trending Market Intelligence /marketintelligence/en/news-insights/trending/iD67612gE1xw2Zi6dgILNA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

PICO Holdings swings to profit in Q3

Blog

Tracking Credit Risk of a Major U.S. Retailer

Corporate America Not Likely To Unwind COVID-19 Debt Buildup Despite Credit Hits

Blog

Q&A: Navigating Climate Risk as a Financial Risk

Infrastructure Issues: Tools to Dig Deep on Potential Risks


PICO Holdings swings to profit in Q3

PICO Holdings Inc. said its normalized net income for the third quarter came to 2 cents per share, compared with a loss of 8 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $437,000, compared with a loss of $1.7 million in the year-earlier period.

Total revenue increased 23.8% on an annual basis to $96.7 million from $78.1 million, and total operating expenses increased 23.7% on an annual basis to $94.3 million from $76.3 million.

Reported net income came to a loss of $2.9 million, or a loss of 13 cents per share, compared to a loss of $2.5 million, or a loss of 11 cents per share, in the prior-year period.