-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 R7jTxC1TofKYFA3pfbCW4+CrjkZR6EfT4EfK0kpWuv4zioIbMmGk5nsIxZKj27CR
 QZ+Fq9GlnSD8RW/unyH+qQ==

<SEC-DOCUMENT>0001209191-10-039385.txt : 20100722
<SEC-HEADER>0001209191-10-039385.hdr.sgml : 20100722
<ACCEPTANCE-DATETIME>20100722182042
ACCESSION NUMBER:		0001209191-10-039385
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100611
FILED AS OF DATE:		20100722
DATE AS OF CHANGE:		20100722

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			NICKOLL JOHN F
		CENTRAL INDEX KEY:			0000903296
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08007
		FILM NUMBER:		10965803

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SIGNATURE GROUP HOLDINGS INC
		CENTRAL INDEX KEY:			0000038984
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				952815260
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		175 N. RIVERVIEW DRIVE
		CITY:			ANAHEIM
		STATE:			CA
		ZIP:			92808
		BUSINESS PHONE:		714.283.6500

	MAIL ADDRESS:	
		STREET 1:		175 N. RIVERVIEW DRIVE
		CITY:			ANAHEIM
		STATE:			CA
		ZIP:			92808

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FREMONT GENERAL CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>c03725_4x0.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2010-06-11</periodOfReport>

    <issuer>
        <issuerCik>0000038984</issuerCik>
        <issuerName>SIGNATURE GROUP HOLDINGS INC</issuerName>
        <issuerTradingSymbol>SGGH.PK</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000903296</rptOwnerCik>
            <rptOwnerName>NICKOLL JOHN F</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>10800 WILSHIRE BLVD.</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 103</rptOwnerStreet2>
            <rptOwnerCity>LOS ANGELES</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90024</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Signature Group Holdings, Inc. common stock</value>
            </securityTitle>
            <transactionDate>
                <value>2010-06-11</value>
            </transactionDate>
            <deemedExecutionDate>
                <value>2010-06-11</value>
            </deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>625000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.80</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>625000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>John F. Nickoll Living Trust</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <ownerSignature>
        <signatureName>/s/ John Nickoll</signatureName>
        <signatureDate>2010-07-22</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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