Attached files
Exhibit 23.2
CONSENT OF EXPERT
We hereby consent to the incorporation by reference in the Registration Statements on Form S-3 (No. 333-125362, No. 333-134296, No. 333-141321 and No. 333-147547) and Form S-8 (No. 333-142848) of PICO Holdings, Inc. (the “Company”) of the findings in our
reports dated January 2008 and April 2008, with respect to the Mean Annual Recharge for the Tule Desert Hydrographic Basin, Lincoln County, Nevada appearing in “Item 3. Legal Proceedings” under the caption “Tule Desert Action to Reverse Ruling” and in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” under the caption “Tule Desert Groundwater Basin” of the Company’s Annual Report on Form 10-K. We
hereby consent to all references to such reports in such Annual Report on Form 10-K and we hereby consent to all references to such reports in each such Registration Statement, and further consent to Daniel B. Stephens and Associates, Inc. being named as an expert in each such Registration Statement and in each Prospectus to which any such Registration Statement relates.
Daniel B. Stephens and Associates, Inc.
By: /s/Daniel B. Stephens
Name: Daniel B. Stephens
Title: Chairman of Board of Directors
Albuquerque, NM
February 26, 2010