Exhibit 99.1

Signature Group Holdings, Inc. Reports 2011 Results

SHERMAN OAKS, California – March 14, 2012 – Signature Group Holdings, Inc. (“Signature,” the “Company,” “we,” “us” or “our”) (OTCQB: SGGH) today reported results of operations for the year ended December 31, 2011.

Highlights:

Overview of Presentation

The presentation of the financial information in this earnings release will at times reflect our “continuing operations” and our “discontinued operations.” The Company’s “continuing operations” present the financial condition and results of operations for the assets, liabilities, businesses and operations that are consistent with Signature’s current business strategy. The Company’s “discontinued operations” present the financial condition and results of operations for the assets, liabilities, businesses and operations that were sold or discontinued by Fremont General Corporation, and its former subsidiary Fremont Investment & Loan, which was the Company’s name prior to its reorganization on June 11, 2010.

Results of Operations

Signature reported a $12.8 million net loss, or $0.11 per basic and diluted share, for the year ended December 31, 2011, as compared with a $39.5 million net loss, or $0.41 per basic and diluted share, for the year ended December 31, 2010. The Company’s total revenues together with other income increased for the year ended December 31, 2011 to $22.1 million from continuing operations and $6.5 million from discontinued operations, as compared with total revenues and other income of $0.4 million from continuing operations and $6.5 million from discontinued operations for the year ended December 31, 2010. Net loss from continuing operations and discontinued operations was $0.08 and $0.03 per basic and diluted share, respectively, for the year ended December 31, 2011, as compared with a net loss from continuing and discontinued operations of $0.26 and $0.15 per basic and diluted share, respectively, for the year ended December 31, 2010.

The $26.7 million decrease in our net loss in 2011 is primarily related to reductions in reorganization items and loss from discontinued operations, net of income taxes of $10.3 million and $10.5 million, respectively; increases in interest income from investments and loans receivable, net of $0.9 million; net income from North American Breaker Co., Inc. (“NABCO”) of $0.6 million; income tax benefit of $2.5 million; reduction in fair value of common stock warrant liability of $4.9 million; and gain on sale of land and buildings of $1.4 million; partially offset by an increase in professional fees of $2.6 million; and a $1.6 million loss from Cosmed, Inc. (“Cosmed”).

During 2011, we continued to execute our business strategy and utilized approximately $23.9 million through business acquisitions, purchases of debt securities and commercial loan purchases. Most notably, in July 2011, we acquired 100% of the common stock of privately-held NABCO for total purchase consideration of $36.9 million. NABCO is a national market leader in the supply of circuit breakers and related electrical components to wholesale distributors serving various commercial, industrial and residential customers. For the five months after acquisition, during the period ended December 31, 2011, NABCO generated net sales and Adjusted EBITDA of $14.2 million and $3.4 million, respectively. On a pro forma basis, we estimate that NABCO would have generated approximately $8.3 million in Adjusted EBITDA for the year ended December 31, 2011. Adjusted EBITDA is defined and reconciled to net earnings beginning on page 8 of this press release. We acquired NABCO for a purchase price multiple of approximately 4.5 times pro forma 2011 Adjusted EBITDA. Craig Noell, our Chief Executive Officer, commented, “We are excited about NABCO’s strong earnings since acquisition and are very pleased to own a company of this caliber, which is an important component in our strategy to identify and enter new businesses that will return the Company to profitability. We believe NABCO represents an extraordinary opportunity for Signature to realize significant long-term earnings and cash flow, with limited capital at risk.”

In 2011, we purchased $14.2 million in face value of corporate bonds and senior secured debt for $9.0 million. Annual cash yields on the corporate bonds range from 11.00% to 13.25%. The acquired senior secured debt has provided cash returns of 5.75% and, as a result of the discounted purchase price, an overall yield of 13.98%. As a result of these transactions occurring throughout the year, the average net carrying value of interest earning assets during the year ended December 31, 2011 was $7.7 million.

Items impacting comparability of results from continuing operations:

In 2011, continuing operations included the results of operations from NABCO and Cosmed, which provided combined revenues of $15.2 million and operating expenses of $15.9 million, including $1.5 million of intangible asset amortization. We acquired these businesses in 2011; and, therefore, no comparable revenues and expenses are included in the 2010 results from continuing operations.

Selected other financial data from continuing operations:

Interest income increased $0.8 million in 2011 to $1.2 million as compared to $0.4 million reported in 2010. The increase is primarily the result of increases in average interest earning assets, offset by a substantial reduction in cash and cash equivalents. In 2011, average interest earning assets were $7.7 million as compared to $0.8 million in 2010. Accordingly, interest income increased from $0.2 million in 2010, to $1.2 million in 2011. Interest income on cash and cash equivalents decreased $0.1 million in 2011, to $47 thousand.

Other income (expense) increased in 2011 by $6.1 million to $5.6 million of income as compared to a $0.5 million expense in 2010, due primarily to changes in the fair value of common stock warrant liability and gain on sale of land and buildings of $4.9 million and $1.4 million, respectively.

Income tax benefit increased to $2.6 million in 2011 from zero in 2010 is primarily the result of deferred tax liabilities established in the NABCO business combination, which allowed us to relieve $2.7 million of our fully-reserved deferred tax assets. As of December 31, 2011, our estimated federal net operating loss carryforward (“NOL”) is $889.9 million and our estimated California NOL is $976.9 million.

Results of discontinued operations:

Signature’s discontinued operations reported a loss, net of income taxes, of $3.5 million in 2011, a $10.5 million decrease from the $14.1 million loss, net of income taxes reported in 2010. The decrease in net loss is primarily due to decreases in selling, general and administrative expenses and compensation expense of $4.9 million and $5.4 million, respectively.

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About Signature Group Holdings, Inc.

Signature is a diversified business and financial services enterprise with principal holdings in cash, other financial assets, and operating subsidiaries. Signature acquires controlling ownership interests in profitable operating subsidiaries to generate long-term cash flows and provide for growth of the Company. Signature’s lending business provides secured debt financing to middle market companies and opportunistically acquires corporate bank debt, bonds, trade claims and other structured debt instruments. For more information about Signature, visit its corporate website at www.signaturegroupholdings.com.

Cautionary Statement Regarding Forward-Looking Statements

This news release may include forward-looking statements. These forward-looking statements are based on current expectations that involve risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may differ materially. These risks include: changes in business or other market conditions; the challenge of managing asset/liability levels; the management of credit risk and interest rate risk; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the Company’s Securities and Exchange Commission reports, including but not limited to the Annual Report on Form 10-K for the most recent year ended. Pursuant to the Private Securities Litigation Reform Act of 1995, the Company does not undertake to update forward-looking statements contained within this news release.

Source

Signature Group Holdings, Inc.

Contact

Signature Group Holdings, Inc. Investor Relations

(805) 435-1255

invrel@signaturegroupholdings.com

(Tables to follow)

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Signature Group Holdings, Inc.

Consolidated Balance Sheets

(Unaudited)

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Signature Group Holdings, Inc.

Consolidated Statements of Operations

(Unaudited)

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Signature Group Holdings, Inc.

Segment Balance Sheets

December 31, 2011

(Unaudited)

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Signature Group Holdings, Inc.

Segment Income Statements

Year ended December 31, 2011

(Unaudited)

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Signature Group Holdings, Inc.

Reconciliation of Adjusted EBITDA to Net Income

(Unaudited)

Adjusted EBITDA is not a measure computed in accordance with generally accepted accounting principles (“GAAP”). A non-GAAP financial measure is a numerical measure of historical or future financial performance, financial position or cash flows that excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the balance sheets, statements of operations, or statements of cash flows (or equivalent statements); or includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measures so calculated and presented.

Adjusted EBITDA is presented and discussed in this news release because management believes it enhances understanding by investors and lenders of the Company’s financial performance. As a complement to financial measures provided in accordance with GAAP, management believes that Adjusted EBITDA assists investors who follow the practice of some investment analysts who adjust GAAP financial measures to exclude items that may obscure underlying performance and distort comparability. Because Adjusted EBITDA is not a measure computed in accordance with GAAP, it is not intended to be presented herein as a substitute for net income as an indicator of the Company’s operating performance. Adjusted EBITDA is one of the primary performance measurements used by our senior management and our Board of Directors to evaluate operating results.

We calculate Adjusted EBITDA as earnings before interest, taxes, depreciation and amortization (“EBITDA”), which is then adjusted to remove or add back certain items. These items are identified below in the reconciliation of Adjusted EBITDA to Net Income, the GAAP measure most directly comparable to Adjusted EBITDA. As shown in the table below, there was one transaction-related adjustment to EBITDA for the period from the acquisition date to December 31, 2011. There were additional adjustments we made to remove the effects of expenses included in NABCO’s operating results prior to the acquisition date related to one-time transaction expenses, profit sharing expenses and other non-operating expenses.

Our calculation of Adjusted EBITDA may be different from the calculation used by other companies; therefore, it may not be comparable to other companies.

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The following table presents our reconciliation of NABCO’s Adjusted EBITDA to Net Income:

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