PICO Holdings, Inc. to Host Investor Update Conference Call and Webcast On May 19 At 4:30 PM Eastern Time/1:30 PM Pacific Time


LA JOLLA, Calif., May 13, 2008 (PRIME NEWSWIRE) -- PICO Holdings, Inc. (Nasdaq:PICO) today announced that senior management will host an Investor Update conference call and audio webcast on Monday, May 19 at 4:30 p.m. Eastern time/1:30 p.m. Pacific time. On the call, management will provide a summary of a presentation made at the Company's annual shareholders' meeting (to be held on May 16, 2008) for those investors who were unable to attend the meeting, followed by a question and answer session.

To participate on the call please dial (800) 884-2368 in the U.S. or (660) 422-4961 outside the U.S., or visit the Investors section of PICO's web site at www.picoholdings.com. A webcast replay as well as a Company PowerPoint presentation will also be available on the Company's web site for one year.

To be added to the Company's email distribution for future news releases, please send your request to PICO@finprofiles.com.

About PICO Holdings

PICO is a diversified holding company that seeks to acquire assets and businesses that it identifies as significantly undervalued and that are unique or strategic. In the course of its business, PICO acquires water assets, land, and other businesses in strategic areas at downside risk-protected valuations; enhances fair market value through operational expertise, development activities, transaction structure and efficient use of capital; and achieves consistent gains in book value per share.

The PICO Holdings, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=5044

Safe Harbor Statement

This press release may contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 regarding PICO's business, financial conditions, results of operations, and prospects, including, without limitation, statement concerning PICO's beliefs, intentions, anticipated developments, and other information concerning future matters. Forward- looking statements often address current expected future business and financial performance, and may contain words such as "may," "could," "estimates," "expects," "anticipates," "intends," "plans," "believes," "seeks," or "will." Forward-looking statements may address matters that are uncertain.

Although forward-looking statements in this press release reflect the good faith judgment of management, such statements can only be based on current expectations and assumptions. Consequently, forward-looking statements are inherently subject to risk and uncertainties, and the actual results and outcomes could differ materially from the forward-looking statements. Factors that could cause or contribute to such differences in results and outcomes include, without limitation, those discussed under the heading "Risk Factors" discussed in PICO Holdings' Annual Report on Form 10-K and in other filings made from time to time with the United States Securities and Exchange Commission. PICO does not undertake to update any forward-looking statements, and undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made.

The information contained herein is furnished for information purposes only and is not to be construed as an offer to buy or sell securities.



            

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