UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)
March 12, 2007

PICO HOLDINGS, INC.

California		10-18786		94-2723335
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

875 Prospect Street, Suite 301, La Jolla, California 92037
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code
(858) 456-6022

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CRF 240.14a-12)
o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Item 2.02 Results of Operations and Financial Condition

     On March 12, 2007, PICO Holdings, Inc., issued a press release relative to calendar year 2006 financial results. The press release, attached hereto as Exhibit 99.1, is being furnished with this current report on Form 8-K.

Item 9.01 Financial Statements and Exhibits

	(a)		Not applicable
	(b)		Not applicable
	(c)		Not applicable
	(d)		Exhibits

Exhibit Number		Description
99.1		Press Release of PICO dated March 12, 2007

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.