EXHIBIT 31.2
CERTIFICATION BY CHIEF FINANCIAL OFFICER PURSUANT TO RULE 13a-14(a)/15d-14(a)
AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
| | I, Maxim C. W. Webb, certify that: |
| | 1. | I have reviewed this Amendment No. 1 to Annual Report on Form 10-K of PICO Holdings, Inc.; |
| | 2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report. |
By: /s/ Maxim C.W. Webb
Maxim C. W. Webb
Chief Financial Officer
