Diversified holding company with interests in restaurants, media, and other businesses.
Biglari Holdings Inc., operating primarily through its subsidiaries, is deeply involved in various sectors including restaurant operations, insurance services, energy exploration, publishing, and investment activities across the United States. The company owns, operates, and franchises restaurants under well-known brands such as Steak n Shake and Western Sizzlin. As of December 31, 2021, its restaurant portfolio consisted of 199 company-operated Steak n Shake restaurants, along with 159 franchise partner units and 178 traditional franchise units. Additionally, Biglari Holdings operates 3 company-operated Western Sizzlin restaurants and 38 franchised units.
Beyond its restaurant business, Biglari Holdings engages in underwriting commercial trucking insurance, providing physical damage and non-trucking liability coverage to truckers, and offering property and casualty insurance services. The company also maintains interests in oil and natural gas properties located in the Gulf of Mexico, contributing to its diversified portfolio within the energy sector. Furthermore, Biglari Holdings publishes and sells magazines and related publishing products under the MAXIM brand name, leveraging its media licensing capabilities.
In addition to its operational endeavors, Biglari Holdings is actively involved in investment activities across various sectors, strategically managing its portfolio to optimize returns and growth opportunities. Originally established in 1934 as The Steak n Shake Company, the company rebranded as Biglari Holdings Inc. in April 2010. Headquartered in San Antonio, Texas, Biglari Holdings continues to evolve and expand its business interests while maintaining a steadfast commitment to operational excellence and shareholder value.