-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 ASQ3CROtplM92mPtf5iL/gEDUIjAq3v/XZj4mwhYnCkGZ0zHO1YZae/dAjjHdqFt
 RqX+8adZI5wcdlxkqFdPKA==

<SEC-DOCUMENT>0001209191-03-012606.txt : 20030721
<SEC-HEADER>0001209191-03-012606.hdr.sgml : 20030721
<ACCEPTANCE-DATETIME>20030721141835
ACCESSION NUMBER:		0001209191-03-012606
CONFORMED SUBMISSION TYPE:	4/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030717
FILED AS OF DATE:		20030721

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MOSIER JAMES F
		CENTRAL INDEX KEY:			0001247874

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	033-36383
		FILM NUMBER:		03794346

	BUSINESS ADDRESS:	
		STREET 1:		PICO HOLDINGS INC
		STREET 2:		875 PROSPECT ST STE 301
		CITY:			LA JOLLA
		STATE:			CA
		ZIP:			92037-4264
		BUSINESS PHONE:		8584566022

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PICO HOLDINGS INC /NEW
		CENTRAL INDEX KEY:			0000830122
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				942723335
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		875 PROSPECT ST
		STREET 2:		STE 301
		CITY:			LA JOLLA
		STATE:			CA
		ZIP:			92037
		BUSINESS PHONE:		6194566022

	MAIL ADDRESS:	
		STREET 1:		875 PROSPECT ST
		STREET 2:		STE 301
		CITY:			LA JOLLA
		STATE:			CA
		ZIP:			92037

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CITATION INSURANCE GROUP
		DATE OF NAME CHANGE:	19940527
</SEC-HEADER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>doc4a.xml
<DESCRIPTION>FORM 4/A SUBMISSION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument><schemaVersion>X0101</schemaVersion>    <documentType>4/A</documentType><periodOfReport>2003-07-17</periodOfReport><dateOfOriginalSubmission>1996-12-19</dateOfOriginalSubmission><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0000830122</issuerCik><issuerName>PICO HOLDINGS INC /NEW</issuerName>        <issuerTradingSymbol>PICO</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001247874</rptOwnerCik><rptOwnerName>MOSIER JAMES F</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>  </rptOwnerStreet1><rptOwnerStreet2>  </rptOwnerStreet2><rptOwnerCity>  </rptOwnerCity><rptOwnerState>  </rptOwnerState><rptOwnerZipCode>  </rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>0</isDirector><isOfficer>1</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle>General Counsel &amp; Secretary</officerTitle></reportingOwnerRelationship></reportingOwner><deriv
ativeSecurity><securityTitle><value>Stock Option(Right to Buy)</value></securityTitle><conversionOrExercisePrice><value>13.45</value></conversionOrExercisePrice><transactionDate><value>2003-07-02</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>D</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionTimeliness><value></value></transactionTimeliness><transactionAmounts><transactionShares><value>42083</value></transactionShares><transactionValue><value>13.45</value></transactionValue><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>1995-08-24</value><footnoteId id="F1" /></exerciseDate><expirationDate><value>2005-08-24</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>42083</value></underlyingSecurityShares></underlyingSecurity><postTransact
ionAmounts><sharesOwnedFollowingTransaction><value>0</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeSecurity><derivativeSecurity><securityTitle><value>Stock Option(Right to Buy)</value></securityTitle><conversionOrExercisePrice><value>15</value></conversionOrExercisePrice><transactionDate><value>2003-07-02</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>D</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionTimeliness><value></value></transactionTimeliness><transactionAmounts><transactionShares><value>21042</value></transactionShares><transactionValue><value>15</value></transactionValue><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2000-04-07</value><footnoteId id="F1" /></exerciseDate><expirationDate><
value>2020-04-07</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>21042</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>0</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeSecurity><derivativeSecurity><securityTitle><value>Stock Appreciation Rights</value></securityTitle><conversionOrExercisePrice><value>15</value></conversionOrExercisePrice><transactionDate><value>2003-07-17</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionTimeliness><value></value></transactionTimeliness><transactionAmounts><transactionShares><value>63125</value></transactionShares><trans
actionValue><value>15</value></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2003-07-17</value></exerciseDate><expirationDate><value>1988-08-08</value><footnoteId id="F2" /></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>63125</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>63125</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeSecurity><footnotes><footnote id="F1">On July 2, 2003 James F. Mosier and PICO Holdings, Inc. agreed to cancel these fully vested Stock Options.</footnote><footnote id="F2">There is no expiration date.</footnote></footnotes><ownerSignature><signatureName>James F. Mosier</signatureName><sign
atureDate>2003-07-21</signatureDate></ownerSignature></ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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