Inside financial crisis, the brand new government’s full support to possess AIG totaled around $182 mil

AIG Program Updates

You to incorporated almost $70 billion one to Treasury the amount of time due to TARP and $112 mil the full time from the Federal Put aside Financial of the latest York (FRBNY).

From inside the , Treasury offered its kept 234,169,156 offers off AIG common stock during the a keen underwritten public giving to possess aggregate proceeds of about $seven.six mil.

U.S. Agencies of Treasury

Providing feeling compared to that business, the overall self-confident return for the Government Set aside and you can Treasury’s joint $182 mil commitment to balance out AIG when you look at the economic crisis was now $22.eight million, that have Treasury recognizing an optimistic get back out-of $5.0 mil therefore the Government Put aside realizing a positive get back away from $17.seven mil.

Included in the complete $5.0 million confident come back to day, Treasury understood a beneficial $cuatro.1 mil confident get back for the the popular inventory holdings and you can a good $0.nine mil confident return into the their prominent inventory holdings. Included in the Federal Reserve’s $17.seven mil confident return to go out is an excellent https://cashadvanceamerica.net/installment-loans-ak/ $six.8 mil positive get back into the Government Put aside Financial of brand new York’s (FRBNY) fund so you’re able to AIG; a great $step one.4 mil confident get back for the well-known welfare throughout the AIA Aurora and ALICO special-purpose car one held AIG’s prominent international life insurance rates subsidiaries; and you can a mixed $9.5 billion positive return toward Maiden Lane II & III special purpose vehicle.

Brand new joint profit from $nine.5 billion in the Maiden Lane II and you can III special-purpose car, and that ordered home loan-associated possessions out of AIG as well as counterparties, portrayed the greatest part of the complete $22.eight million self-confident return.

Because the financial crisis, AIG has actually performed a remarkable restructuring effort, and therefore place it inside the a more powerful status to repay taxpayers. The dimensions of the business could have been reduce almost by 50 percent as it marketed low-key assets and you will focused on their center insurance rates surgery. AIG’s Financial products product (AIGFP) is remaining wound down and it has cut their legacy derivatives visibility of the more than 93 percent thus far.

Over the past 19 days, Treasury used half dozen social offerings from AIG preferred inventory, promoting a maximum of 1,655,037,962 shares (to start with 92 percent off AIG’s a fantastic preferred inventory) at the the average price of $ for every single share. Treasury’s $20.7 million AIG prominent stock offering from inside the alone portrayed the biggest solitary You.Smon stock giving of all time.

After the are foundational to situations due to the fact restructuring in early 2011. Take a look at a suggestions artwork describing all major AIG purchases by way of .

AIG paid off Treasury $dos.dos million into the arises from new sale of their subsidiaries AIG Superstar Coverage Co., Ltd. and you may AIG Edison Insurance Organization so you can Prudential Monetary, Inc.

AIG paid Treasury $6.9 billion to reduce the same display away from Treasury’s popular guarantee need for AIG. The fresh new proceeds came from AIG’s income of their security stake during the MetLife and regarding money previously stored inside anticipation from costs relevant on the marketing of the American Coverage Co. (ALICO) so you can MetLife.

Treasury sold 2 hundred million offers from AIG preferred inventory to have proceeds out-of $5.8 million, and you may cancelled $dos million from before the full time — however, undrawn finance.

AIG paid down Treasury $dos.fifteen million financed through the arises from the latest deals out-of AIG’s Nan Shan coverage part. This new continues were used to blow straight back this new U.S. taxpayers’ funding in the AIG through the redemption from the same piece of Treasury’s prominent equity welfare in the AIA Aurora LLC, a subsidiary out-of AIG.

Treasury received a fees from AIG out of $972 mil. The new fee try financed mainly from the planned release of escrowed arises from AIG’s profit of ALICO, part to MetLife, Inc. Brand new continues were utilized to spend straight back the fresh new You.S. taxpayers’ funding in the AIG from redemption regarding the same section regarding Treasury’s well-known equity passion in the AIA Aurora LLC, a part away from AIG.