AMERCO REPORTS FISCAL 2014 FINANCIAL RESULTS

May 28, 2014 Download

Reno, Nev. (May 28, 2014) AMERCO (Nasdaq: UHAL), parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, today reported net earnings available to shareholders for the year ended March 31, 2014, were $342.4 million, or $17.51 per share, compared with $264.7 million, or $13.56 per share for the same period last year.

For the quarter ended March 31, 2014, the Company reported net earnings available to shareholders of $39.2 million, or $2.00 per share compared with net earnings of $37.9 million, or $1.93 per share for the same period last year. The fourth quarter of fiscal 2013 included an $8.4 million pre-tax gain at our insurance companies resulting from an investment gain.

“Our employees, dealers and affiliates continue to find ways to improve the U-Haul rental experience,” stated Joe Shoen, chairman of AMERCO. “We operate in very competitive markets. We are surrounded by uncertainty. The better we serve the customer, the better our longer term prospects.”