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Biglari Holdings Inc. BH Loss and loss adjustment expenses

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Other financials

Income statement

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Revenue$97.5M+2.6%
Gross profit$60.0M+4.8%
Net income-$14.5M+56.3%
EPS (diluted)-$11.16+55.9%

Balance sheet

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Cash & equivalents$200.1M+598%
Total debt$290.3M+627%
Total equity$519.2M-3.8%
Total assets$1.0B+22.8%

Cash flow

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Operating cash flow$20.3M+28.7%
CapEx$7.0M-4.6%
Free cash flow$13.4M+57.3%

Valuation

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Market cap$1.13B+34.6%
Enterprise value$1.22B+43.0%
P/S2.8×+0.6×

Profitability

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Gross margin59.5%-0.6pp
Net margin-4.7%-2.0pp
FCF margin20.5%

Returns & leverage

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Return on equity-3.5%-1.4pp
Debt / equity0.6×+0.5×
Current ratio2.5×+1.3×

Where this comes from

Reported directly by Biglari Holdings Inc. in its filing.

Tagged under the XBRL concept bh:LossReservesPayableCurrent.

The official record: Biglari Holdings Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Biglari Holdings Inc.'s loss and loss adjustment expenses?
Biglari Holdings Inc. (BH) reported loss and loss adjustment expenses of $18.76M in Q1 2026.
How has Biglari Holdings Inc.'s loss and loss adjustment expenses changed year-over-year?
Biglari Holdings Inc.'s loss and loss adjustment expenses increased by 4.3% year-over-year, from $17.98M to $18.76M.
What is the long-term trend for Biglari Holdings Inc.'s loss and loss adjustment expenses?
Over 5 years (2020 to 2025), Biglari Holdings Inc.'s loss and loss adjustment expenses has grown at a 4.5% compound annual growth rate (CAGR), from $14.65M to $18.22M.
What does loss and loss adjustment expenses mean?
This represents the estimated liability for claims that have been reported but not yet paid, as well as claims incurred but not yet reported, expected to be settled within one year. It is a critical indicator of an insurance subsidiary's short-term financial obligations and underwriting risk management. Monitoring this balance helps investors assess the adequacy of reserves relative to the company's insurance underwriting activities.