In economic crisis, brand new government’s total support to have AIG totaled approximately $182 million

AIG System Status

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You to definitely provided almost $70 mil you to definitely Treasury the full time compliment of TARP and you will $112 million the amount of time of the Government Set aside Financial of the latest York (FRBNY).

When you look at the , Treasury sold the left 234,169,156 shares away from AIG well-known stock inside the an enthusiastic underwritten personal offering getting aggregate continues of around $eight.six million.

U.S. Agencies of the Treasury

Offering impact to this revenue, all round self-confident go back to your Government Set-aside and you can Treasury’s joint $182 billion commitment to stabilize AIG when you look at the economic crisis was today $22.7 million, which have Treasury realizing a positive get back off $5.0 million therefore the Federal Put aside recognizing a confident return out of $17.7 mil.

Within their full $5.0 million self-confident go back to time, Treasury know a $cuatro.step one million self-confident come back into the their prominent inventory holdings and you may an excellent $0.9 billion self-confident return for the their preferred inventory holdings. As part of the Federal Reserve’s $17.7 million positive return to go out is actually a good $six.8 mil self-confident come back into Federal Reserve Bank of new York’s (FRBNY) funds in order to AIG; a good $step one.4 million positive return on the popular passion regarding the AIA Aurora and you can ALICO special purpose automobile you to held AIG’s largest overseas existence insurance policies subsidiaries; and you may a mixed $9.5 billion confident return toward Maiden Way II & III special-purpose vehicles.

The brand new joint cash regarding $nine.5 billion regarding Maiden Way II and you can III special-purpose auto, and that purchased home loan-relevant property regarding AIG and its particular counterparties, represented the most significant portion of the total $twenty-two.7 million positive get back.

Once the financial crisis, AIG provides done a dramatic reorganizing effort, and therefore put it in the a stronger standing to settle taxpayers. The size of the organization might have been clipped nearly in two because marketed low-key assets and you may focused on its center insurance functions. AIG’s Financial products unit (AIGFP) is actually staying injury off and has slash the history derivatives visibility from the more than 93 percent to date.

Over the past 19 months, Treasury presented six public products of AIG prominent stock, selling all in all, 1,655,037,962 shares (to begin with ninety five percent of AIG’s the well-known inventory) from the an average price of $ per show. Treasury’s $20.seven billion AIG prominent inventory offering inside alone illustrated the biggest solitary U.Smon inventory providing of all time.

Pursuing the are key situations since reorganizing in early 2011. Consider a facts graphic detailing most of the big AIG deals due to .

AIG paid down Treasury $dos.dos million within the proceeds from the fresh business of their subsidiaries AIG Star Term life insurance Co., Ltd. and AIG Edison Coverage Company to Prudential Monetary, Inc.

AIG paid down Treasury $six.nine billion to attenuate an equal express away from Treasury’s popular security demand for AIG. This new installment loans Arkansas proceeds originated in AIG’s marketing of their guarantee stake when you look at the MetLife and of financing prior to now stored in anticipation of expenditures related with the revenue of its Western Insurance Co. (ALICO) to help you MetLife.

Treasury offered 200 million shares of AIG common inventory getting continues out-of $5.8 mil, and you can cancelled $2 mil away from prior to now the time — however, undrawn finance.

AIG paid Treasury $2.fifteen mil financed from the arises from the newest income out-of AIG’s Nan Shan life insurance coverage subsidiary. New proceeds were used to spend right back this new U.S. taxpayers’ capital in AIG through the redemption out-of an equal piece from Treasury’s common guarantee hobbies inside the AIA Aurora LLC, a part out-of AIG.

Treasury received an installment out-of AIG of $972 mil. The brand new payment try funded mostly from the arranged launch of escrowed proceeds from AIG’s business out of ALICO, subsidiary so you’re able to MetLife, Inc. The proceeds were utilized to expend right back brand new You.S. taxpayers’ financing when you look at the AIG from the redemption regarding an equal section away from Treasury’s popular security passions inside the AIA Aurora LLC, a subsidiary out-of AIG.