Exhibit 31.2

CERTIFICATION

I, James F. McCabe, Jr., certify that:

1. I have reviewed this annual report on Form 10-K/A of Steel Excel Inc.; and

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.

	/s/ James F. McCabe, Jr.
Date:   April 21, 2016	James F. McCabe, Jr. Chief Financial Officer