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PICO Holdings, Inc. Announces an Increase in the Board Authorization of its Stock Repurchase Program

CARSON CITY, Nev.--(BUSINESS WIRE)--PICO Holdings, Inc. (Nasdaq: PICO) announced today that its Board of Directors has approved the repurchase of up to an aggregate of $100 million of its common stock which would be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market, as capital becomes available.