AMERCO Reports Third Quarter Fiscal 2021 Financial Results

February 3, 2021 Download

RENO, Nev. (February 3, 2021) -- 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 its third quarter ended December 31, 2020, of $183.0 million, or $9.33 per share, compared with net earnings of $30.9 million, or $1.58 per share, for the same period last year.

For the nine-month period ended December 31, 2020, net earnings available to shareholders were $537.1 million, or $27.39 per share, compared with net earnings of $319.7 million, or $16.31 per share, for the same period last year.

“Our investments over the past few years have positioned us to serve new and existing moving and self-storage customers during a time when the public has particularly needed U-Haul,” stated Joe Shoen, chairman of AMERCO. “Most of our marketplaces are very competitive. Our team must keep its eye on the ball to meet current demand and build for the future.”