-Haul |                     |    | Real Estate |   |   | Eliminations |   |   |   | Moving & StorageConsolidated |   |   | Property & Casualty Insurance (a) |   |   | LifeInsurance (a) |   |   | Eliminations |   |   |   |   | AMERCOConsolidated |   |
|                                                               |   | (Unaudited)          |   |
|                                                               |   | (In thousands)       |   |
| Revenues:                                                          |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Self-moving equipment rentals                                      |   | $                    | -      |   |   | $                        | 343,506 |   |   | $ | - |   |   | $ | - |   |   |   | $ | 343,506 |   |   | $ | - |   |   | $ | - |   |   | $ | (553 | ) |   | (c) |   | $ | 342,953 |   |
| Self-storage revenues                                              |   |                 | -      |   |   |                     | 30,270  |   |   |   | 368 |   |   |   | - |   |   |   |   | 30,638 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 30,638 |   |
| Self-moving and self-storage products and service sales            |   |                 | -      |   |   |                     | 41,533  |   |   |   | - |   |   |   | - |   |   |   |   | 41,533 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 41,533 |   |
| Property management fees                                           |   |                 | -      |   |   |                     | 5,129   |   |   |   | - |   |   |   | - |   |   |   |   | 5,129 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   | 5,129 |   |
| Life insurance premiums                                            |   |                 | -      |   |   |                     | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 74,306 |   |   |   | - |   |   |   |   |   | 74,306 |   |
| Property and casualty insurance premiums                           |   |                 | -      |   |   |                     | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 8,998 |   |   |   | - |   |   |   | - |   |   |   |   |   | 8,998 |   |
| Net investment and interest income                                 |   |                 | 1,360  |   |   |                     | 5,222   |   |   |   | - |   |   |   | - |   |   |   |   | 6,582 |   |   |   | 2,119 |   |   |   | 4,971 |   |   |   | (459 | ) |   | (b,e) |   |   | 13,213 |   |
| Other revenue                                                      |   |                 | -      |   |   |                     | 14,389  |   |   |   | 19,586 |   |   |   | (21,017 | ) | (b) |   |   | 12,958 |   |   |   | - |   |   |   | 581 |   |   |   | (327 | ) |   | (b) |   |   | 13,212 |   |
| Total revenues                                                     |   |                 | 1,360  |   |   |                     | 440,049 |   |   |   | 19,954 |   |   |   | (21,017 | ) |   |   |   | 440,346 |   |   |   | 11,117 |   |   |   | 79,858 |   |   |   | (1,339 | ) |   |   |   |   | 529,982 |   |
|                                                               |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs and expenses:                                                |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating expenses                                                 |   |                 | 1,711  |   |   |                     | 259,383 |   |   |   | 2,259 |   |   |   | (21,017 | ) | (b) |   |   | 242,336 |   |   |   | 3,986 |   |   |   | 7,536 |   |   |   | (872 | ) |   | (b,c) |   |   | 252,986 |   |
| Commission expenses                                                |   |                 | -      |   |   |                     | 42,367  |   |   |   | - |   |   |   | - |   |   |   |   | 42,367 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | 42,367 |   |
| Cost of sales                                                      |   |                 | -      |   |   |                     | 22,586  |   |   |   | - |   |   |   | - |   |   |   |   | 22,586 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | 22,586 |   |
| Benefits and losses                                                |   |                 | -      |   |   |                     | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 5,255 |   |   |   | 65,057 |   |   |   | - |   |   |   |   |   |   | 70,312 |   |
| Amortization of deferred policy acquisition costs                  |   |                 | -      |   |   |                     | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 2,480 |   |   |   | - |   |   |   |   |   |   | 2,480 |   |
| Lease expense                                                      |   |                 | 22     |   |   |                     | 37,436  |   |   |   | 6 |   |   |   | - |   |   |   |   | 37,464 |   |   |   | - |   |   |   | - |   |   |   | (305 | ) |   | (b) |   |   | 37,159 |   |
| Depreciation, net of (gains) losses on disposals                   |   |                 | 3      |   |   |                     | 47,166  |   |   |   | 3,646 |   |   |   | - |   |   |   |   | 50,815 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | 50,815 |   |
| Total costs and expenses                                           |   |                 | 1,736  |   |   |                     | 408,938 |   |   |   | 5,911 |   |   |   | (21,017 | ) |   |   |   | 395,568 |   |   |   | 9,241 |   |   |   | 75,073 |   |   |   | (1,177 | ) |   |   |   |   |   | 478,705 |   |
|                                                               |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity in earnings of subsidiaries                                 |   |                 | 5,645  |   |   |                     | -       |   |   |   | - |   |   |   | (1,268 | ) | (d) |   |   | 4,377 |   |   |   | - |   |   |   | - |   |   |   | (4,377 | ) |   | (d) |   |   | - |   |
|                                                               |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings from operations                                           |   |                 | 5,269  |   |   |                     | 31,111  |   |   |   | 14,043 |   |   |   | (1,268 | ) |   |   |   | 49,155 |   |   |   | 1,876 |   |   |   | 4,785 |   |   |   | (4,539 | ) |   |   |   |   |   | 51,277 |   |
| Interest income (expense)                                          |   |                 | 21,544 |   |   |                     | (32,056 | ) |   |   | (11,724 | ) |   |   | - |   |   |   |   | (22,236 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | (22,236 | ) |
| Pretax earnings (loss)                                             |   |                 | 26,813 |   |   |                     | (945    | ) |   |   | 2,319 |   |   |   | (1,268 | ) |   |   |   | 26,919 |   |   |   | 1,876 |   |   |   | 4,785 |   |   |   | (4,539 | ) |   |   |   |   |   | 29,041 |   |
| Income tax benefit (expense)                                       |   |                 | (8,043 | )      |   |                     | 981     |   |   |   | (1,087 | ) |   |   | - |   |   |   |   | (8,149 | ) |   |   | (658 | ) |   |   | (1,626 | ) |   |   | - |   |   |   |   |   |   | (10,433 | ) |
| Net earnings                                                       |   |                 | 18,770 |   |   |                     | 36      |   |   |   | 1,232 |   |   |   | (1,268 | ) |   |   |   | 18,770 |   |   |   | 1,218 |   |   |   | 3,159 |   |   |   | (4,539 | ) |   |   |   |   |   | 18,608 |   |
| Loss of carrying amount of preferred stock over consideration paid |   |                 | -      |   |   |                     | -       |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | - |   |
| Less:  Preferred stock dividends                         |   |                 | (3,241 | )      |   |                     | -       |   |   |   | - |   |   |   | - |   |   |   |   | (3,241 | ) |   |   | - |   |   |   | - |   |   |   | 162 |   |   | (e) |   |   | (3,079 | ) |
| Earnings available to common shareholders                          |   | $                    | 15,529 |   |   | $                        | 36      |   |   | $ | 1,232 |   |   | $ | (1,268 | ) |   |   | $ | 15,529 |   |   | $ | 1,218 |   |   | $ | 3,159 |   |   | $ | (4,377 | ) |   |   |   |   | $ | 15,529 |   |
| (a) Balances for the quarter ended September 30, 2010              |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (b) Eliminate intercompany lease income                            |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (c) Eliminate intercompany premiums                                |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (d) Eliminate equity in earnings of subsidiaries                   |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (e) Eliminate preferred stock dividends paid to affiliates         |   |                 |   |   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                              |   | 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) Eliminate preferred stock dividends 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                                      |   | $                    | -       |   |   | $                        | 1,231,183 |   |   | $ | - |   |   | $ | - |   |   |   | $ | 1,231,183 |   |   | $ | - |   |   | $ | - |   |   | $ | (1,639 | ) |   | (c) |   |   | $ | 1,229,544 |   |
| Self-storage revenues                                              |   |                 | -       |   |   |                     | 88,467    |   |   |   | 1,045 |   |   |   | - |   |   |   |   | 89,512 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | 89,512 |   |
| Self-moving and self-storage products and service sales            |   |                 | -       |   |   |                     | 161,644   |   |   |   | - |   |   |   | - |   |   |   |   | 161,644 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | 161,644 |   |
| Property management fees                                           |   |                 | -       |   |   |                     | 14,245    |   |   |   | - |   |   |   | - |   |   |   |   | 14,245 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | 14,245 |   |
| Life insurance premiums                                            |   |                 | -       |   |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 152,131 |   |   |   | - |   |   |   |   |   |   | 152,131 |   |
| Property and casualty insurance premiums                           |   |                 | -       |   |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 23,477 |   |   |   | - |   |   |   | - |   |   |   |   |   |   | 23,477 |   |
| Net investment and interest income                                 |   |                 | 3,854   |   |   |                     | 15,443    |   |   |   | - |   |   |   | - |   |   |   |   | 19,297 |   |   |   | 6,130 |   |   |   | 15,292 |   |   |   | (1,277 | ) |   | (b,e) |   |   |   | 39,442 |   |
| Other revenue                                                      |   |                 | 20      |   |   |                     | 46,402    |   |   |   | 58,244 |   |   |   | (62,411 | ) | (b) |   |   | 42,255 |   |   |   | - |   |   |   | 1,676 |   |   |   | (1,021 | ) |   | (b) |   |   |   | 42,910 |   |
| Total revenues                                                     |   |                 | 3,874   |   |   |                     | 1,557,384 |   |   |   | 59,289 |   |   |   | (62,411 | ) |   |   |   | 1,558,136 |   |   |   | 29,607 |   |   |   | 169,099 |   |   |   | (3,937 | ) |   |   |   |   |   | 1,752,905 |   |
|                                                               |   |                 |    |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs and expenses:                                                |   |                 |    |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating expenses                                                 |   |                 | 5,606   |   |   |                     | 796,765   |   |   |   | 6,850 |   |   |   | (62,411 | ) | (b) |   |   | 746,810 |   |   |   | 10,958 |   |   |   | 21,246 |   |   |   | (2,635 | ) |   | (b,c) |   |   |   | 776,379 |   |
| Commission expenses                                                |   |                 | -       |   |   |                     | 152,149   |   |   |   | - |   |   |   | - |   |   |   |   | 152,149 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | 152,149 |   |
| Cost of sales                                                      |   |                 | -       |   |   |                     | 83,854    |   |   |   | - |   |   |   | - |   |   |   |   | 83,854 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | 83,854 |   |
| Benefits and losses                                                |   |                 | -       |   |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | 13,369 |   |   |   | 129,748 |   |   |   | - |   |   |   |   |   |   | 143,117 |   |
| Amortization of deferred policy acquisition costs                  |   |                 | -       |   |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | 6,549 |   |   |   | - |   |   |   |   |   |   | 6,549 |   |
| Lease expense                                                      |   |                 | 69      |   |   |                     | 114,623   |   |   |   | 12 |   |   |   | - |   |   |   |   | 114,704 |   |   |   | - |   |   |   | - |   |   |   | (915 | ) |   | (b) |   |   |   | 113,789 |   |
| Depreciation, net of (gains) losses on disposals                   |   |                 | 7       |   |   |                     | 130,744   |   |   |   | 8,810 |   |   |   | - |   |   |   |   | 139,561 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | 139,561 |   |
| Total costs and expenses                                           |   |                 | 5,682   |   |   |                     | 1,278,135 |   |   |   | 15,672 |   |   |   | (62,411 | ) |   |   |   | 1,237,078 |   |   |   | 24,327 |   |   |   | 157,543 |   |   |   | (3,550 | ) |   |   |   |   |   | 1,415,398 |   |
|                                                               |   |                 |    |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity in earnings of subsidiaries                                 |   |                 | 132,707 |   |   |                     | -         |   |   |   | - |   |   |   | (121,731 | ) | (d) |   |   | 10,976 |   |   |   | - |   |   |   | - |   |   |   | (10,976 | ) |   | (d) |   |   |   | - |   |
|                                                               |   |                 |    |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings from operations                                           |   |                 | 130,899 |   |   |                     | 279,249   |   |   |   | 43,617 |   |   |   | (121,731 | ) |   |   |   | 332,034 |   |   |   | 5,280 |   |   |   | 11,556 |   |   |   | (11,363 | ) |   |   |   |   |   | 337,507 |   |
| Interest income (expense)                                          |   |                 | 63,112  |   |   |                     | (96,008   | ) |   |   | (32,592 | ) |   |   | - |   |   |   |   | (65,488 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   | (65,488 | ) |
| Pretax earnings                                                    |   |                 | 194,011 |   |   |                     | 183,241   |   |   |   | 11,025 |   |   |   | (121,731 | ) |   |   |   | 266,546 |   |   |   | 5,280 |   |   |   | 11,556 |   |   |   | (11,363 | ) |   |   |   |   |   | 272,019 |   |
| Income tax expense                                                 |   |                 | (23,295 | )      |   |                     | (67,717   | ) |   |   | (4,818 | ) |   |   | - |   |   |   |   | (95,830 | ) |   |   | (1,849 | ) |   |   | (4,011 | ) |   |   | - |   |   |   |   |   |   | (101,690 | ) |
| Net earnings                                                       |   |                 | 170,716 |   |   |                     | 115,524   |   |   |   | 6,207 |   |   |   | (121,731 | ) |   |   |   | 170,716 |   |   |   | 3,431 |   |   |   | 7,545 |   |   |   | (11,363 | ) |   |   |   |   |   | 170,329 |   |
| Loss of carrying amount of preferred stock over consideration paid |   |                 | -       |   |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (171 | ) |   |   |   |   |   | (171 | ) |
| Less:  Preferred stock dividends                         |   |                 | (9,723  | )      |   |                     | -         |   |   |   | - |   |   |   | - |   |   |   |   | (9,723 | ) |   |   | - |   |   |   | - |   |   |   | 387 |   |   | (e) |   |   |   | (9,336 | ) |
| Earnings available to common shareholders                          |   | $                    | 160,993 |   |   | $                        | 115,524   |   |   | $ | 6,207 |   |   | $ | (121,731 | ) |   |   | $ | 160,993 |   |   | $ | 3,431 |   |   | $ | 7,545 |   |   | $ | (11,147 | ) |   |   |   |   | $ | 160,822 |   |
| (a) Balances for the nine months ended September 30, 2010          |   |                 |    |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (b) Eliminate intercompany lease income                            |   |                 |    |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (c) Eliminate intercompany premiums                                |   |                 |    |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (d) Eliminate equity in earnings of subsidiaries                   |   |                 |    |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (e) Eliminate preferred stock dividends paid to affiliates         |   |                 |    |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                              |   | 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) Eliminate preferred stock dividends paid to affiliate         |   |                 |    |   |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                      |   | Moving & Storage |     |   |  AMERCO Legal Group |   |
|---------------------------------------------------------------------------|--------|----------------------|----------|--------|--------------------------|--------|
|                                                                      |   | AMERCO               |     |   | U-Haul                   |   |   | Real Estate |   |   | Elimination |   |   | Moving & StorageConsolidated |   |   | Property &CasualtyInsurance (a) |   |   | LifeInsurance (a) |   |   | Elimination |   |   | AMERCOConsolidated |   |
|                                                                      |   | (Unaudited)          |     |
| Cash flows from operating activities:                                     |   | (In thousands)       |     |
| Net earnings                                                              |   | $                    | 170,716  |   |                     | $      | 115,524 |   |   | $ | 6,207 |   |   | $ | (121,731 | ) |   | $ | 170,716 |   |   | $ | 3,431 |   |   | $ | 7,545 |   |   | $ | (11,363 | ) |   | $ | 170,329 |   |
| Earnings from consolidated entities                                       |   |                 | (132,707 | )      |                     |   | - |   |   |   | - |   |   |   | 121,731 |   |   |   | (10,976 | ) |   |   | - |   |   |   | - |   |   |   | 10,976 |   |   |   | - |   |
| Adjustments to reconcile net earnings to the cash provided by operations: |   |                 |     |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation                                                              |   |                 | 7        |   |                     |   | 148,525 |   |   |   | 9,993 |   |   |   | - |   |   |   | 158,525 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 158,525 |   |
| Amortization of deferred policy acquisition costs                         |   |                 | -        |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 6,549 |   |   |   | - |   |   |   | 6,549 |   |
| Change in allowance for losses on trade receivables                       |   |                 | -        |   |                     |   | 25 |   |   |   | - |   |   |   | - |   |   |   | 25 |   |   |   | - |   |   |   | 1 |   |   |   | - |   |   |   | 26 |   |
| Change in allowance for losses on mortgage notes                          |   |                 | -        |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Change in allowance for inventory reserve                                 |   |                 | -        |   |                     |   | 1,271 |   |   |   | - |   |   |   | - |   |   |   | 1,271 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1,271 |   |
| Net gain on sale of real and personal property                            |   |                 | -        |   |                     |   | (17,781 | ) |   |   | (1,183 | ) |   |   | - |   |   |   | (18,964 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (18,964 | ) |
| Net (gain) loss on sale of investments                                    |   |                 | (65      | )      |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | (65 | ) |   |   | 3 |   |   |   | (1,484 | ) |   |   | - |   |   |   | (1,546 | ) |
| Deferred income taxes                                                     |   |                 | 56,093   |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | 56,093 |   |   |   | 1,532 |   |   |   | 2,003 |   |   |   | - |   |   |   | 59,628 |   |
| Net change in other operating assets and liabilities:                     |   |                 |     |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Reinsurance recoverables and trade receivables                            |   |                 | -        |   |                     |   | (3,592 | ) |   |   | - |   |   |   | - |   |   |   | (3,592 | ) |   |   | 8,491 |   |   |   | (39,446 | ) |   |   | - |   |   |   | (34,547 | ) |
| Inventories                                                               |   |                 | -        |   |                     |   | (8,809 | ) |   |   | - |   |   |   | - |   |   |   | (8,809 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (8,809 | ) |
| Prepaid expenses                                                          |   |                 | -        |   |                     |   | 10,343 |   |   |   | (559 | ) |   |   | - |   |   |   | 9,784 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 9,784 |   |
| Capitalization of deferred policy acquisition costs                       |   |                 | -        |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (20,584 | ) |   |   | - |   |   |   | (20,584 | ) |
| Other assets                                                              |   |                 | 37,392   |   |                     |   | 3,303 |   |   |   | 1,126 |   |   |   | - |   |   |   | 41,821 |   |   |   | 490 |   |   |   | 253 |   |   |   | - |   |   |   | 42,564 |   |
| Related party assets                                                      |   |                 | 271      |   |                     |   | 1,263 |   |   |   | (57 | ) |   |   | - |   |   |   | 1,477 |   |   |   | (341 | ) |   |   | - |   |   |   | - |   |   |   | 1,136 |   |
| Accounts payable and accrued expenses                                     |   |                 | (4,960   | )      |                     |   | 7,110 |   |   |   | 119 |   |   |   | - |   |   |   | 2,269 |   |   |   | - |   |   |   | 12,364 |   |   |   | - |   |   |   | 14,633 |   |
| Policy benefits and losses, claims and loss expenses payable              |   |                 | -        |   |                     |   | 10,713 |   |   |   | - |   |   |   | - |   |   |   | 10,713 |   |   |   | (9,188 | ) |   |   | 83,254 |   |   |   | - |   |   |   | 84,779 |   |
| Other policyholders' funds and liabilities                                |   |                 | -        |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 943 |   |   |   | (139 | ) |   |   | - |   |   |   | 804 |   |
| Deferred income                                                           |   |                 | -        |   |                     |   | 903 |   |   |   | - |   |   |   | - |   |   |   | 903 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 903 |   |
| Related party liabilities                                                 |   |                 | -        |   |                     |   | 68 |   |   |   | - |   |   |   | - |   |   |   | 68 |   |   |   | 130 |   |   |   | 75 |   |   |   | - |   |   |   | 273 |   |
| Net cash provided (used) by operating activities                          |   |                 | 126,747  |   |                     |   | 268,866 |   |   |   | 15,646 |   |   |   | - |   |   |   | 411,259 |   |   |   | 5,491 |   |   |   | 50,391 |   |   |   | (387 | ) |   |   | 466,754 |   |
|                                                                      |   |                 |     |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash flows from investing activities:                                     |   |                 |     |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Purchases of:                                                             |   |                 |     |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Property, plant and equipment                                             |   |                 | (6       | )      |                     |   | (287,877 | ) |   |   | (49,627 | ) |   |   | - |   |   |   | (337,510 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (337,510 | ) |
| Short term investments                                                    |   |                 | -        |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (60,650 | ) |   |   | (111,801 | ) |   |   | - |   |   |   | (172,451 | ) |
| Fixed maturities investments                                              |   |                 | -        |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (26,515 | ) |   |   | (128,727 | ) |   |   | - |   |   |   | (155,242 | ) |
| Equity securities                                                         |   |                 | (7,950   | )      |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | (7,950 | ) |   |   | (3,297 | ) |   |   | - |   |   |   | - |   |   |   | (11,247 | ) |
| Preferred stock                                                           |   |                 | -        |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (8,794 | ) |   |   | (2,597 | ) |   |   | - |   |   |   | (11,391 | ) |
| Real estate                                                               |   |                 | -        |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (63 | ) |   |   | (82 | ) |   |   | - |   |   |   | (145 | ) |
| Mortgage loans                                                            |   |                 | -        |   |                     |   | (3,911 | ) |   |   | (5,394 | ) |   |   | - |   |   |   | (9,305 | ) |   |   | (13,188 | ) |   |   | (4,788 | ) |   |   | 3,890 |   |   |   | (23,391 | ) |
| Proceeds from sales of:                                                   |   |                 |     |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Property, plant and equipment                                             |   |                 | -        |   |                     |   | 147,985 |   |   |   | 1,366 |   |   |   | - |   |   |   | 149,351 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 149,351 |   |
| Short term investments                                                    |   |                 | -        |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 83,326 |   |   |   | 129,846 |   |   |   | - |   |   |   | 213,172 |   |
| Fixed maturities investments                                              |   |                 | -        |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 16,720 |   |   |   | 80,295 |   |   |   | - |   |   |   | 97,015 |   |
| Equity securities                                                         |   |                 | 1,065    |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | 1,065 |   |   |   | 133 |   |   |   | - |   |   |   | - |   |   |   | 1,198 |   |
| Real estate                                                               |   |                 | -        |   |                     |   | - |   |   |   | 82 |   |   |   | - |   |   |   | 82 |   |   |   | 108 |   |   |   | - |   |   |   | - |   |   |   | 190 |   |
| Mortgage loans                                                            |   |                 | -        |   |                     |   | 1,551 |   |   |   | 2,995 |   |   |   | - |   |   |   | 4,546 |   |   |   | 6,057 |   |   |   | 2,084 |   |   |   | (3,890 | ) |   |   | 8,797 |   |
| Payments from notes and mortgage receivables                              |   |                 | -        |   |                     |   | 65 |   |   |   | - |   |   |   | - |   |   |   | 65 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 65 |   |
| Net cash provided (used) by investing activities                          |   |                 | (6,891   | )      |                     |   | (142,187 | ) |   |   | (50,578 | ) |   |   | - |   |   |   | (199,656 | ) |   |   | (6,163 | ) |   |   | (35,770 | ) |   |   | - |   |   |   | (241,589 | ) |
|                                                                      |   | (page 1 of 2)        |     |
| (a) Balance for the period ended September 30, 2010                       |   |                 |     |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                           |   | Moving & Storage |    |   |  AMERCO Legal Group |   |
|----------------------------------------------------------------|--------|----------------------|---------|--------|--------------------------|--------|
|                                                           |   | AMERCO               |    |   | U-Haul                   |   |   | Real Estate |   |   | Elimination |   |   | Moving & StorageConsolidated |   |   | Property &CasualtyInsurance (a) |   |   | LifeInsurance (a) |   |   | Elimination |   |   |   | AMERCOConsolidated |   |
|                                                           |   | (Unaudited)          |    |
| Cash flows from financing activities:                          |   | (In thousands)       |    |
| Borrowings from credit facilities                              |   |                 | -       |   |                     |   | 257,553 |   |   |   | 49,134 |   |   |   | - |   |   |   | 306,687 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 306,687 |   |
| Principal repayments on credit facilities                      |   |                 | -       |   |                     |   | (70,724 | ) |   |   | (178,160 | ) |   |   | - |   |   |   | (248,884 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (248,884 | ) |
| Debt issuance costs                                            |   |                 | -       |   |                     |   | (1,987 | ) |   |   | - |   |   |   | - |   |   |   | (1,987 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (1,987 | ) |
| Capital lease payments                                         |   |                 | -       |   |                     |   | (9,852 | ) |   |   | - |   |   |   | - |   |   |   | (9,852 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (9,852 | ) |
| Leveraged Employee Stock Ownership Plan - repayments from loan |   |                 | -       |   |                     |   | 881 |   |   |   | - |   |   |   | - |   |   |   | 881 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 881 |   |
| Securitization deposits                                        |   |                 | -       |   |                     |   | (87,710 | ) |   |   | - |   |   |   |   |   |   |   | (87,710 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | (87,710 | ) |
| Proceeds from (repayment of) intercompany loans                |   |                 | 26,495  |   |                     |   | (191,205 | ) |   |   | 164,710 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | - |   |
| Preferred stock dividends paid                                 |   |                 | (9,723  | )      |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | (9,723 | ) |   |   | - |   |   |   | - |   |   |   | 387 |   | (b) |   |   | (9,336 | ) |
| Dividend from related party                                    |   |                 | 3,303   |   |                     |   | - |   |   |   | - |   |   |   |   |   |   |   | 3,303 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 3,303 |   |
| Investment contract deposits                                   |   |                 | -       |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 8,503 |   |   |   | - |   |   |   |   | 8,503 |   |
| Investment contract withdrawals                                |   |                 | -       |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (25,749 | ) |   |   | - |   |   |   |   | (25,749 | ) |
| Net cash provided (used) by financing activities               |   |                 | 20,075  |   |                     |   | (103,044 | ) |   |   | 35,684 |   |   |   | - |   |   |   | (47,285 | ) |   |   | - |   |   |   | (17,246 | ) |   |   | 387 |   |   |   |   | (64,144 | ) |
|                                                           |   |                 |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Effects of exchange rate on cash                               |   |                 | -       |   |                     |   | 179 |   |   |   | - |   |   |   | - |   |   |   | 179 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   | 179 |   |
|                                                           |   |                 |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Increase (decrease) in cash and cash equivalents               |   |                 | 139,931 |   |                     |   | 23,814 |   |   |   | 752 |   |   |   | - |   |   |   | 164,497 |   |   |   | (672 | ) |   |   | (2,625 | ) |   |   | - |   |   |   |   | 161,200 |   |
| Cash and cash equivalents at beginning of period               |   |                 | 100,460 |   |                     |   | 107,241 |   |   |   | 4 |   |   |   | - |   |   |   | 207,705 |   |   |   | 22,126 |   |   |   | 14,287 |   |   |   | - |   |   |   |   | 244,118 |   |
| Cash and cash equivalents at end of period                     |   | $                    | 240,391 |   |                     | $      | 131,055 |   |   | $ | 756 |   |   | $ | - |   |   | $ | 372,202 |   |   | $ | 21,454 |   |   | $ | 11,662 |   |   | $ | - |   |   |   | $ | 405,318 |   |
|                                                           |   | (page 2 of 2)        |    |
| (a) Balance for the period ended September 30, 2010            |   |                 |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (b) Eliminate preferred stock dividends paid to affiliates     |   |                 |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                  |   | 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                                                      |   |                 | 664     |   |                     |   | 1,210 |   |   |   | (331 | ) |   |   | - |   |   |   | 1,543 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1,543 |   |
| Capitalization of deferred policy acquisition costs                   |   |                 | -       |   |                     |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (10,383 | ) |   |   | - |   |   |   | (10,383 | ) |
| Other assets                                                          |   |                 | (7      | )      |                     |   | 3,060 |   |   |   | 1,223 |   |   |   | - |   |   |   | 4,276 |   |   |   | 266 |   |   |   | (172 | ) |   |   | - |   |   |   | 4,370 |   |
| 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      | )      |                     |   | (186,259 | ) |   |   | (14,918 | ) |   |   | - |   |   |   | (201,180 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (201,180 | ) |
| 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                                         |   |                 | -       |   |                     |   | 118,030 |   |   |   | 1,080 |   |   |   | - |   |   |   | 119,110 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 119,110 |   |
| 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) Eliminate preferred stock dividends paid to affiliate      |   |                 |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                              |   | United States                              |      |   | Canada |   |    | Consolidated |   |
|-------------------------------------------------------------------|--------|--------------------------------------------|-----------|--------|--------|--------|---------|--------------|--------|
|                                                              |   | (Unaudited)                                |      |
|                                                              |   | (All amounts are in thousands of U.S. $'s) |      |
| Quarter ended December 31, 2010                                   |   |                                       |      |   |   |   |    |         |   |
| Total revenues                                                    |   | $                                          | 500,861   |   |   | $      | 29,121  |         |   | $ | 529,982 |   |
| Depreciation and amortization, net of (gains) losses on disposals |   |                                       | 52,249    |   |   |   | 1,046   |         |   |   | 53,295 |   |
| Interest expense                                                  |   |                                       | 22,077    |   |   |   | 159     |         |   |   | 22,236 |   |
| Pretax earnings                                                   |   |                                       | 25,454    |   |   |   | 3,587   |         |   |   | 29,041 |   |
| Income tax expense                                                |   |                                       | 9,376     |   |   |   | 1,057   |         |   |   | 10,433 |   |
| Identifiable assets                                               |   |                                       | 4,032,253 |   |   |   | 123,277 |         |   |   | 4,155,530 |   |
|                                                              |   |                                       |      |   |   |   |    |         |   |   |   |   |
| 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 |   |

|                                                              |   | United States                              |      |   | Canada |   |    | Consolidated |   |
|-------------------------------------------------------------------|--------|--------------------------------------------|-----------|--------|--------|--------|---------|--------------|--------|
|                                                              |   | (Unaudited)                                |      |
|                                                              |   | (All amounts are in thousands of U.S. $'s) |      |
| Nine months ended December 31, 2010                               |   |                                       |      |   |   |   |    |         |   |
| Total revenues                                                    |   | $                                          | 1,646,681 |   |   | $      | 106,224 |         |   | $ | 1,752,905 |   |
| Depreciation and amortization, net of (gains) losses on disposals |   |                                       | 141,323   |   |   |   | 4,787   |         |   |   | 146,110 |   |
| Interest expense                                                  |   |                                       | 64,988    |   |   |   | 500     |         |   |   | 65,488 |   |
| Pretax earnings                                                   |   |                                       | 254,398   |   |   |   | 17,621  |         |   |   | 272,019 |   |
| Income tax expense                                                |   |                                       | 96,499    |   |   |   | 5,191   |         |   |   | 101,690 |   |
| Identifiable assets                                               |   |                                       | 4,032,253 |   |   |   | 123,277 |         |   |   | 4,155,530 |   |
|                                                              |   |                                       |      |   |   |   |    |         |   |   |   |   |
| 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 |   |

----

|                                                |   | Quarter Ended December 31, |   |
|-----------------------------------------------------|--------|----------------------------|--------|
|                                                |   | 2010                       |   |   | 2009 |   |
|                                                |   | (Unaudited)                |   |
|                                                |   | (In thousands)             |   |
| Service cost for benefits earned during the period  |   | $                          | 116    |   |   | $ | 105 |   |
| Interest cost on accumulated postretirement benefit |   |                       | 142    |   |   |   | 151 |   |
| Other components                                    |   |                       | (10    | ) |   |   | (26 | ) |
| Net periodic postretirement benefit cost            |   | $                          | 248    |   |   | $ | 230 |   |

|                                                |   | Nine Months Ended December 31, |   |
|-----------------------------------------------------|--------|--------------------------------|--------|
|                                                |   | 2010                           |   |   | 2009 |   |
|                                                |   | (Unaudited)                    |   |
|                                                |   | (In thousands)                 |   |
| Service cost for benefits earned during the period  |   | $                              | 346    |   |   | $ | 315 |   |
| Interest cost on accumulated postretirement benefit |   |                           | 426    |   |   |   | 452 |   |
| Other components                                    |   |                           | (29    | ) |   |   | (78 | ) |
| Net periodic postretirement benefit cost            |   | $                              | 743    |   |   | $ | 689 |   |

----

|                                                 |   | 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                               |   | $              | 440,249   |   |                                                           | $      | 440,249 |                                          |   | $      | -                                         |   |   | $ | - |   |
| Fixed maturities - available for sale                |   |           | 601,398   |   |                                                           |   | 461,793 |                                          |   |   | 138,287                                   |   |   |   | 1,318 |   |
| Preferred stock                                      |   |           | 30,842    |   |                                                           |   | 30,842  |                                          |   |   | -                                         |   |   |   | - |   |
| Common stock                                         |   |           | 26,031    |   |                                                           |   | 26,031  |                                          |   |   | -                                         |   |   |   | - |   |
| Less: Preferred stock of AMERCO held by subsidiaries |   |           | (7,779    | )      |                                                           |   | (7,779  | )                                             |   |   | -                                         |   |   |   | - |   |
| Total                                                |   | $              | 1,090,741 |   |                                                           | $      | 951,136 |                                          |   | $      | 138,287                                   |   |   | $ | 1,318 |   |
|                                                 |   |           |      |   |                                                           |   |    |                                          |   |   |                                      |   |   |   |   |   |
|                                                 |   |           |      |   |                                                           |   |    |                                          |   |   |                                      |   |   |   |   |   |
| Liabilities                                          |   |           |      |   |                                                           |   |    |                                          |   |   |                                      |   |   |   |   |   |
| Guaranteed residual values of TRAC leases            |   | $              | -         |   |                                                           | $      | -       |                                          |   | $      | -                                         |   |   | $ | - |   |
| Derivatives                                          |   |           | 57,421    |   |                                                           |   | -       |                                          |   |   | 57,421                                    |   |   |   | - |   |
| Total                                                |   | $              | 57,421    |   |                                                           | $      | -       |                                          |   | $      | 57,421                                    |   |   | $ | - |   |

----

|                                                         |   | Fixed Maturities        |   |   |                    |   |
|--------------------------------------------------------------|--------|-------------------------|--------|--------|-------------------------|--------|
|                                                         |   | Auction Rate Securities |   |   | Asset Backed Securities |   |   | Total |   |
|                                                         |   | (Unaudited)             |   |
|                                                         |   | (In thousands)          |   |
| Balance at March 31, 2010                                    |   | $                       | 1,673  |   |                    | $      | 1,615 |   |   | $ | 3,288 |   |
|                                                         |   |                    |   |   |                    |   |   |   |   |   |   |   |
| Transfers into Level 3 (a)                                   |   |                    | 43     |   |                    |   | - |   |   |   | 43 |   |
| Fixed Maturities - Auction Rate Securities gain (unrealized) |   |                    | 2      |   |                    |   | - |   |   |   | 2 |   |
| Fixed Maturities - Asset Backed Securities loss (unrealized) |   |                    | -      |   |                    |   | (160 | ) |   |   | (160 | ) |
| Securities called at par                                     |   |                    | -      |   |                    |   | (95 | ) |   |   | (95 | ) |
| Balance at June 30, 2010                                     |   | $                       | 1,718  |   |                    | $      | 1,360 |   |   | $ | 3,078 |   |
|                                                         |   |                    |   |   |                    |   |   |   |   |   |   |   |
| Fixed Maturities - Auction Rate Securities loss (unrealized) |   |                    | (24    | )      |                    |   | - |   |   |   | (24 | ) |
| Fixed Maturities - Asset Backed Securities loss (unrealized) |   |                    | -      |   |                    |   | (40 | ) |   |   | (40 | ) |
| Balance at September 30, 2010                                |   | $                       | 1,694  |   |                    | $      | 1,320 |   |   | $ | 3,014 |   |
|                                                         |   |                    |   |   |                    |   |   |   |   |   |   |   |
| Fixed Maturities - Asset Backed Securities loss (unrealized) |   |                    | -      |   |                    |   | (2 | ) |   |   | (2 | ) |
| Securities called at par                                     |   |                    | (1,694 | )      |                    |   | - |   |   |   | (1,694 | ) |
| Balance at December 31, 2010                                 |   | $                       | -      |   |                    | $      | 1,318 |   |   | $ | 1,318 |   |

----

Item 2.

 

| ·   | Moving and Storage, comprised of AMERCO, U-Haul, and Real Estate and the subsidiaries of  U-Haul and Real Estate, |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------|

| ·   | Property and Casualty Insurance, comprised of Repwest and its subsidiaries and ARCOA, and |
|--------------------|-------------------------------------------------------------------------------------------|

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

----

----

----

----

----

|                                                          |   | Quarter Ended December 31, |    |
|---------------------------------------------------------------|--------|----------------------------|---------|
|                                                          |   | 2010                       |    |   | 2009 |   |
|                                                          |   | (Unaudited)                |    |
|                                                          |   | (In thousands)             |    |
|  Self-moving equipment rentals                           |   | $                          | 342,953 |   |   | $ | 321,275 |   |
|  Self-storage revenues                                   |   |                       | 30,638  |   |   |   | 27,931 |   |
|  Self-moving and self-storage products and service sales |   |                       | 41,533  |   |   |   | 41,077 |   |
|  Property management fees                                |   |                       | 5,129   |   |   |   | 5,504 |   |
|  Life insurance premiums                                 |   |                       | 74,306  |   |   |   | 39,011 |   |
|  Property and casualty insurance premiums                |   |                       | 8,998   |   |   |   | 7,810 |   |
|  Net investment and interest income                      |   |                       | 13,213  |   |   |   | 12,689 |   |
|  Other revenue                                           |   |                       | 13,212  |   |   |   | 8,331 |   |
|  Consolidated revenue                                    |   | $                          | 529,982 |   |   | $ | 463,628 |   |

----

|                                  |   | Quarter Ended December 31, |    |
|---------------------------------------|--------|----------------------------|---------|
|                                  |   | 2010                       |    |   | 2009 |   |
|                                  |   | (Unaudited)                |    |
|                                  |   | (In thousands)             |    |
|  Moving and storage              |   |                       |    |   |   |   |
|  Revenues                        |   | $                          | 440,346 |   |   | $ | 410,969 |   |
|  Earnings from operations        |   |                       | 49,155  |   |   |   | 26,126 |   |
|  Property and casualty insurance |   |                       |    |   |   |   |   |   |
|  Revenues                        |   |                       | 11,117  |   |   |   | 9,642 |   |
|  Earnings from operations        |   |                       | 1,876   |   |   |   | 1,636 |   |
|  Life insurance                  |   |                       |    |   |   |   |   |   |
|  Revenues                        |   |                       | 79,858  |   |   |   | 44,389 |   |
|  Earnings from operations        |   |                       | 4,785   |   |   |   | 5,462 |   |
|  Eliminations                    |   |                       |    |   |   |   |   |   |
|  Revenues                        |   |                       | (1,339  | ) |   |   | (1,372 | ) |
|  Earnings from operations        |   |                       | (4,539  | ) |   |   | (4,666 | ) |
|  Consolidated results            |   |                       |    |   |   |   |   |   |
|  Revenues                        |   |                       | 529,982 |   |   |   | 463,628 |   |
|  Earnings from operations        |   |                       | 51,277  |   |   |   | 28,558 |   |

----

|                                                          |   | Quarter Ended December 31, |    |
|---------------------------------------------------------------|--------|----------------------------|---------|
|                                                          |   | 2010                       |    |   | 2009 |   |
|                                                          |   | (Unaudited)                |    |
|                                                          |   | (In thousands)             |    |
|  Self-moving equipment rentals                           |   | $                          | 343,506 |   |   | $ | 321,784 |   |
|  Self-storage revenues                                   |   |                       | 30,638  |   |   |   | 27,931 |   |
|  Self-moving and self-storage products and service sales |   |                       | 41,533  |   |   |   | 41,077 |   |
|  Property management fees                                |   |                       | 5,129   |   |   |   | 5,504 |   |
|  Net investment and interest income                      |   |                       | 6,582   |   |   |   | 6,408 |   |
|  Other revenue                                           |   |                       | 12,958  |   |   |   | 8,265 |   |
|  Moving and Storage revenue                              |   | $                          | 440,346 |   |   | $ | 410,969 |   |

----

|                                       |   | Quarter Ended December 31,            |   |
|--------------------------------------------|--------|---------------------------------------|--------|
|                                       |   | 2010                                  |   |   | 2009 |   |
|                                       |   | (Unaudited)                           |   |
|                                       |   | (In thousands, except occupancy rate) |   |
| Room count as of December 31               |   |                                  | 150    |   |   |   | 143 |   |
| Square footage as of December 31           |   |                                  | 12,254 |   |   |   | 11,625 |   |
| Average number of rooms occupied           |   |                                  | 112    |   |   |   | 106 |   |
| Average occupancy rate based on room count |   |                                  | 75.3   | % |   |   | 74.1 | % |
| Average square footage occupied            |   |                                  | 9,447  |   |   |   | 8,799 |   |

----

|                                                          |   | Nine Months Ended December 31, |      |
|---------------------------------------------------------------|--------|--------------------------------|-----------|
|                                                          |   | 2010                           |      |   | 2009 |   |
|                                                          |   | (Unaudited)                    |      |
|                                                          |   | (In thousands)                 |      |
|  Self-moving equipment rentals                           |   | $                              | 1,229,544 |   |   | $ | 1,121,419 |   |
|  Self-storage revenues                                   |   |                           | 89,512    |   |   |   | 82,347 |   |
|  Self-moving and self-storage products and service sales |   |                           | 161,644   |   |   |   | 154,421 |   |
|  Property management fees                                |   |                           | 14,245    |   |   |   | 14,432 |   |
|  Life insurance premiums                                 |   |                           | 152,131   |   |   |   | 95,353 |   |
|  Property and casualty insurance premiums                |   |                           | 23,477    |   |   |   | 21,071 |   |
|  Net investment and interest income                      |   |                           | 39,442    |   |   |   | 38,908 |   |
|  Other revenue                                           |   |                           | 42,910    |   |   |   | 30,260 |   |
|  Consolidated revenue                                    |   | $                              | 1,752,905 |   |   | $ | 1,558,211 |   |

----

|                                  |   | Nine Months Ended December 31, |      |
|---------------------------------------|--------|--------------------------------|-----------|
|                                  |   | 2010                           |      |   | 2009 |   |
|                                  |   | (Unaudited)                    |      |
|                                  |   | (In thousands)                 |      |
|  Moving and storage              |   |                           |      |   |   |   |
|  Revenues                        |   | $                              | 1,558,136 |   |   | $ | 1,423,054 |   |
|  Earnings from operations        |   |                           | 332,034   |   |   |   | 177,792 |   |
|  Property and casualty insurance |   |                           |      |   |   |   |   |   |
|  Revenues                        |   |                           | 29,607    |   |   |   | 26,552 |   |
|  Earnings from operations        |   |                           | 5,280     |   |   |   | 4,686 |   |
|  Life insurance                  |   |                           |      |   |   |   |   |   |
|  Revenues                        |   |                           | 169,099   |   |   |   | 111,996 |   |
|  Earnings from operations        |   |                           | 11,556    |   |   |   | 12,051 |   |
|  Eliminations                    |   |                           |      |   |   |   |   |   |
|  Revenues                        |   |                           | (3,937    | ) |   |   | (3,391 | ) |
|  Earnings from operations        |   |                           | (11,363   | ) |   |   | (10,957 | ) |
|  Consolidated results            |   |                           |      |   |   |   |   |   |
|  Revenues                        |   |                           | 1,752,905 |   |   |   | 1,558,211 |   |
|  Earnings from operations        |   |                           | 337,507   |   |   |   | 183,572 |   |

----

|                                                          |   | Nine Months Ended December 31, |      |
|---------------------------------------------------------------|--------|--------------------------------|-----------|
|                                                          |   | 2010                           |      |   | 2009 |   |
|                                                          |   | (Unaudited)                    |      |
|                                                          |   | (In thousands)                 |      |
|  Self-moving equipment rentals                           |   | $                              | 1,231,183 |   |   | $ | 1,122,676 |   |
|  Self-storage revenues                                   |   |                           | 89,512    |   |   |   | 82,347 |   |
|  Self-moving and self-storage products and service sales |   |                           | 161,644   |   |   |   | 154,421 |   |
|  Property management fees                                |   |                           | 14,245    |   |   |   | 14,432 |   |
|  Net investment and interest income                      |   |                           | 19,297    |   |   |   | 19,838 |   |
|  Other revenue                                           |   |                           | 42,255    |   |   |   | 29,340 |   |
|  Moving and Storage revenue                              |   | $                              | 1,558,136 |   |   | $ | 1,423,054 |   |

----

|                                       |   | Nine Months Ended December 31,        |   |
|--------------------------------------------|--------|---------------------------------------|--------|
|                                       |   | 2010                                  |   |   | 2009 |   |
|                                       |   | (Unaudited)                           |   |
|                                       |   | (In thousands, except occupancy rate) |   |
| Room count as of December 31               |   |                                  | 150    |   |   |   | 143 |   |
| Square footage as of December 31           |   |                                  | 12,254 |   |   |   | 11,625 |   |
| Average number of rooms occupied           |   |                                  | 112    |   |   |   | 106 |   |
| Average occupancy rate based on room count |   |                                  | 76.3   | % |   |   | 75.7 | % |
| Average square footage occupied            |   |                                  | 9,415  |   |   |   | 8,824 |   |

----

|                         |   | Moving & Storage |      |   | Property and Casualty Insurance (a) |   |    | Life Insurance (a) |   |
|------------------------------|--------|----------------------|-----------|--------|-------------------------------------|--------|---------|--------------------|--------|
|                         |   | (Unaudited)          |      |
|                         |   | (In thousands)       |      |
| Cash and cash equivalents    |   | $                    | 372,202   |   |                                | $      | 21,454  |               |   | $ | 11,662 |   |
| Other financial assets       |   |                 | 369,056   |   |                                |   | 378,596 |               |   |   | 651,629 |   |
| Debt obligations             |   |                 | 1,417,974 |   |                                |   | -       |               |   |   | - |   |
|                         |   |                 |      |   |                                |   |    |               |   |   |   |   |
| (a) As of September 30, 2010 |   |                 |      |   |                                |   |    |               |   |   |   |   |

----

----

----

----

----

Item 3.  

| Notional Amount                  |    | Fair Value |     | Effective Date | Expiration Date |    | Fixed Rate |       | Floating Rate |
|----------------------------------|---------|------------|----------|----------------|-----------------|---------|------------|------------|---------------|
| (Unaudited)                      |
| (In thousands)                   |
| $                                | 59,721  |       | (a), (b) |           | $               | (2,874  | )          | 5/10/2006  | 4/10/2012     |   |   | 5.06 | % | 1 Month LIBOR |
|                             | 60,640  |       | (a), (b) |           |            | (4,452  | )          | 10/10/2006 | 10/10/2012    |   |   | 5.57 | % | 1 Month LIBOR |
|                             | 20,949  |       | (a)      |           |            | (2,075  | )          | 7/10/2006  | 7/10/2013     |   |   | 5.67 | % | 1 Month LIBOR |
|                             | 256,667 |       | (a)      |           |            | (41,622 | )          | 8/18/2006  | 8/10/2018     |   |   | 5.43 | % | 1 Month LIBOR |
|                             | 13,500  |       | (a)      |           |            | (1,411  | )          | 2/12/2007  | 2/10/2014     |   |   | 5.24 | % | 1 Month LIBOR |
|                             | 9,094   |       | (a)      |           |            | (913    | )          | 3/12/2007  | 3/10/2014     |   |   | 4.99 | % | 1 Month LIBOR |
|                             | 9,100   |       | (a)      |           |            | (909    | )          | 3/12/2007  | 3/10/2014     |   |   | 4.99 | % | 1 Month LIBOR |
|                             | 11,500  |       | (a), (b) |           |            | (707    | )          | 8/15/2008  | 6/15/2015     |   |   | 3.62 | % | 1 Month LIBOR |
|                             | 12,350  |       | (a)      |           |            | (883    | )          | 8/29/2008  | 7/10/2015     |   |   | 4.04 | % | 1 Month LIBOR |
|                             | 18,363  |       | (a)      |           |            | (1,427  | )          | 9/30/2008  | 9/10/2015     |   |   | 4.16 | % | 1 Month LIBOR |
|                             | 10,500  |       | (a), (b) |           |            | (128    | )          | 3/30/2009  | 4/15/2016     |   |   | 2.24 | % | 1 Month LIBOR |
|                             | 13,751  |       | (a), (b) |           |            | (20     | )          | 8/15/2010  | 7/15/2017     |   |   | 2.15 | % | 1 Month LIBOR |
|                             |    |       |     |           |            |    |       |       |          |   |   |   |   |   |
| (a) interest rate swap agreement |    |       |     |           |            |    |       |       |
| (b) forward swap                 |    |       |     |           |            |    |

----

Item 4. 

----

Item 1.

tem 

Item 2. 

Item 3.

Item 4.

Item 5

tem

| 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 September 10, 2010, 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                                                                                                          |

----

----