trending Market Intelligence /marketintelligence/en/news-insights/trending/eo-Xjauq9VA7HhR_CZ_86g2 content esgSubNav
In This List

PICO Holdings Q2 loss narrows YOY

Blog

Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Blog

The World's Largest P&C Insurers, 2023

Blog

The Worlds Largest Life Insurers, 2023

Blog

Essential IR Insights Newsletter Fall - 2023


PICO Holdings Q2 loss narrows YOY

PICO Holdings Inc. said its normalized net income for the second quarter amounted to a loss of 4 cents per share, compared with a loss of 14 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $922,500, compared with a loss of $3.2 million in the year-earlier period.

Total revenue grew 50.0% on an annual basis to $83.7 million from $55.8 million, and total operating expenses climbed 36.4% on an annual basis to $84.1 million from $61.7 million.

Reported net income came to a loss of $3.3 million, or a loss of 15 cents per share, compared to a loss of $24.1 million, or a loss of $1.05 per share, in the prior-year period.