| PICO Holdings, Inc. is a diversified holding company. The Company's major businesses are: Vidler Water Company, Inc., which develops & owns water rights & water storage operations; Nevada Land & Resource Company, LLC, which owns land & the related mineral rights and water rights; Citation Insurance Company, which is running off its historical property & casualty loss reserves; Physicians Insurance Company of Ohio, which is running off its medical professional liability loss reserves, & Sequoia Insurance Company (Sequoia), which writes property and casualty insurance in California & Nevada. Sequoia's core business is property & casualty insurance in California and Nevada, focusing on the niche markets of commercial insurance for small to medium-sized businesses and farm insurance. Sequoia also writes selected lines of personal insurance in California. In March 2003, the Company sold Sequoia. |
