Segment Reporting

3 Months Ended

Mar. 31, 2016

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 2015 Annual Report on Form 10-K filed with the SEC.

Management analyzes segments using the following information:

Segment assets (in thousands):

	March 31, 2016		December 31, 2015
Assets:
Water resource and water storage operations	$	185,473	$	185,037
Real estate operations	420,800		421,411
Corporate	41,184		46,844
Discontinued agribusiness operations	6,577		8,793
Total assets	$	654,034	$	662,085

Segment revenues and loss before taxes (in thousands):

	Three Months Ended March 31,
	2016			2015
Revenue and other income:
Water resource and water storage operations	$	161		$	210
Real estate operations	68,272			43,680
Corporate	604			1,434
Total revenue and other income	$	69,037		$	45,324
Loss before income taxes:
Water resource and water storage operations	$	(1,693	)	$	(1,492	)
Real estate operations	(75		)	(3,779		)
Corporate	(3,027		)	(3,812		)
Loss from continuing operations before income taxes and equity in loss of unconsolidated affiliates	$	(4,795	)	$	(9,083	)