AMERCO Reports Fiscal 2022 Financial Results

May 25, 2022 Download

RENO, Nev. (May 25, 2022)--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, 2022, of $1,123.3 million, or $57.29 per share, compared with $610.9 million, or $31.15 per share for the same period last year.

For the quarter ended March 31, 2022, the Company reported net earnings available to shareholders of $86.7 million, or $4.42 per share compared with net earnings of $73.8 million, or $3.76 per share for the same period last year.

"Our teams worked hard to take care of new and existing customers over the past year. We were rewarded with increased business," stated Joe Shoen, chairman of AMERCO. "We are now in less certain times with significant inflation, large gas price increases and disruptions with nearly every significant supplier. Many companies are experiencing this. This is not particularly unique. We will just have to work through this. We are focused on our customer."