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Biglari Holdings Inc. BH Business Segments

FY'25FY'24FY'23FY'22
Restaurant operations by Business
Insurance Segment$76.46M+5.2%$72.69M+8.1%$67.27M+4.2%$64.54M
Oil And Gas Segment$30.21M-18.2%$36.95M-18.0%$45.07M-21.7%$57.55M
Restaurant Segment$280.87M+11.7%$251.45M+0.2%$250.86M+3.8%$241.57M
Earnings (loss) before income taxes by Business
Insurance Segment$12.72M+39.9%$9.09M-30.5%$13.08M+32.1%$9.9M
Oil And Gas Segment$12.9M-35.2%$19.92M-22.7%$25.77M+2.3%$25.19M
Restaurant Segment$23.14M+7.1%$21.61M-22.7%$27.96M+116%$12.96M
Costs and Expenses by Business
Insurance Segment$63.75M+0.2%$63.6M+17.4%$54.19M-0.8%$54.64M
Oil And Gas Segment$29.19M-13.8%$33.87M+3.1%$32.87M+1.6%$32.36M
Restaurant Segment$257.73M+12.1%$229.83M+3.1%$222.89M-2.5%$228.61M
G&A by Business
Oil And Gas Segment$4.97M-19.0%$6.14M+18.8%$5.16M-20.6%$6.5M
Capital Expenditures by Business
Brand licensing$1.78M$0$0
Insurance premiums and other$257K+69.1%$152K-50.8%$309K-80.2%$1.56M
Oil and Gas Segment$1.26M-89.3%$11.78M+2,066%$544K-40.0%$906K
Restaurant operations$26.69M+22.4%$21.81M+2.4%$21.29M-13.0%$24.47M
Depreciation, depletion, and amortization by Business
Insurance premiums and other$368K+7.9%$341K+0.6%$339K+75.6%$193K+9.7%
Oil And Gas Segment$11.67M+5.2%$11.1M+7.4%$10.34M+29.0%$8.01M
Restaurant operations$26.76M-0.9%$27M-0.1%$27.03M-1.7%$27.5M+28.0%
Total revenues by Product
Advertising$3.45M+4.8%$3.29M-26.5%$4.48M-29.9%$6.39M-6.5%
Franchise$330K-28.7%$463K-61.6%$1.21M-33.3%$1.81M-11.0%
Gift Cards$4.66M+10.3%$4.22M-19.9%$5.28M-2.2%$5.4M-8.6%
Other$2.98M+0.7%$2.96M$3.21M
Earnings (loss) before income taxes by Product
Insurance Underwriting856,900,000%+334,600,000pp522,300,000%-426,900,000pp949,200,000%+291,400,000pp657,800,000%
Investment Income333,900,000%-58,900,000pp392,800,000%+85,400,000pp307,400,000%+169,400,000pp138,000,000%
Other216,700,000%155,500,000%-166,800,000pp322,300,000%
Restaurant operations by Product
Franchise partner fees$77M+9.0%$70.62M-2.7%$72.55M+13.6%$63.85M+14.8%
Franchise royalties and fees$13.59M-0.3%$13.63M-17.1%$16.44M-16.4%$19.68M-9.5%
Insurance premiums and other$76.46M+5.2%$72.69M+8.1%$67.27M+4.2%$64.54M+10.1%
Oil and gas$30.21M-18.2%$36.95M-18.0%$45.07M-21.7%$57.55M+74.4%
Restaurant operations$280.87M+11.7%$251.45M+0.2%$250.86M+3.8%$241.57M-11.0%
Other segment items by Product
Insurance Underwriting$0$0$0$0
Investment Income$0$0$0$0
Costs and Expenses by Product
Insurance Underwriting$62.94M+2.6%$61.37M+16.3%$52.77M-3.4%$54.65M
Investment Income$0$0$0$0
Insurance losses and underwriting expenses by Product
Insurance Underwriting$19.8M+11.7%$17.73M+3.7%$17.1M-2.1%$17.46M
Investment Income$0$0$0$0
Other$0$0$0$0
Insurance losses by Product
Insurance Underwriting$43.14M-1.1%$43.64M+22.4%$35.67M-4.1%$37.19M
Investment Income$0$0$0$0
Other$0$0$0$0

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Questions, answered.

How does Biglari Holdings Inc. break its business down?
Biglari Holdings Inc. (BH) reports restaurant operations by business across 4 parts — Insurance Segment, Maxim, Oil And Gas Segment and Restaurant Segment. Each is extracted from the segment footnotes and tracked over time.
Where does Biglari Holdings Inc.'s segment data come from?
Segment breakdowns are pulled from the segment footnotes in Biglari Holdings Inc.'s SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.