XBRL Financials

Financials

Cover	12 Months Ended
Cover	Mar. 31, 2023
Document Information [Line Items]
Document Type	DEF 14A
Amendment Flag	false
Entity Information [Line Items]
Entity Registrant Name	U-HAUL HOLDING COMPANY
Entity Central Index Key	0000004457

Pay vs Performance Disclosure - USD ($)

12 Months Ended

Mar. 31, 2023

Mar. 31, 2022

Mar. 31, 2021

Pay vs Performance Disclosure [Table]

Pay vs Performance [Table Text Block]

PAY VERSUS PERFORMANCE

In accordance with Item 402(v) of Regulation

S-K,

we are providing the following information about the relationship between executive compensation and certain measures of the Company’s financial performance. SEC rules prescribe the disclosure included in this section; however, the information does not necessarily align with how the Company or the Compensation Committee view the link between the Company’s performance and the pay of its NEOs.

For Fiscal 2023, and for the fiscal years ended March 31,

2022

and 2021, the Compensation Committee did not utilize any benchmarking measure and traditionally has not tied compensation directly to a specific performance measurement, market value of the Company’s Voting Common Stock or

Non-Voting

Common Stock, or benchmark related to any established peer or industry group. For a description of the Company’s compensation philosophy, objectives and other relevant policies and its determination of compensation for the Company’s executive officers for Fiscal 2023, see “Compensation Discussion and Analysis” in this Proxy Statement. The Compensation Committee did not consider the pay versus performance disclosure below in making its compensation decisions for any of the years shown.


Fiscal Year	Summary Compensation Table total for PEO (1) ($)		Compensation Actually Paid to PEO (1)(2)(3) ($)		Average Summary Compensation Table Total for non-PEO NEOs (1) ($)		Average Compensation Actually Paid to non-PEO NEOs (1)(2)(3) ($)		Value of initial fixed $100 investment based on:				Net income (In thousands)($)		EBITDA (5) (In thousands)($)
Fiscal Year	Summary Compensation Table total for PEO (1) ($)		Compensation Actually Paid to PEO (1)(2)(3) ($)						Total Shareholder Return ($)		Peer group total shareholder return (4) ($)		Net income (In thousands)($)		EBITDA (5) (In thousands)($)

(a)	(b)		(c)		(d)		(e)		(f)		(g)		(h)		(i)

2023		1,011,616		1,012,158		632,132		632,821		UHAL 223.16		149.94		922,998		1,888,513

										UHAL.B 193.98

2022		1,011,744		1,011,423		617,660		617,100		UHAL 225.76		159.27		1,123,286		2,055,858

										UHAL.B 225.76

2021		997,545		1,014,417		562,506		578,547		UHAL 228.10		151.16		610,856		1,520,074

										UHAL.B 228.10

(1)

Edward J. Shoen was our principal executive officer (“PEO”) for each year presented. The individuals comprising the

Non-PEO

named executive officers for each year presented are the same individuals reported as the Company’s Named Executive Officers for Fiscal 2023 in the “Compensation Discussion and Analysis” in this Proxy Statement.

(2)

The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation

S-K

and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.

(3)

Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the

Non-PEO

NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718.


Fiscal Year	NEO Type	Summary Compensation Table Total ($)		Subtract Equity Awards ($)			Add Fiscal Year End Value of Current Year Equity Awards ($)		Change in Value of Prior Equity Awards ($)			Total Compensation Actually Paid ($)
2023	PEO		1,011,616		(8,487	)		9,036		(7	)		1,012,158
	Non-PEO		632,132		(10,579	)		11,276		(8	)		632,821
2022	PEO		1,011,744		(9,740	)		9,420		(1	)		1,011,423
	Non-PEO		617,660		(11,514	)		11,062		(108	)		617,100
2021	PEO		997,545		(41	)		58		16,855			1,014,417


Fiscal Year	NEO Type		Summary Compensation Table Total ($)		Subtract Equity Awards ($)			Add Fiscal Year End Value of Current Year Equity Awards ($)		Change in Value of Prior Equity Awards ($)		Total Compensation Actually Paid ($)
		Non-PEO		562,506		(2,983	)		4,225		14,799		578,547

(4)

The Peer Group TSR set forth in this table reflects the Dow Jones U.S. Total Index which we also utilize in the stock performance graph required by Item 201(e) of Regulation

S-K

included in our Annual Report for the year ended March 31, 2023. The comparison assumes $100 was invested for the period starting April 1, 2020, through the end of the listed year in the Company and in the Dow Jones US Total Index, respectively and that all dividends were reinvested. Historical stock performance is not necessarily indicative of future stock performance.

(5)

We determined Moving and Storage segments EBITDA to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and

Non-PEO

NEOs in Fiscal 2023. Moving and Storage EBITDA may not have been the most important financial performance measure for the fiscal years ended March 31, 2022 and 2021 and we may determine a different financial performance measure to be the most important financial performance measure in future years.

Moving and Storage EBITDA


(In thousands) (Unaudited)	March 31, 2023			March 31, 2022			March 31, 2021
Earnings from operations *	$	1,396,122		$	1,577,226		$	906,863
Depreciation		733,879			696,955			664,001
Net gains on disposals		(247,084	)		(214,203	)		(54,071	)
Net (gains) losses on disposal of real estate		5,596			(4,120	)		3,281

Depreciation, net of (gains) losses on disposals		492,391			478,632			613,211

EBITDA	$	1,888,513		$	2,055,858		$	1,520,074

before insurance subsidiaries

Named Executive Officers, Footnote [Text Block]

(1)

Edward J. Shoen was our principal executive officer (“PEO”) for each year presented. The individuals comprising the

Non-PEO

Peer Group Issuers, Footnote [Text Block]

(4)

The Peer Group TSR set forth in this table reflects the Dow Jones U.S. Total Index which we also utilize in the stock performance graph required by Item 201(e) of Regulation

S-K

PEO Total Compensation Amount

$ 1,011,616

$ 1,011,744

$ 997,545

PEO Actually Paid Compensation Amount

1,012,158

1,011,423

1,014,417

Non-PEO NEO Average Total Compensation Amount

632,132

617,660

562,506

Non-PEO NEO Average Compensation Actually Paid Amount

$ 632,821

617,100

578,547

Compensation Actually Paid vs. Total Shareholder Return [Text Block]

Description of Relationship Between Compensation Actually Paid and

Company

Total

Shareholder Return (“TSR”).

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our

Non-PEO

NEOs, and the Company’s cumulative TSR over the three most recently completed fiscal years.

Compensation Actually Paid vs. Net Income [Text Block]

Description of Relationship Between Compensation Actually Paid and Net Income.

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our

Non-PEO

NEOs, and our net income during each of the three most recently completed fiscal years.

Compensation Actually Paid vs. Company Selected Measure [Text Block]

Description of Relationship Between Compensation Actually Paid and Moving and Storage EBITDA.

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our

Non-PEO

NEOs, and Moving and Storage EBITDA (in thousands) during each of the three most recently completed fiscal years.

Total Shareholder Return Vs Peer Group [Text Block]

Description of Relationship Between Company TSR and Peer Group TSR.

The following chart compares our cumulative TSR over each of the three most recently completed fiscal years to that of the Dow Jones US Total Index over the same period.

Tabular List [Table Text Block]

Tabular List of Most Important Financial Performance Measures.

The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEO and

Non-PEO

NEOs for Fiscal 2023 to Company performance. The measures in this table are not ranked.

Most Important Financial Measures

Moving and Storage EBITDA

Moving and Storage Combined Moving Transactions and Occupied Storage Unit Count

Moving and Storage Operating Cash Flows

Peer Group Total Shareholder Return Amount

$ 149.94

159.27

151.16

Net Income (Loss)

$ 922,998,000

$ 1,123,286,000

$ 610,856,000

Company Selected Measure Amount

1,888,513,000

2,055,858,000

1,520,074,000

Measure [Axis]: 1

Pay vs Performance Disclosure [Table]

Measure Name

Moving and Storage EBITDA

Non-GAAP Measure Description [Text Block]

(5)

We determined Moving and Storage segments EBITDA to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and

Non-PEO

Measure [Axis]: 2

Pay vs Performance Disclosure [Table]

Measure Name

Moving and Storage Combined Moving Transactions and Occupied Storage Unit Count

Measure [Axis]: 3

Pay vs Performance Disclosure [Table]

Measure Name

Moving and Storage Operating Cash Flows

UHAL [Member]

Pay vs Performance Disclosure [Table]

Total Shareholder Return Amount