U-Haul Parent Company Reports Losses

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AMERCO, parent company of U-Haul International Inc., this week reported losses for the fiscal year ended March 31, 2009. Net earnings available to common shareholders for the year were $447,000, or $0.02 per share, compared with $54.8 million, or $2.78 per share, for the same period last year.
 
For the quarter ending March 31, the company reported a net loss to common shareholders of $38.5 million, or $1.99 per share, compared with a net loss of $17.3 million, or $.85 per share for the same period in 2008. Self-storage revenue for AMERCO's moving and storage segment increased $205,000 in the fourth quarter of fiscal 2009 compared with the same period last year.
 
AMERCO held an investor call for the fiscal year 2009 on June 4. To hear a replay, visit www.amerco.com

In addition to U-Haul, AMERCO is the parent company of AMERCO Real Estate Co., Republic Western Insurance Co. and Oxford Life Insurance Co..
 
Source: Phoenix Business Journal, AMERCO Reports Fiscal 2009 Financial Results

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