Amerco.com News, Events, and QAs

Oxford Life Insurance Company Ratings Affirmed by A.M. Best

Thu, 02 May 2013 00:00:00 GMT

RENO, Nev. (May 2, 2013)--AMERCO (Nasdaq: UHAL) announced today that A. M. Best Company, the world's oldest and most authoritative insurance rating and information source, has affirmed the financial strength rating (FSR) of B++(Good) and issuer credit ratings (ICR) of “bbb+” of its subsidiary Oxford Life Insurance Company (Oxford Life). This rating also applies to Oxford Life’s subsidiary, Christian Fidelity Life Insurance Company. The outlook for all ratings remains positive.

AMERCO REPORTS THIRD QUARTER FISCAL 2013 FINANCIAL RESULTS

Wed, 06 Feb 2013 00:00:00 GMT

RENO, Nev. (February 6, 2013)--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 its third quarter ended December 31, 2012, of $36.8 million, or $1.89 per share, compared with $0.7 million, or $0.04 per share, for the same period last year. Included in the results for December 31, 2011, was an after-tax charge of $1.61 per share associated with Repwest’s excess workers’ compensation reserve strengthening. Taking into account this after-tax charge, adjusted earnings were $1.65 per share for the three months ended December 31, 2011.

For the nine-month period ended December 31, 2012, net earnings available to common shareholders were $226.8 million, or $11.62 per share, compared with net earnings of $171.1 million, or $8.79 per share for the same period last year. Included in the results for December 31, 2011, was the after-tax charge of $1.61 per share associated with Repwest’s excess workers’ compensation reserve strengthening. Taking into account this after-tax charge, adjusted earnings were $10.40 per share for the nine months ended December 31, 2011. The first nine months of the last fiscal year also included a $0.30 per share one time charge related to the redemption of our Series A 8½% Preferred Stock.

AMERCO REPORTS THIRD QUARTER FISCAL 2013 FINANCIAL RESULTS

Wed, 06 Feb 2013 00:00:00 GMT

FY 2013 3rd Quarter 10-Q

Wed, 06 Feb 2013 00:00:00 GMT

AMERCO Schedules Third Quarter Fiscal 2013 Financial Results Release and Investor Webcast

Mon, 04 Feb 2013 00:00:00 GMT

You are invited to listen to the AMERCO Second Quarter Fiscal 2013 Investor Call and Webcast on February 7, 2013 at 8 am Arizona Time.

AMERCO REPORTS SECOND QUARTER FISCAL 2013 FINANCIAL RESULTS; BOARD DECLARES SPECIAL CASH DIVIDEND OF $5.00 PER SHARE

Wed, 07 Nov 2012 00:00:00 GMT

RENO, Nev. (November 7, 2012)--AMERCO (Nasdaq: UHAL), parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, today reported its financial results for the second quarter ended September 30,2012, and its Board of Directors declared a special cash dividend of $5.00 per share, payable on November 30, 2012 to stockholders of record as of November 19, 2012.

AMERCO’s net earnings available to common shareholders for its second quarter ended September 30, 2012 were $109.4 million, or $5.61 per share, compared with net earnings of $101.2 million, or $5.20 per share, for the same period last year.

For the six-month period ended September 30, 2012, net earnings available to common shareholders were $190 million, or $9.74 per share compared with net earnings of $170.4 million, or $8.75 per share, for the same period last year. The first six months of the last fiscal year included a $0.30 per share one-time charge related to the redemption of our Series A 8½% Preferred Stock.

“Our Moving and Self-Storage segment continues to produce strong results,” stated Joe Shoen, chairman of AMERCO. “We will continue to work hard to build on this success as we enter our traditionally slower fall and winter quarters.

“Hurricane Sandy affected operations at about 100 Company operated locations, all but one are now open. We have storm-damaged buildings, rental equipment and customer’s belongings. It will be weeks before we can assess the storm’s financial impact,” concluded Shoen.

AMERCO Schedules Second Quarter Fiscal 2013 Financial Results Release and Investor Webcast

Thu, 01 Nov 2012 00:00:00 GMT

You are invited to listen to the AMERCO Second Quarter Fiscal 2013 Investor Call and Webcast on November 8, 2012 at 8 am Arizona Time.

AMERCO to Participate in CL King’s Best Ideas Conference 2012

Tue, 11 Sep 2012 00:00:00 GMT

Reno, Nev. September 11, 2012, AMERCO (Nasdaq: UHAL), parent of U-Haul International, Inc., North America’s largest “do-it-yourself” moving and storage operator will participate in CL King’s 10th Annual Best Ideas Conference, to be held Wednesday and Thursday, September 12-13, 2012, at the Omni Berkshire Place Hotel (52nd and Madison) in New York City.

AMERCO’s presentation, which will be webcast live, begins at 2:40 p.m. ET, on Wednesday, September 12th, followed by a 25-minute Q&A breakout session. Jason Berg, chief accounting officer will be presenting for the company. A copy of our presentation is attached.

Access the event at http://wsw.com/webcast/clk10/uhal/.

AMERCO Investor Presentation

Tue, 11 Sep 2012 00:00:00 GMT

AMERCO Announces Sixth Annual Virtual Analyst and Investor Meeting

Mon, 27 Aug 2012 00:00:00 GMT

RENO, Nev. (August 27, 2012)— AMERCO (Nasdaq: UHAL), parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company announced today that it will hold its sixth annual virtual analyst and investor meeting on Thursday, August 30, 2012 at 11 a.m. Arizona time (2 p.m. Eastern Time).

AMERCO announces Dismissal with Prejudice by Plaintiffs Alan Kahn and Paul Shoen

Wed, 22 Aug 2012 00:00:00 GMT

RENO, Nev. (August 22, 2012)— AMERCO (Nasdaq: UHAL), parent of U-Haul International, Inc., and Amerco Real Estate announced all remaining plaintiffs in the AMERCO shareholder derivative litigation filed a Dismissal with Prejudice. This terminates with prejudice such litigation in its entirety.

In front of the honorable Judge Flanagan in Reno, NV, former AMERCO insider Paul Shoen, and “quasi-mythical” serial plaintiff Alan Kahn dismissed their derivative lawsuit claims with prejudice. Each plaintiff also covenanted to dispose of all AMERCO securities currently held and to abstain from such holdings for 20 years.

“This ends nine years and 10 months of baseless harassing litigation,” stated Joe Shoen, chairman of AMERCO. “Just prior to the start of live testimony, plaintiffs caved. This dismissal vindicates the Board’s actions. Our Board works hard for our shareholders. These two plaintiffs caused the waste of shareholders’ money. Now they are gone and we are moving on,” said Shoen.

The suit, which was captioned Paul F. Shoen vs. SAC Holding Corporation et al., CV 02-05602, consolidated with CV02-06331, CV03-02486 and CV03-02617, Second Judicial District Court, Washoe County, Nevada, had been pending against AMERCO, SAC Holding Corporation and certain of its affiliates, and certain current and former members of the AMERCO Board of Directors, as defendants. There is no fee or payment of any form to the plaintiffs in connection with their Dismissal with Prejudice of the litigation.

“Defendants’ trial team of Jack Londen, Mark McDonald, Leo Beus and Steve Peek was ready to start the evidentiary hearing when the dismissal of all claims was announced,” said company spokesperson, Jennifer Flachman. “AMERCO General Counsel, Larry De Respino and Assistant General Counsel, Kristine Campbell assembled the legal team that finally put an end to this assault on the company.”

“It is hard to defend the company against unsubstantiated claims, but when confronted with having to offer admissible evidence, subject to the test of cross examination, plaintiffs dropped their claims with prejudice and left town,” said AMERCO Director, John Dodds. “Our customers, employees and stockholders had to foot the bill for plaintiffs’ now forever dismissed claims. We are glad to close the book on this matter and get on with serving our customers in a superior manner,” concluded Dodds.

AMERCO REPORTS FIRST QUARTER FISCAL 2013 FINANCIAL RESULTS

Wed, 08 Aug 2012 00:00:00 GMT

RENO, Nev. (August 8, 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 its first quarter ended June 30, 2012, of $80.6 million, or $4.13 per share, compared with net earnings of $69.2 million, or $3.56 per share, for the same period last year. The first quarter of fiscal 2012 included a $0.30 per share one-time charge related to the redemption of our Series A 8½% Preferred Stock.

AMERCO Schedules First Quarter Fiscal 2013 Financial Results Release and Investor Webcast

Fri, 03 Aug 2012 00:00:00 GMT

You are invited to listen to the AMERCO First Quarter Fiscal 2013 Investor Call and Webcast on August 9, 2012, at 8:00 am Arizona Time.

Oxford Life Insurance Company Among Top 50 Insurance Companies

Thu, 19 Jul 2012 00:00:00 GMT

Phoenix – July 19, 2012 – Oxford Life Insurance Company today announced that it has been named one of Ward’s 50 Benchmark Group of top performing insurance companies.

AMERCO 2012 Annual Report

Wed, 18 Jul 2012 00:00:00 GMT

July 13, 2012

Dear Fellow Shareholders,

We continued to post good accounting results through fiscal 2012. U-Haul® team members have been steadily increasing the quality of our customer service and it shows in our results. I am proud of our performance and along with 20,000 team members and 16,000 U-Haul Dealers, I am working to do better.

The macro environment remains blurred to me. Just how the Euro, the Dollar and the US Government will impact AMERCO, I am not able to foretell. We are not spending our time on these matters.

Time has been spent this year conforming more AMERCO operations to the principle of subsidiarity. Subsidiarity is a sound business principle first used conceptually in Catholic social teaching. The principle holds that human affairs are best handled at the lowest possible level, closest to the affected persons. This applies directly to how we organize and manage our U-Haul Centers and Dealers. The result sought is to be more responsive to our customer and more decent with our individual team member. We have more progress to make here. We are working on this, while keeping an eye on the macro environment.

Existing self-move and self-store competitors remain strong. They appear to be well financed and staffed. We can expect them to fight us for the customers’ patronage.

The U-Haul rental truck fleet rotation plan continued through fiscal 2012 and the plan is to continue it through fiscal 2013 with modest net additions to our truck and trailer rental fleets.

Our self-storage program remains steady. We are adding owned and managed space as well as affiliate locations.

RepWest Insurance made a decision to strengthen reserves on some run-off business on its books. This resulted in a $48.3 million pretax charge to earnings. We believe these increased reserves better reflect RepWest’s position.

AMERCO entities continue to try to manage with a focus on long-term value. Our sustainability initiatives are working and may expand in the current year. College Boxes, eMove, Moving Help, U- Haul Car Share and U-Box businesses are investments in the future.

U-Haul is committing increased dollars and personnel to electronic marketing. Most of this work is done in-house. You should expect us to be competitive here.

Our Primary Service Objective is, “To provide a better and better product and service to more and more people at a lower and lower cost.” We remain committed to this objective.

My thanks to our customers, team members, U-Haul dealers, shareholders and lenders for their support.

Sincerely,

E.J. “Joe” Shoen

AMERCO REPORTS FISCAL 2012 FINANCIAL RESULTS

Wed, 06 Jun 2012 00:00:00 GMT

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.

AMERCO Form 10-K 2012

Wed, 06 Jun 2012 00:00:00 GMT

AMERCO REPORTS FISCAL 2012 FINANCIAL RESULTS

Wed, 06 Jun 2012 00:00:00 GMT

AMERCO FISCAL 2012 Proxy

Wed, 06 Jun 2012 00:00:00 GMT

AMERCO Fourth Quarter and Fiscal 2012 Year-End Investor Call

Thu, 31 May 2012 00:00:00 GMT

You are invited to listen to the AMERCO Fourth Quarter Fiscal 2012 Year-End Investor Call and Webcast on June 7, 2012, at 8:00 am Arizona Time.

What is the Ever-Green Program?

Thu, 26 Feb 2009 14:20:25 GMT

The Ever-Green Program is a conservation-focused suite of e-services for our registered common and preferred stockholders. It includes paperless account statements, 1099 tax forms and more. For each stockholder who signs up for MLink, a free program with our transfer agent, AMERCO will make a donation to The Nature Conservatory.

For more information about the Ever-Green Program, please visit www.mellon.com/mis/shareowner/evergreen.html

In order to sign up for MLink and participate in the Ever-Green program, please log into your ISD account by accessing the following website, then follow the MLink prompts. www.bnymellon.com/shareowner/isd

When was AMERCO incorporated?

Mon, 04 Feb 2008 14:49:10 GMT

AMERCO was incorporated in 1969.

I have a non-investor relations question, or want to provide feedback on this Web site. How can I contact you?

Mon, 04 Feb 2008 14:48:19 GMT

Please email your question to investor_relations@amerco.com. It will be helpful to include the nature of your question or comment in the subject line of your email.

Who is the Independent Public Accountant for AMERCO?

Mon, 04 Feb 2008 14:47:20 GMT

BDO USA, LLP

Does AMERCO have a direct share purchase program?

Mon, 04 Feb 2008 14:16:20 GMT

The Company does not currently have a direct share purchase program.

How can I receive a copy of the annual report?

Mon, 04 Feb 2008 14:05:24 GMT

As part of the U-Haul System’s corporate-wide sustainability initiative we encourage analysts and investors interested in learning more about our operations to view and download a copy of the Company’s 2011 Annual Report. If you do not have the resources to view and download a copy of the report, please email your request to investor_relations@amerco.com.You can also mail a request for information to: Investor Relations, AMERCO, 1325 Airmotive Way, Reno, NV 89502

What can the stock transfer agent help me with?

Mon, 04 Feb 2008 13:46:21 GMT

Mellon Investor Services can help registered shareholders with the following information.

Stock transfers
Name & address changes
Registration changes
Dividend payment information
Lost stock certificates
Converting your physical stock certificate into electronic/book entry format
Converting your account to paperless format

If you are a U-Haul employee and participate in the Employee Stock Ownership Program (ESOP) and have questions, please contact the U-Haul Human Resources Department at (602) 263-6625.

Who is the transfer agent for AMERCO?

Mon, 04 Feb 2008 13:42:37 GMT

Computershare
199 Water Street, 26th Floor
New York, NY 10038
(212) 805-7100
www.computershare.com/investor

When and where will the next Annual Meeting of Stockholders of AMERCO be held?

Mon, 04 Feb 2008 13:25:19 GMT

The 2014 Annual Meeting of AMERCO Stockholders will be held in August 2013 through a virtual platform on the Internet. Stockholders of AMERCO will receive information about the meeting in their proxy notification mailing. Stockholders are encouraged to check this website closer to the date of the meeting for further details.

When is AMERCO’s fiscal year?

Mon, 04 Feb 2008 13:05:16 GMT

AMERCO’s fiscal year begins April 1 and ends March 31.