Company:  PICO HOLDINGS INC /NEW (PICO)
Form Type:  10-K
Filing Date:  3/13/2020 
CIK:  0000830122 
Address:  3480 GS RICHARDS BLVD
STE 101
 
City, State, Zip:  CARSON CITY, Nevada 89703 
Telephone:  877-885-0050 
Fiscal Year:  07/24 
Last Trade
Last Trade: 
$8.63  
Change: 
-0.45 (-4.96%)  
Trade Time: 
04:00 PM EST  
Market Cap: 
$163.58M
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© 2020  
Description of Business
PICO Holdings, Inc. is a holding company incorporated in 1981. In this Annual Report on Form 10-K, PICO and its subsidiaries are collectively referred to as "PICO," the "Company," or by words such as "we," "us," and "our." Our business is primarily operated through our wholly owned subsidiary, Vidler Water Company, Inc. ("Vidler"). Our objective is to maximize long-term shareholder value. Currently, we believe the highest potential return to our shareholders is from a return of capital. As we monetize assets, rather than reinvest the proceeds, we intend to return capital back to shareholders through a stock repurchase program or by other means such as special dividends. Nonetheless, we may, from time to time, reinvest a portion of proceeds from asset monetizations in further development of existing assets, if we believe the returns on such reinvestment outweigh the benefits of a return of capital.
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  FORM 10-K
    PART I
      ITEM 1. BUSINESS
        NAME AND TITLE
      ITEM 1A: RISK FACTORS
        COMPARISON OF HISTORICAL FINANCIAL STATEMENTS, INCLUDING ...
      ITEM 1B. UNRESOLVED STAFF COMMENTS
      ITEM 2. PROPERTIES
      ITEM 3. LEGAL PROCEEDINGS
      ITEM 4. MINE SAFETY DISCLOSURES
    PART II
      ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED ...
      ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL ...
        LIQUIDITY AND CAPITAL RESOURCES -- YEARS ENDED DECEMBER 31, ...
      ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
        INCOME STATEMENT
        REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
        BALANCE SHEET
        INCOME STATEMENT
        INCOME STATEMENT
        STOCKHOLDERS EQUITY
        STOCKHOLDERS EQUITY
        CASH FLOW
        NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
      ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ...
      ITEM 9A. CONTROLS AND PROCEDURES
      REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
      ITEM 9B. OTHER INFORMATION
    PART III
      ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
      ITEM 11. EXECUTIVE COMPENSATION
      ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND ...
      ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND ...
      ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
    PART IV
      ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
    SIGNATURES
  EXHIBIT 21.1
    SUBSIDIARIES
  EXHIBIT 23.1
    CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
  EXHIBIT 31.1
    CERTIFICATION BY CHIEF EXECUTIVE OFFICER PURSUANT TO RULE ...
  EXHIBIT 31.2
    CERTIFICATION BY CHIEF FINANCIAL OFFICER PURSUANT TO RULE ...
  EXHIBIT 32.1
    CERTIFICATION BY CHIEF EXECUTIVE OFFICER PURSUANT TO
  EXHIBIT 32.2
    CERTIFICATION BY CHIEF FINANCIAL OFFICER PURSUANT TO