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September 2023
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Document and Entity Information | 3 Months Ended |
---|---|
Jun. 30, 2022 shares | |
Document and Entity Information [Abstract] | |
Entity Registrant Name | AMERCO |
Entity Central Index Key | 0000004457 |
Entity Current Reporting Status | Yes |
Entity Small Business | false |
Current Fiscal Year End Date | --03-31 |
Entity Filer Category | Large Accelerated Filer |
Entity Emerging Growth Company | false |
Document Fiscal Year Focus | 2023 |
Trading Symbol | UHAL |
Document Type | 10-Q |
Document Fiscal Period Focus | Q1 |
Document Period End Date | Jun. 30, 2022 |
Amendment Flag | false |
Entity Common Stock, Shares Outstanding | 19,607,788 |
Entity Shell Company | false |
Entity Interactive Data Current | Yes |
Entity File Number | 001-11255 |
Entity Tax Identification Number | 88-0106815 |
Entity address, address line one | 5555 Kietzke Lane |
Entity address, address line two | Suite 100 |
Entity address, City or Town | Reno |
Entity address, State or Province | NV |
Entity address, postal zip code | 89511 |
City Area Code | 775 |
Local Phone Number | 688-6300 |
Entity Incorporation, State or Country Code | NV |
Title of 12(b) Security | Common Stock, $0.25 par value |
Security Exchange Name | NASDAQ |
Document Quarterly Report | true |
Document Transition Report | false |
Please wait while we load the requested 10-Q report or click the link below:
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Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Amerco.
Amerco's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:
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Even if we execute our plans, we could see declines in revenues primarily due to unforeseen events including adverse economic conditions or heightened competition that is beyond our control.
The various sections of this MD&A contain a number of forward-looking statements, as discussed under the caption, Cautionary Statements Regarding Forward-Looking Statements, all of which are based on our current expectations and could be affected by the uncertainties and risks described throughout this filing or in our most recent Annual Report on Form 10-K for the fiscal year ended March 31, 2022.
The change resulted from net earnings of $6.6 million and a decrease in other comprehensive income of $13.2 million due to the decrease in market value of its investment portfolio.
The decrease was due to a favorable loss experience.
Total costs and expenses increased $128.0 million during the first quarter of fiscal 2023, compared with the first quarter of fiscal 2022.
If we intend to sell...Read more
39 Total costs and expenses...Read more
Cash from the sales of...Read more
Net investment and interest income...Read more
Net cash provided by financing...Read more
Life premiums decreased $1.1 million...Read more
The change resulted from net...Read more
Other revenue increased $29.9 million...Read more
Other revenue increased $29.6 million...Read more
This was partially offset by...Read more
Life benefits decreased $1.5 million...Read more
Sales of self-moving and self-storage...Read more
Sales of self-moving and self-storage...Read more
The growth in revenues and...Read more
The growth in revenues and...Read more
Fiscal 2023 Outlook We will...Read more
Premiums on the remaining lines...Read more
A decrease of $1.5 million...Read more
Property and casualty insurance premiums...Read more
The first quarter of fiscal...Read more
The first quarter of fiscal...Read more
38 Moving and Storage Quarter...Read more
36 Results of Operations AMERCO...Read more
Self-storage revenues increased $35.8 million...Read more
Self-storage revenues increased $35.8 million...Read more
Operating expenses for Moving and...Read more
Operating expenses increased $118.0 million....Read more
Revenue per transaction for both...Read more
This was due to increased...Read more
Revenue per transaction for both...Read more
This was due to increased...Read more
Life Insurance is pursuing its...Read more
The premium increase corresponded with...Read more
Net cash provided by operating...Read more
Liquidity and Capital Resources -...Read more
For our insurance subsidiaries, net...Read more
The main driver of the...Read more
We believe that our basic...Read more
General We begin Management's Discussion...Read more
Liquidity and Capital Resources We...Read more
This was offset by a...Read more
Our primary focus is to...Read more
Net investment and interest income...Read more
Capital and operating budgets allow...Read more
Repair costs associated with the...Read more
Repair costs associated with the...Read more
Over the last twelve months,...Read more
Over the last twelve months,...Read more
Other increases included personnel, liability...Read more
Other increases included personnel, liability...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Amerco provided additional information to their SEC Filing as exhibits
Ticker: UHAL
CIK: 4457
Form Type: 10-Q Quarterly Report
Accession Number: 0000004457-22-000074
Submitted to the SEC: Wed Aug 03 2022 4:06:13 PM EST
Accepted by the SEC: Wed Aug 03 2022
Period: Thursday, June 30, 2022
Industry: Auto Rental And Leasing No Drivers