| Operating Segment | Consolidated Subsidiaries | Key Commercial Usage |
| Water Resource and Water Storage Operations |
Vidler Water Company, Inc., acquires and develops water resource and water storage operations in the southwestern United States, with assets in Nevada, Arizona, Idaho, California, New Mexico, and Colorado. |
Vidler Water currently operates ten water projects throughout the American West including key strategic water-scarce markets in Arizona and Nevada. |
| Real Estate Operations |
Nevada Land and Resource Company, LLC one of the largest private land owners in Nevada. Union Community Partners is a new land acquisition and development business established in 2008 to respond to current regional and national homebuilders' liquidity crisis. |
NLRC currently owns 440,000 acres of land parallel to I-80 in Nevada together with natural resource rights, including mineral, geothermal and water rights, on over 1 million acres of land. UCP owns or controls finished lots and potential lots in various stages of entitlement in select California markets. |
| | Description of Assets | Strategy |
| Insurance in Run-Off Operations |
Physicians Insurance Company of Ohio (medical professional liability), and Citation Insurance Company (property and casualty and workers' compensation). |
Insurance companies in run off obtain the funds to pay claims from the maturity of fixed-income securities, the sale of investments, and collections from reinsurance companies (that is, specialized insurance companies who share in our claims risk). |
| Corporate |
Assets in this category currently consist of cash, the assets and related liabilities of deferred compensation plans, interests in small businesses, and other parent company assets. | Through this segment, we acquire businesses and interests in businesses through the acquisition of private companies and the purchase of shares in public companies, both directly through participation in financing transactions and through open market purchases. |
