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2008 Press Releases

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11/07/08PICO Holdings, Inc. Announces Results for the Third Quarter and First Nine Months of 2008
LA JOLLA, Calif., Nov 7, 2008 (GlobeNewswire via COMTEX News Network) -- PICO Holdings, Inc. (Nasdaq:PICO) reported shareholders' equity of $501.3 million ($26.61 per share) at September 30, 2008, compared to $518.6 million ($27.53 per share) at June 30, 2008, and $525.9 million ($27.92 per share) at December 31, 2007. In July, Vidler Water Company, Inc. sold its remaining interest of 30,000 acre-feet of storage capacity in the Semitropic Water Banking and Exchange Program in California for $... 
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08/11/08PICO Holdings, Inc. Announces Results for the Second Quarter and First Half of 2008
LA JOLLA, Calif., Aug 11, 2008 (PrimeNewswire via COMTEX News Network) -- PICO Holdings, Inc. (Nasdaq:PICO) reported shareholders' equity of $518.6 million ($27.53 per share) at June 30, 2008, compared to $525.1 million ($27.88 per share) at March 31, 2008, and $525.9 million ($27.92 per share) at December 31, 2007. In April, PICO sold its 22.5% shareholding in Jungfraubahn Holding AG, a publicly-traded Swiss corporation which operates railway and related tourism and transport activities in t... 
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07/03/08PICO Holdings, Inc. Sells Its Remaining Interest in Semitropic Water Storage Facility
LA JOLLA, Calif., Jul 3, 2008 (PrimeNewswire via COMTEX News Network) -- PICO Holdings, Inc. (Nasdaq:PICO) announced today that its wholly-owned subsidiary, Vidler Water Company, Inc., has assigned its remaining rights and obligations in the Semitropic Water Banking and Exchange Program for total cash sale proceeds of $11.7 million. The purchaser was San Diego County Water Authority, a public water agency serving San Diego County, California. The interest assigned to San Diego County Water Aut... 
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05/13/08PICO Holdings, Inc. to Host Investor Update Conference Call and Webcast on May 19 at 4:30 PM Eastern Time/1:30 PM Pacific Time
La Jolla, Calif. - May 13, 2008 - PICO Holdings, Inc. (NASDAQ: PICO) today announced that senior management will host an Investor Update conference call and audio webcast on Monday, May 19 at 4:30 p.m. Eastern time/1:30 p.m. Pacific time.  On the call, management will provide a summary of a presentation made at the Company's annual shareholders' meeting (to be held on May 16, 2008) for those investors who were unable to attend the meeting, followed by a question and answer session. To participa... 
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05/09/08PICO Holdings, Inc. Announces Results for the First Quarter of 2008
(LA JOLLA, CALIFORNIA)-May 9, 2008-PICO Holdings, Inc. (NASDAQ: PICO) reported shareholders' equity of $525.1 million ($27.88 per share) at March 31, 2008, compared to shareholders' equity of $525.9 million ($27.92 per share) at December 31, 2007, and $513.9 million ($27.48 per share) at March 31, 2007.  During the first quarter of 2008, shareholders' equity declined by $737,000, and book value per share decreased by 0.1%.   Commenting on the quarter, PICO's President and Chief Executive Office... 
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04/22/08PICO Holdings, Inc. Sells its Interest in Jungfraubahn Holding AG
(LA JOLLA, CALIFORNIA)-April 22, 2008-PICO Holdings, Inc. (NASDAQ: PICO) announced today that its wholly-owned Swiss subsidiary, Global Equity AG, sold its entire position of 1,312,907 shares in Jungfraubahn Holding AG for 57.70 Swiss Francs ("CHF") per share, resulting in gross sale proceeds of CHF 75.8 million (approximately US$75.8 million). The sale is expected to generate a pre-tax gain of approximately US$45 million in PICO Holdings' consolidated statement of operations for the quarter e... 
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02/29/08PICO Holdings, Inc. Announces Fourth Quarter & Full Year 2007 Results and the Election of John D. Weil as Chairman
LA JOLLA, Calif. - Feb. 29, 2008 - PICO Holdings, Inc. reported shareholders' equity of $525.9 million ($27.92 per share) at December 31, 2007, compared to shareholders' equity of $405.2 million ($25.52 per share) at the end of 2006. A net loss of $1.3 million ($0.07 per share) was recorded for 2007, compared to net income of $29.2 million ($1.95 per share) in 2006. During 2007, shareholders' equity increased by $120.7 million, representing growth in book value per share of 9.4%. The principa... 
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