U-Haul Holding Company Reports Fiscal 2023 Financial Results

May 30, 2023 Download

RENO, Nev. (May 30, 2023)--U-Haul Holding Company (NYSE: UHAL, UHAL.B), 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, 2023, of $923.0 million, compared with $1,123.3 million for the same period last year.

For the quarter ended March 31, 2023, the Company reported net earnings available to shareholders of $37.7 million compared with net earnings of $86.7 million, for the same period last year.

“Overall moving activity has returned to more historic trends. Self-storage is not as hot as 24 months ago, but we are still building and filling new units,” stated Joe Shoen, chairman of U-Haul Holding Company. “We continue to work on our competitive position, shoring up weak spots and improving our service to the customer.”