AMERCO (UHAL) Wednesday reported a higher fourth-quarter profit, on growth at its main subsidiary, U-Haul International Inc.
AMERCO, through its subsidiary, U-Haul International Inc., supplies products and services to facilitate people move and store their household and commercial goods. AMERCO also operates in the insurance and real estate businesses.
The Reno, Nevada-based company posted quarterly net income to common shares of $37.9 million or $1.93 a share, up from $25 million or $1.29 a share last year.
Revenues for the quarter rose to $564 million from $525.7 million a year ago.
At its main self-moving equipment rental business, revenue for the quarter grew 6.6 percent, compared with last year, and self-storage revenues were up 17.7 percent.
Life insurance premiums for the quarter declined by about $7 million, while net investment and insurance income was higher by $10 million.
AMERCO closed Wednesday at $170.73, down 1.03%, on a volume of 40 thousand shares on the Nasdaq.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.