Form Type:  DEFA14A
Filing Date:  4/17/2020 
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: 
0.15 (1.71%)  
Trade Time: 
Sep 25  
Market Cap: 
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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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