| Business Summary | | PICO
Holdings,
Inc.
is
a
diversified
holding
company
that
acquires
interests
in
companies
that
its
management
believes:
are
undervalued
at
the
time
the
Company
buys
them;
and
have
the
potential
to
provide
a
superior
rate
of
return
over
time,
after
considering
the
risk
involved.
The
Company's
major
activities
are:
owning
and
developing
land
and
the
related
mineral
rights
and
water
rights
through
Nevada
Land
&
Resource
Company,
LLC;
owning
and
developing
water
rights
and
water
storage
operations
through
Vidler
Water
Company,
Inc.;
property
and
casualty
insurance;
"running
off"
the
loss
reserves
of
the
Company's
medical
professional
liability
insurance
companies;
and
making
long
term
value-based
investments
in
other
public
companies. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PICO
is
a
holding
company
operating
in
five
segments:
portfolio
investing,
property
and
casualty
insurance,
life
and
health
insurance,
medical
malpractice
liability
insurance,
and
other.
For
the
six
months
ended
6/30/01,
total
revenues
increased
72%
to
$36.4
million.
Net
loss
before
accounting
change
rose
9%
to
$3.7
million.
Results
reflect
the
sale
of
water
rights
and
land
in
the
Harquahala
Valley,
offset
by
the
increase
in
underwritting
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Ronald Langley, 56 Chairman | $820K | John Hart, 41 Pres,
CEO | 820K | Gary Burchfield, 54 CFO
and Treasurer | 169K | James Mosier, 53 Gen.
Counsel, Sec. | 157K | Richard Sharpe, 45 COO | 225K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|