U-Haul Holding
23 named things its latest annual report says its results depend on, each in the company's own words. 12 of them are also named by other companies we've read.
Suppliers
General Motors
depends onnamed as a riskOver the last 30 years, we have purchased the majority of our rental trucks from Ford Motor Company and General Motors Corporation.Risk factors (Item 1A)
Partners and platforms
U-Haul independent dealer network
depends on · just under half of all U-Move rental revenuenamed as a riskIn fiscal 2026, just under half of all U-Move rental revenue originated through this network.Risk factors (Item 1A)
Repwest largest single reinsurer
depends on · $18.8 millionnamed as a riskOf this, Repwest’s largest exposure to a single reinsurer was $18.8 million.Risk factors (Item 1A)
Other companies
A.M. Best
"A" (Excellent)named as a riskIn September 2025, A.M. Best affirmed the Financial Strength Rating for Oxford and Christian Fidelity Life Insurance Company (“CFLIC”) of "A" (Excellent).Risk factors (Item 1A)
Competitors
Public Storage
competes withnamed as a riskWe filed a lawsuit against Public Storage in the District of Arizona in December 2024, asking for a declaration that our trade dress and trademarks that use orange do not infringe on Public Storage's claimed intellectual property rights.Risk factors (Item 1A)
Avis Budget Group
competes withOur major national competitors in both the in-town and one-way moving equipment rental market include Avis Budget Group, Inc. and Penske Truck Leasing.Business (Item 1)
Also named by TNL
CubeSmart
competes withOur largest competitors in the self-storage market are Public Storage Inc., CubeSmart, and Extra Space Storage, Inc.Business (Item 1)
Extra Space Storage
competes withOur largest competitors in the self-storage market are Public Storage Inc., CubeSmart, and Extra Space Storage, Inc.Business (Item 1)
Penske Truck Leasing
competes withOur major national competitors in both the in-town and one-way moving equipment rental market include Avis Budget Group, Inc. and Penske Truck Leasing.Business (Item 1)
Places
Hazards
Underground storage tanks
named as a riskIn particular, we have managed a testing and removal program since 1988 for our underground storage tanks.Risk factors (Item 1A)
Commodities and inputs
SOFR
exposed to its price · $5.5 million annuallynamed as a riskIf the Secured Overnight Funding Rate (“SOFR”) were to increase 100 basis points, the increase in interest expense on the variable rate debt would decrease future earnings and cash flows by $5.5 million annually (after consideration of the effect of the above derivative contracts).Market risk (Item 7A)
Also named by AAP, AIOT, APG, APH, ARES, AXON, BGC, BR and 82 more
Used truck resale market
exposed to its pricenamed as a riskIf there is a decline in residual values for trucks in our fleet, it may cause us to hold those trucks longer, sustain a loss on the sale of those trucks or require us to depreciate those trucks at a more accelerated rate than currently anticipated while we own them.Risk factors (Item 1A)
Regulators
U.S. Environmental Protection Agency
subject tonamed as a riskCalifornia must request and receive a waiver from the Environmental Protection Agency to enforce the ACF, and for now it has withdrawn its request for such a waiver.Risk factors (Item 1A)
Also named by AAON, AAP, ALSN, AMRC, APA, APD, APG, AROC and 78 more
U.S. Department of Transportation
subject tonamed as a riskFor example, the U.S. Department of Transportation and various state, federal and Canadian agencies exercise broad powers over our motor carrier operations, safety, and the generation, handling, storage, treatment and disposal of waste materials.Risk factors (Item 1A)
Also named by ACHR, AESI, ALK, BLDR, CHRW, CTAS, DAL, EXPE and 19 more
Laws and programs
One Big Beautiful Bill Act
subject to · 100% bonus depreciationnamed as a riskSome of the key tax updates from the law include reinstating of 100% bonus depreciation.Risk factors (Item 1A)
Also named by AA, ABR, ADI, ADM, ALB, AMAT, AMGN, AMKR and 121 more
Medicare supplement insurance
earns from · approximately 3.6%Life Insurance provides life and health insurance products primarily to the senior market through the direct writing and reinsuring of life insurance, Medicare supplement and annuity policies.Business (Item 1)
California Consumer Privacy Act
subject tonamed as a riskRegulators have been imposing new data privacy and security requirements, including new and greater monetary fines for privacy violations, such as those under the California Consumer Privacy Act of 2018, as amended by the California Privacy Rights Act.Risk factors (Item 1A)
Also named by AAP, AIOT, AKAM, ALL, APP, AYI, BAC, BBSI and 69 more
California Air Resources Board Advanced Clean Fleets regulation
subject tonamed as a riskFor example, the Advanced Clean Fleets regulation (“ACF”) adopted by the California Air Resources Board (“CARB”) would have required us to phase out certain internal combustion engine vehicles from our fleet and replace them with so-called zero-emission vehicles (“ZEVs”).Risk factors (Item 1A)
Tariffs on trucks
exposed to its pricenamed as a riskIf costs significantly increase in the future, whether because of general economic conditions, adverse effects of government regulations, tariffs, duties, other trade barriers, supply chain disruptions, or any other reason, it could materially and negatively affect our ability to rotate new equipment into the fleet.Risk factors (Item 1A)