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Biglari Holdings Inc. BH Insurance premiums and other — Identifiable Assets

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Other financials

Income statement

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Revenue$108.5M+7.9%
Gross profit$67.4M+11.3%
Net income$39.9M-21.6%
EPS (diluted)$31.63-18.7%

Balance sheet

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Cash & equivalents$68.4M+109%
Total debt$289.3M+577%
Total equity$543.8M-7.7%
Total assets$1.1B+22.6%

Cash flow

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Operating cash flow$14.9M-64.5%
CapEx$6.7M+146%
Free cash flow$8.3M-79.0%

Valuation

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Market cap$1.22B+42.1%
Enterprise value$1.45B+66.0%
P/S+0.7×

Profitability

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Gross margin60%-0.2pp
Net margin-7.3%-17.8pp
FCF margin12.4%-4.2pp

Returns & leverage

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Return on equity-5.3%-12.1pp
Debt / equity0.5×+0.5×
Current ratio2.4×+1.1×

Where this comes from

Reported directly by Biglari Holdings Inc. in its filing.

Tagged under the XBRL concept us-gaap:Assets.

The source filing: Biglari Holdings Inc.’s 10-K, filed March 2, 2026.

Filed
Mar 2, 2026, 6:32 AM EST
Fiscal year
FY2025
Accession
0001628280-26-012987
Line itemIdentifiable Assets / December 31, 2025Identifiable Assets / December 31, 2024
First Guard55,58452,726
Southern Pioneer77,73967,808
Biglari Reinsurance11,0799,042
Total Insurance Operations144,402129,576
Oil and Gas Operations:
Abraxas Petroleum54,92358,992
Southern Oil43,21349,259
Total Oil and Gas Operations98,136108,251

Item 8. Financial Statements and Supplementary Data

FAQ

What is Biglari Holdings Inc.'s insurance premiums and other — identifiable assets?
Biglari Holdings Inc. (BH) reported insurance premiums and other — identifiable assets of $144.4M in Q4 2025.
How has Biglari Holdings Inc.'s insurance premiums and other — identifiable assets changed year-over-year?
Biglari Holdings Inc.'s insurance premiums and other — identifiable assets increased by 11.4% year-over-year, from $129.58M to $144.4M.
What does insurance premiums and other — identifiable assets mean?
Measures the total value of assets specifically attributed to the insurance segment, including cash, investments, and property used in the underwriting and claims process. This metric indicates the scale of the insurance business and the capital base deployed to generate insurance-related income. It is essential for calculating segment-specific return on assets and evaluating capital efficiency.

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