Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in this Registration Statement on Form S-3 of our reports dated March 9, 2006, relating to the consolidated financial statements and financial statement schedules of PICO Holdings, Inc. and management's report on the effectiveness of internal control over financial reporting appearing in the Annual Report on Form 10-K of PICO Holdings, Inc. for the year ended December 31, 2005 and to the reference to us under the heading “Experts” in the Prospectus, which is part of this Registration Statement.