AMERCO Reports Second Quarter Fiscal 2023 Financial Results
November 9, 2022 Download
RENO, Nev. (Nov. 9, 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 its second quarter ended September 30, 2022, of $352.0 million, or $17.95 per share, compared with net earnings of $409.9 million, or $20.90 per share, for the same period last year.
For the six-month period ended September 30, 2022, net earnings available to shareholders were $686.0 million, or $34.99 per share, compared with net earnings of $755.1 million, or $38.51 per share, for the same period last year.
“Our customers face the same challenges we all hear about in the media every day. The public is stressed. We aim to be their best choice when they need our products and services,” stated Joe Shoen, chairman of AMERCO. “The Company recently announced several corporate actions reflecting feedback from shareholders. I am excited by the potential positive impact these decisions will have on all constituents of the Company.”