CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
ASSETS
Cash and cash equivalents	$ 138,039	$ 100,115
Investments ($50.6 million and $48.5 million measured at fair value at December 31, 2013 and 2012, respectively)	78,657	50,524
Real estate and water assets, net	254,208	212,280
Property, plant and equipment, net	123,444	128,654
Intangible water assets	124,880	130,058
Other assets	43,324	45,543
Total assets	762,552	667,174
LIABILITIES AND SHAREHOLDERS’ EQUITY
Debt	136,767	141,008
Accounts payable, accrued expenses and other liabilities	36,780	25,063
Deferred compensation	24,160	22,607
Total liabilities	197,707	188,678
Commitments and Contingencies
Common stock, $.001 par value; authorized 100,000 shares, 25,821 issued and 22,747 outstanding at December 31, 2013, and 25,807 issued and 22,734 outstanding at December 31, 2012.	26	26
Additional paid-in capital	546,307	526,591
Retained (deficit) earnings	(17,083)	5,215
Accumulated other comprehensive income (loss)	232	(2,014)
Treasury stock, at cost (common shares: 3,073 in 2013 and 2012)	(56,593)	(56,593)
Total PICO Holdings, Inc. shareholders’ equity	472,889	473,225
Noncontrolling interest in subsidiaries	91,956	5,271
Total shareholders’ equity	564,845	478,496
Total liabilities and shareholders’ equity	$ 762,552	$ 667,174