# U-Haul Holding Co /NV/

> Clarifo company profile — qualitative business description generated from
> the company's filings. Financial statements, charts and ratios are
> available on Clarifo (https://www.clarifo.com/fi/companies/U-Haul Holding Co /NV/).

## Overview

U-Haul Holding Co. is a Nevada-based holding company whose main operating business, U-Haul, serves the do-it-yourself moving and storage market across the United States and Canada. Through company-operated retail stores, a large independent dealer network, and digital channels, it provides truck and trailer rentals, self-storage, portable moving containers, and related moving supplies and protection products.

## Products & services

• Truck and trailer rentals
• Self-storage units and managed storage
• U-Box portable moving and storage containers
• Moving supplies, towing accessories, and propane
• Safemove, Safetow, Safestor, Safehaul, Safetrip
• Moving Help and storage reservation network services

- **Truck and trailer rental** (45%) — Rental of U-Haul trucks, trailers, and specialty towing equipment for local and one-way moves.
- **Self-storage and portable storage** (30%) — Company-owned, managed, and affiliate self-storage plus U-Box portable storage units.
- **Moving supplies and ancillary retail** (10%) — Boxes, tape, pads, towing accessories, propane, and other moving-related retail items.
- **Protection products and roadside coverage** (8%) — Safemove, Safetow, Safestor, Safehaul, Safemove Plus, and Safetrip coverage products.
- **Network and service platform** (7%) — Moving Help, storage reservations, and dealer network services that connect customers and providers.

- Truck and trailer rentals
- Self-storage units and managed storage
- U-Box portable moving and storage containers
- Moving supplies, towing accessories, and propane
- Safemove, Safetow, Safestor, Safehaul, Safetrip
- Moving Help and storage reservation network services

## Customers

U-Haul primarily serves do-it-yourself household movers who rent equipment and buy supplies to move their own goods. It also serves small commercial users, self-storage customers, and independent storage operators that participate in the reservation network. In addition, the insurance subsidiaries write property/casualty and life products for U-Haul-related and senior-market customers.

- **Do-it-yourself household movers** (primary) — Rent trucks, trailers, U-Box containers, and buy moving supplies for personal moves.
- **Self-storage renters** (primary) — Lease company-owned, managed, or affiliate storage units for household or commercial goods.
- **Independent dealers and affiliates** (secondary) — Use U-Haul branding, reservation systems, and product access to serve local customers.
- **Small commercial users** (secondary) — Rent equipment and storage for light business logistics and local transport needs.
- **Insurance policyholders** (secondary) — Buy property/casualty and life, Medicare supplement, or annuity products through the insurance subsidiaries.

- Households moving locally or one-way on a self-service basis
- Small businesses needing trucks, trailers, or storage space
- Self-storage renters seeking short- or long-term space
- Independent dealers and storage affiliates using U-Haul systems
- Insurance customers in U-Haul-related and senior-market products

## Geography

U-Haul’s core moving and storage operations are conducted throughout the United States and Canada, with a dense footprint of company-operated stores and independent dealers. The business is geographically tied to local move activity, regional storage demand, and the availability of dealer and storage locations, while the insurance subsidiaries add a separate North American footprint.

- **United States and Canada** (100%) — Company states operations are conducted throughout the United States and Canada.

- Core operations span the United States and Canada
- Nearly 2,400 company-operated retail moving stores
- More than 21,600 independent U-Haul dealers
- Storage and rental demand is tied to local move patterns
- Insurance activities add a separate North American exposure

## Strategy

U-Haul’s strategy centers on expanding its rental and storage footprint while keeping the self-service model convenient and low-cost for customers. It also seeks to deepen utilization of its fleet and storage assets through dealer expansion, digital reservations, and the U-Haul Storage Affiliate program, which broadens inventory without requiring the same level of capital as owned assets.

- **Expand owned self-storage capacity** (medium-term) — Storage adds recurring customer demand and leverages existing brand traffic.
- **Grow the affiliate storage network** (medium-term) — Adds inventory and reservation coverage with lower capital intensity.
- **Optimize fleet utilization and rotation** (short-term) — Rental availability and used-vehicle monetization support the moving business model.
- **Increase digital and dealer convenience** (short-term) — Broader access points improve lead generation and transaction volume.

- Expand owned self-storage through acquisitions and development
- Grow the U-Haul Storage Affiliate network
- Increase dealer coverage and customer convenience
- Use digital reservations and the U-Haul app to drive demand
- Rotate and refresh the truck fleet to maintain availability

## Risks

U-Haul’s results depend on fleet availability, used-truck resale values, and access to new vehicles from a limited set of manufacturers. The business also carries liability exposure from rental operations, location activity, and insurance underwriting, while storage expansion and capital intensity make funding conditions and real estate execution important to performance.

- **Residual value risk on used rental trucks** [high] — Fleet rotation relies on selling used vehicles to fund new purchases.
- **Manufacturer supply concentration** [high] — Most rental trucks come from a limited number of OEMs, creating supply risk.
- **Operational liability exposure** [medium] — Rental fleet, store operations, and product sales can generate claims and litigation.
- **Regulatory and technology transition risk** [medium] — Electric-vehicle mandates or travel restrictions could alter customer behavior and fleet economics.
- **Real estate execution and funding risk** [medium] — Storage growth depends on acquisitions, development, labor, materials, and capital access.

- Used-truck resale values can fall and reduce fleet monetization
- Truck supply depends on a limited number of manufacturers
- Rental and location operations create liability exposure
- Electric-vehicle policy and travel regulation could affect demand
- Storage expansion depends on capital, labor, materials, and entitlements

## Accounting

U-Haul’s accounting is heavily influenced by estimates tied to fleet depreciation, residual values, insurance reserves, and investment impairments. Storage development, lease arrangements, and insurance liabilities also affect reported results because the company combines a capital-intensive moving business with insurance subsidiaries that require actuarial and fair-value judgments.

- **Fleet depreciation and residual values** — Can materially change moving segment earnings and cash generation
- **Insurance claims reserves** — Affects insurance segment liabilities and earnings timing
- **Investment impairment and credit losses** — Can create earnings volatility in the insurance subsidiaries
- **Deferred taxes** — Influences reported tax expense and equity
- **Lease and storage property accounting** — Affects operating assets, liabilities, and segment comparability

- Truck residual values affect depreciation and gains/losses on sale
- Insurance reserves depend on claims and actuarial IBNR estimates
- Investment securities are subject to credit-loss and fair-value judgments
- Deferred taxes and lease accounting affect balance sheet presentation
- Storage acquisitions and development create capitalization and impairment issues

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*Last updated: 2026-04-29T05:04:56.998727+00:00*