Diversified holding company with interests in restaurants, media, and investments.
Biglari Holdings Inc., operating through its subsidiaries, is primarily involved in the restaurant industry across the United States. The company owns, operates, and franchises a portfolio of restaurants under the well-known brands Steak n Shake and Western Sizzlin. As of December 31, 2021, Biglari Holdings operated 199 company-operated Steak n Shake restaurants, alongside 159 franchise partner units and 178 traditional franchise units. Additionally, it manages three company-operated Western Sizzlin restaurants and oversees 38 franchised units.
Beyond its restaurant operations, Biglari Holdings diversifies its business interests into several sectors. It participates in the underwriting of commercial trucking insurance, providing services such as physical damage and non-trucking liability insurance tailored for truckers. The company also engages in property and casualty insurance activities. Moreover, it manages oil and natural gas properties located in the Gulf of Mexico.
Founded in 1934 and headquartered in San Antonio, Texas, Biglari Holdings Inc., formerly known as The Steak n Shake Company, rebranded under its current name in April 2010. The company has expanded its business portfolio to include publishing and selling magazines under the MAXIM brand name, licensing media products and services, and conducting diverse investment activities to enhance its market presence and profitability.