AMERCO REPORTS FISCAL 2012 FINANCIAL RESULTS
Reno, Nev (June 6, 2012) 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 common shareholders for the year ended March 31, 2012 were $196.5 million, or $10.09 per share, compared with $171 million, or $8.80 per share for the same period last year. Included in the results for March 31, 2012, was an after-tax charge of $1.61 per share associated with Repwest’s third quarter excess workers’ compensation reserve strengthening. Excluding this after-tax charge, adjusted earnings were $11.70 per share for the year ended March 31, 2012.
For the quarter ended March 31, 2012, the Company reported net earnings available to common shareholders of $25.4 million, or $1.29 per share, compared with net earnings of $10.2 million, or $0.52 per share for the same period last year.