<SEC-DOCUMENT>0000830122-14-000140-index.html : 20141224
<SEC-HEADER>0000830122-14-000140.hdr.sgml : 20141224
<ACCEPTANCE-DATETIME>20141224140648
ACCESSION NUMBER:		0000830122-14-000140
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20141224
DATE AS OF CHANGE:		20141224

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PICO HOLDINGS INC /NEW
		CENTRAL INDEX KEY:			0000830122
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE [6500]
		IRS NUMBER:				942723335
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-200222
		FILM NUMBER:		141309892

	BUSINESS ADDRESS:	
		STREET 1:		7979 IVANHOE AVENUE
		STREET 2:		STE 300
		CITY:			LA JOLLA
		STATE:			CA
		ZIP:			92037
		BUSINESS PHONE:		6194566022

	MAIL ADDRESS:	
		STREET 1:		7979 IVANHOE AVENUE
		STREET 2:		STE 300
		CITY:			LA JOLLA
		STATE:			CA
		ZIP:			92037

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CITATION INSURANCE GROUP
		DATE OF NAME CHANGE:	19940527
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>prospectus.htm
<DESCRIPTION>PROSPECTUS
<TEXT>
Document 1 - file: prospectus.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>picologonew.jpg
<DESCRIPTION>PICO LOGO
<TEXT>
Document 2 - file: picologonew.jpg

</DOCUMENT>
</SEC-DOCUMENT>