General Info

Based in La Jolla, Calif., PICO Holdings is a diversified holding company that seeks to acquire businesses and interests in businesses, where fundamental analysis of assets, earnings and cash flow indicated undervalue. PICO is primary interested in long-established businesses, with a history of operating successfully through industry cycles, recessions and geo-political disruptions. Additionally, PICO is interested in acquiring companies with value in its land and other tangible assets, rather than in its operating business. The company s main objective is to generate long-term growth in shareholders equity. In September 2005, PICO reported shareholders equity of $288 million.