Segment Reporting

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

PICO is a diversified holding company engaged in the following operating and reportable segments: Water Resource and Water Storage Operations, Real Estate Operations, Corporate, and Discontinued Agribusiness Operations. The accounting policies of the reportable segments are the same as those described in the Company’s 2014 Annual Report on Form 10-K filed with the SEC.

Management analyzes segments using the following information:

Segment assets (in thousands):

	September 30, 2015		December 31, 2014
Assets:
Water resource and water storage operations	$	185,677	$	186,294
Real estate operations	427,993		384,855
Corporate	48,128		80,741
Discontinued agribusiness operations	14,028		152,554
Total assets	$	675,826	$	804,444

Segment revenues and income (loss) before taxes (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Revenue and other income:
Water resource and water storage operations	$	3,468		$	1,087		$	4,191		$	1,464
Real estate operations	73,777			55,794			172,243			145,212
Corporate	846			2,277			(17,911		)	6,455
Total revenue and other income	$	78,091		$	59,158		$	158,523		$	153,131
Income (loss) before income taxes:
Water resource and water storage operations	$	834		$	(1,131	)	$	(1,907	)	$	(4,965	)
Real estate operations	3,839			(795		)	(1,661		)	(6,251		)
Corporate	(3,574		)	(3,063		)	(31,248		)	(7,224		)
Income (loss) from continuing operations before income taxes and equity in loss of unconsolidated affiliates	$	1,099		$	(4,989	)	$	(34,816	)	$	(18,440	)