CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
ASSETS
Cash and cash equivalents	$ 61,126	$ 138,039
Investments ($48,900 and $50,600 measured at fair value at June 30, 2014, and December 31, 2013, respectively)	75,797	78,657
Real estate and tangible water assets, net of $10,459 and $10,019 of accumulated depreciation at June 30, 2014, and December 31, 2013, respectively	315,876	254,208
Property, plant and equipment, net of $21,417 and $16,631 of accumulated depreciation at June 30, 2014, and December 31, 2013, respectively	124,045	123,444
Intangible assets	125,648	124,880
Other assets	57,219	43,324
Total assets	759,711	762,552
LIABILITIES AND SHAREHOLDERS’ EQUITY
Debt	134,017	136,767
Accounts payable, accrued expenses and other liabilities	46,082	36,780
Deferred compensation	24,974	24,160
Total liabilities	205,073	197,707
Commitments and contingencies
Common stock	26	26
Additional paid-in capital	548,767	546,307
Retained deficit	(28,492)	(17,083)
Accumulated other comprehensive income	660	232
Treasury stock, at cost (common shares: 3,068 at June 30, 2014 and 3,073 at December 31, 2013)	(56,482)	(56,593)
Total PICO Holdings, Inc. shareholders’ equity	464,479	472,889
Noncontrolling interest in subsidiaries	90,159	91,956
Total shareholders’ equity	554,638	564,845
Total liabilities and shareholders’ equity	$ 759,711	$ 762,552