Pico Holdings, Inc. (PICO) Swings to Q3 Loss

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PICO Holdings, Inc. Announces Results for the Third Quarter and First Nine Months of 2014

November 10, 2014 5:06 PM EST

LA JOLLA, Calif., Nov. 10, 2014 (GLOBE NEWSWIRE) -- PICO Holdings, Inc. (Nasdaq: PICO) reported shareholders' equity of $455.1 million ($19.99 per share) at September 30, 2014, compared to $464.5 million ($20.40 per share) at June 30, 2014 and $472.9 million ($20.79 per share) at December 31, 2013.

Third Quarter Segment Results of Operations

For the third quarter of 2014, PICO reported a net loss of $9.9 million ($0.44 per share), compared to a net income of $8.2 million ($0.36 per share) in the third quarter of 2013. Our third quarter segment results of operations are (in thousands):

  2014 2013 Revenue by operating segment:     Water resource and water storage operations... More