OPERATIONS BY REPORTABLE SEGMENT

6 Months Ended

Jun. 30, 2011

OPERATIONS BY REPORTABLE SEGMENT [Abstract]

OPERATIONS BY REPORTABLE SEGMENT

NOTE 12 - OPERATIONS BY REPORTABLE SEGMENT

The Company has three primary operating segments, which include Special Situation Lending, Strategic Acquisitions and Discontinued Operations.  Results of operations and other financial measures that are not included in the Company's three primary operating segments are included in Corporate and Other.  The following tables present the operating results and other key financial measures for the Company's operating segments as of and for the periods indicated.

	Continuing Operations
(Dollars in thousands)	Special Situation Lending		Strategic Acquisitions			Corporate and Other			Eliminations			Total			Discontinued Operations			Total
Three Months Ended June 30, 2011:
Revenues	$	239	$	295		$	66		$	(32	)	$	568		$	1,615		$	2,183
Expenses		-		1,182			4,326			(32	)		5,476			2,182			7,658
Other income (expense)		-		-			(128	)		-			(128	)		-			(128	)
Earnings (loss) before reorganization items, net and income taxes		239		(887	)		(4,388	)		-			(5,036	)		(567	)		(5,603	)
Reorganization items, net		-		-			826			-			826			-			826
Earnings (loss) before income taxes and loss attributable to noncontrolling interest		239		(887	)		(5,214	)		-			(5,862	)		(567	)		(6,429	)
Income tax expense (benefit)		4		100			(114	)		(4	)		(14	)		(159	)		(173	)
Net earnings (loss)		235		(987	)		(5,100	)		4			(5,848	)		(408	)		(6,256	)
Loss attributable to noncontrolling interest		-		(101	)		-			-			(101	)		-			(101	)
Net earnings (loss) attributable to Signature Group Holdings, Inc.	$	235	$	(886	)	$	(5,100	)	$	4		$	(5,747	)	$	(408	)	$	(6,155	)

	Continuing Operations
(Dollars in thousands)	Special Situation Lending		Strategic Acquisitions		Corporate and Other			Eliminations		Total			Discontinued Operations			Total
Three Months Ended June 30, 2010:
Revenues	$	30	$	-	$	50		$	-	$	80		$	2,260		$	2,340
Expenses		-		-		3,208			-		3,208			3,686			6,894
Other income (expense)		-		-		179			-		179			-			179
Earnings (loss) before reorganization items, net and income taxes		30		-		(2,979	)		-		(2,949	)		(1,426	)		(4,375	)
Reorganization items, net		-		-		7,130			-		7,130			116			7,246
Earnings (loss) before income taxes		30		-		(10,109	)		-		(10,079	)		(1,542	)		(11,621	)
Income tax expense		-		-		-			-		-			-			-
Net earnings (loss)	$	30	$	-	$	(10,109	)	$	-	$	(10,079	)	$	(1,542	)	$	(11,621	)

	Continuing Operations
(Dollars in thousands)	Special Situation Lending		Strategic Acquisitions			Corporate and Other			Eliminations			Total			Discontinued Operations			Total
Six Months Ended June 30, 2011:
Revenues	$	405	$	840		$	69		$	(45	)	$	1,269		$	3,184		$	4,453
Expenses		-		1,606			7,065			(45	)		8,626			5,570			14,196
Other income (expense)		-		281			673			-			954			-			954
Earnings (loss) before reorganization items, net and income taxes		405		(485	)		(6,323	)		-			(6,403	)		(2,386	)		(8,789	)
Reorganization items, net		-		-			1,325			-			1,325			-			1,325
Earnings (loss) before income taxes and loss attributable to noncontrolling interest		405		(485	)		(7,648	)		-			(7,728	)		(2,386	)		(10,114	)
Income tax expense (benefit)		6		-			(112	)		(6	)		(112	)		427			315
Net earnings (loss)		399		(485	)		(7,536	)		6			(7,616	)		(2,813	)		(10,429	)
Loss attributable to noncontrolling interest		-		(61	)		-			-			(61	)		-			(61	)
Net earnings (loss) attributable to Signature Group Holdings, Inc.	$	399	$	(424	)	$	(7,536	)	$	6		$	(7,555	)	$	(2,813	)	$	(10,368	)

	Continuing Operations
(Dollars in thousands)	Special Situation Lending		Strategic Acquisitions		Corporate and Other			Eliminations		Total			Discontinued Operations			Total
Six Months Ended June 30, 2010:
Revenues	$	62	$	-	$	113		$	-	$	175		$	5,744		$	5,919
Expenses		38		-		6,052			-		6,090			11,477			17,567
Other income (expense)		-		-		265			-		265			-			265
Earnings (loss) before reorganization items, net and income taxes		24		-		(5,674	)		-		(5,650	)		(5,733	)		(11,383	)
Reorganization items, net		-		-		10,050			-		10,050			394			10,444
Earnings (loss) before income taxes		24		-		(15,724	)		-		(15,700	)		(6,127	)		(21,827	)
Income tax expense		-		-		-			-		-			150			150
Net earning (loss)	$	24	$	-	$	(15,724	)	$	-	$	(15,700	)	$	(6,277	)	$	(21,977	)

	Continuing Operations
(Dollars in thousands)	Special Situation Lending		Strategic Acquisitions		Corporate and Other		Eliminations			Total		Discontinued Operations		Total
Segment assets:
At June 30, 2011	$	8,682	$	2,839	$	67,103	$	(1,384	)	$	77,240	$	47,328	$	124,568
At December 31, 2010		4,218		-		74,065		-			78,283		57,261		135,544
Segment liabilities:
At June 30, 2011	$	6	$	2,225	$	46,380	$	(1,384	)	$	47,227	$	13,716	$	60,943
At December 31, 2010		-		-		46,733		-			46,733		15,090		61,823