Biglari Holdings is a holding company. Through its subsidiaries, Co. is engaged in property and casualty insurance, media and licensing, restaurants, and oil and gas. Co.'s restaurant operations are conducted through Steak n Shake Inc. and Western Sizzlin Corporation. Co.'s insurance business is composed of First Guard Insurance Company and its agency, 1st Guard Corporation and Southern Pioneer Property & Casualty Insurance Company, and its agency, Southern Pioneer Insurance Agency, Inc. Co.'s subsidiaries, Southern Oil Company and Southern Oil of Louisiana Inc. operate oil and natural gas properties. Co.'s Maxim Inc. subsidiary's business lies principally in media and licensing. The BH stock yearly return is shown above.
The yearly return on the BH stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2021 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the BH annual return calculation with any dividends reinvested as applicable (on ex-dates).
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