Inside economic crisis, the fresh new government’s overall service getting AIG totaled up to $182 million

AIG Program Standing

One to included almost $70 million one to Treasury the time thanks to TARP and you may $112 million enough time because of the Government Put aside Bank of new York (FRBNY).

Within the , Treasury ended up selling the leftover 234,169,156 offers off AIG preferred stock inside the an underwritten social offering getting aggregate proceeds around $eight.six mil.

You.S. Service of your Treasury

Providing perception to this deals, all round confident get back towards the Government Reserve and you may Treasury’s shared $182 million dedication to balance out AIG for the overall economy was now $22.seven billion, that have Treasury realizing a positive return out of $5.0 mil and Government Set aside recognizing an optimistic return of $17.eight mil.

Included in the overall $5.0 mil confident return to day, Treasury understood an excellent $4.1 million positive return on its preferred inventory holdings and you will a beneficial $0.nine billion self-confident return on the their common inventory holdings. Within the Government Reserve’s $17.seven million positive come back to day is an effective $6.8 mil confident come back on Government Put aside Bank of the latest York’s (FRBNY) finance to help https://cashadvanceamerica.net/personal-loans-fl/ you AIG; a great $step one.4 million confident get back to the popular appeal regarding the AIA Aurora and you may ALICO special-purpose vehicles that held AIG’s prominent international lifestyle insurance rates subsidiaries; and you may a combined $nine.5 billion self-confident return on the Maiden Lane II & III special-purpose vehicle.

The latest combined profit of $nine.5 billion in the Maiden Way II and you can III special-purpose vehicle, and therefore ordered mortgage-associated property from AIG and its particular counterparties, illustrated the biggest portion of the complete $twenty-two.eight billion self-confident go back.

As the economic crisis, AIG has actually undertaken a remarkable reorganizing work, which place it from inside the a stronger status to repay taxpayers. The dimensions of the firm might have been slash nearly by 50 percent since it marketed non-core possessions and you can worried about the center insurance rates operations. AIG’s Borrowing products product (AIGFP) is continuing to be wound down and it has clipped the heritage types visibility by more than 93 % so far.

In the last 19 months, Treasury used six personal choices off AIG common inventory, attempting to sell all in all, step 1,655,037,962 shares (originally 92 % of AIG’s a good popular stock) at the the common cost of $ for every share. Treasury’s $20.eight billion AIG common inventory offering inside by yourself represented the most significant solitary U.Smon stock providing ever.

After the are key situations as the reorganizing during the early 2011. Look at a records graphic discussing most of the big AIG transactions using .

AIG paid down Treasury $dos.2 million in the proceeds from brand new profit of their subsidiaries AIG Superstar Life insurance Co., Ltd. and you may AIG Edison Term life insurance Business so you can Prudential Economic, Inc.

AIG paid back Treasury $six.9 million to attenuate the same show of Treasury’s common guarantee demand for AIG. The brand new proceeds originated from AIG’s purchases of their collateral share from inside the MetLife and from finance in the past kept inside anticipation out-of expenditures related towards selling of the American Coverage Co. (ALICO) to help you MetLife.

Treasury ended up selling two hundred million offers out of AIG preferred stock getting proceeds away from $5.8 mil, and you may cancelled $2 billion off previously the amount of time — however, undrawn fund.

AIG repaid Treasury $2.15 mil financed from proceeds from the fresh new deals away from AIG’s Nan Shan term life insurance subsidiary. The fresh new continues were utilized to pay straight back the new You.S. taxpayers‘ financing when you look at the AIG from the redemption off the same bit off Treasury’s prominent security welfare when you look at the AIA Aurora LLC, a part from AIG.

Treasury gotten an installment from AIG out of $972 mil. The newest percentage is financed generally from the scheduled launch of escrowed proceeds from AIG’s product sales from ALICO, part so you can MetLife, Inc. The latest proceeds were utilized to spend right back the brand new U.S. taxpayers‘ money inside the AIG through the redemption out of an equal section regarding Treasury’s well-known collateral interests when you look at the AIA Aurora LLC, a part regarding AIG.