Amerco Company profile
About AMERCO
AMERCO is the holding company for U-Haul International, Inc. (U-Haul), Amerco Real Estate Company (Real Estate), Repwest Insurance Company (Repwest), and Oxford Life Insurance Company (Oxford). The Company operates through three segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment consist of the rental of trucks and trailers, sales of moving supplies, sales of towing accessories, sales of propane, and the rental of fixed and portable moving and storage units to the do-it-yourself mover and management of self-storage properties owned by others. The Property and Casualty Insurance segment provides loss adjusting and claims handling for U-Haul through regional offices in the United States and Canada. The Life Insurance segment provides life and health insurance products primarily to the senior market through the direct writing and reinsuring of life insurance, Medicare supplement and annuity policies.
Financial summary
BRIEF: For the nine months ended 31 December 2021, AMERCO revenues increased 30% to $4.54B. Net income increased 93% to $1.04B. Revenues reflect Moving and Storage Operations segment increase of 32% to $4.29B, Property/Casualty Insurance segment increase of 32% to $82.8M, Life Insurance segment increase of 3% to $176.1M, United States segment increase of 30% to $4.31B, Canada segment increase of 43% to $234.1M.
Equity composition
Common Stock $.25 Par, 12/10, 150M auth., 41,985,700 issd., less 22,377,912 shs. in Treas. @ $525.7M. Insiders control 70.52%. Sr. A Common $.25 Par, 10M auth., 6.1Missd. PO 12/96, 2.5M shs (2.25M byCo.) @ $35 by Salomon Brothers.
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