Biglari Holdings, Inc. is a holding company, which engages in media, restaurant, and property and casualty insurance businesses. It operates through the following businesses: Restaurant Operations, Insurance, Oil & Gas, and Media & licensing. The Restaurant Operations business is conducted through two subsidiaries: Steak n Shake Inc. and Western Sizzlin Corporation. The Insurance business offers commercial truck insurance, selling physical damage and nontrucking liability insurance to truckers. The Oil & Gas business operates oil and natural gas properties offshore in the shallow waters of the Gulf of Mexico. The Media & Licensing business lies principally in media and licensing. The company was founded by Sardar Biglari on December 21, 2017 and is headquartered in San Antonio, TX.