LA JOLLA, Calif., Nov. 12, 2013 (GLOBE NEWSWIRE) -- PICO Holdings, Inc. (Nasdaq:PICO) reported shareholders' equity of $479.4 million ($21.08 per share) at September 30, 2013, compared to $454.2 million ($19.97 per share) at June 30, 2013 and $473.2 million ($20.82 per share) at December 31, 2012. Reported book value per share attributable to PICO shareholders increased by $0.26, or 1.2%, during the first nine months of 2013.
NET BOOK VALUE
The following table is provided as a supplement to the financial statements contained in PICO's 10-Q, to illustrate the relative size of the Company's assets and activities (Net Book Value in millions):
|SEGMENT||NET BOOK VALUE|
|Water Resource and Water Storage Operations||$ 203.2||$ 220.5||$ (17.3)|
|Real Estate Operations||136.6||112.3||24.3|
|Shareholders' Equity||$ 479.4||$ 473.2||$ 6.2|