AMERCO is a holding company, with its principal subsidiary U-Haul. The company’s history is the history of U-Haul.
Leonard Shoen and his wife Ana Mary Carty had the idea for U-Haul when they were unable to move their belongings to Portland, Oregon from Los Angeles. The couple decided to start a business that would allow for people to rent moving vehicles that could be picked up in one location and dropped off in another.
Today the Shoen continues to control 40% of the company through the holding company AMERCO.
AMERCO sells packing supplies and rents trucks, trailers, and moving devices through 17,400 independent dealers and 1,550 company-owned and operated centers throughout the United States and Canada. The company also offers self-storage facilities, life insurance, property and casual insurance, and annuities through its subsidiaries.
AMERCO trades publicly on the NASDAQ under the ticker symbol UHAL, is #822 in the Fortune 1000, has 10,935 employees, and had $3.03 billion in revenue in 2014.