AMERCO Reports Third Quarter Fiscal 2016 Financial Results

February 3, 2016 Download

RENO, Nev. (February 3, 2016)--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, 2015, of $81.8 million, or $4.17 per share, compared with net earnings of $66.5 million, or $3.40 per share, for the same period last year.

For the nine-month period ended December 31, 2015, net earnings available to shareholders were $436.4 million, or $22.27 per share, compared with net earnings of $347.3 million, or $17.73 per share, for the same period last year.

“We have struggled with weather complications in our self-moving business. Self-storage is being flooded with new entrants seeking easy money returns,” stated Joe Shoen, chairman of AMERCO. “Customers continue to have many good options. Our task is to make U-Haul the customer’s best choice.”