AIG System Status

You to definitely provided almost $70 million one to Treasury the full time compliment of TARP and you can $112 billion committed of the Federal Reserve Lender of new York (FRBNY).

Into the , Treasury marketed the leftover 234,169,156 offers of AIG popular inventory in an enthusiastic underwritten social providing for aggregate proceeds of around $eight.6 million.

U.S. Service of your Treasury

Giving impression to this purchases, the general positive go back for the Government Set-aside and you can Treasury’s combined $182 billion dedication to stabilize AIG during the overall economy try today $twenty two.seven mil, with Treasury realizing a positive go back off $5.0 billion in addition to Government Set aside realizing a positive return of $17.eight million.

Within the complete $5.0 mil positive return to time, Treasury know a beneficial $4.1 million positive get back into their common stock holdings and you will a $0.9 billion confident get back with the its popular inventory holdings. Within the Government Reserve’s $17.seven million confident return to date are an effective $6.8 mil self-confident get back with the Federal Put aside Financial of the latest York’s (FRBNY) financing in order to AIG; an excellent $1.4 million confident return on prominent welfare on the AIA Aurora and you will ALICO special purpose vehicles that kept AIG’s biggest international lives insurance rates subsidiaries; and you can a blended $nine.5 mil confident go back towards Maiden Way II & III special-purpose auto.

helpful hints

The joint cash out-of $9.5 million on the Maiden Way II and you will III special-purpose vehicles, which ordered mortgage-relevant possessions off AIG and its own counterparties, illustrated the greatest part of the complete $22.eight million confident go back.

Just like the financial crisis, AIG possess performed a remarkable reorganizing energy, and therefore place it inside a stronger standing to settle taxpayers. How big is the organization could have been clipped almost by 50 percent since it marketed non-center possessions and you may focused on its center insurance surgery. AIG’s Lending products unit (AIGFP) is continuing to be wound off and has now reduce their legacy types coverage of the more than 93 % thus far.

In the last 19 months, Treasury used six personal products away from AIG preferred inventory, attempting to sell a total of 1,655,037,962 offers (to start with ninety-five % off AIG’s a good popular inventory) during the the common price of $ for each and every display. Treasury’s $20.7 billion AIG preferred inventory giving inside the alone portrayed the largest single You.Smon stock providing ever.

Following are key occurrences because the reorganizing in early 2011. Check a facts visual detailing the biggest AIG transactions as a consequence of .

AIG reduced Treasury $2.2 mil from inside the arises from the fresh new business of the subsidiaries AIG Celebrity Insurance Co., Ltd. and you may AIG Edison Life insurance policies Organization to help you Prudential Economic, Inc.

AIG repaid Treasury $6.9 million to reduce an equal share off Treasury’s well-known collateral need for AIG. Brand new continues originated from AIG’s revenue of its equity risk in MetLife and you may off finance before held when you look at the anticipation of costs associated on selling of its American Life insurance Co. (ALICO) so you can MetLife.

Treasury offered 2 hundred million offers away from AIG well-known stock for continues out-of $5.8 billion, and you may cancelled $dos billion of previously the full time — but undrawn loans.

AIG paid off Treasury $2.15 billion funded from proceeds from the new revenue out-of AIG’s Nan Shan coverage subsidiary. This new proceeds were used to spend back new U.S. taxpayers’ funding for the AIG from redemption off the same bit of Treasury’s popular security interests inside AIA Aurora LLC, a part away from AIG.

Treasury obtained a cost out-of AIG of $972 mil. This new fee are financed mainly from booked release of escrowed proceeds from AIG’s sales out of ALICO, subsidiary to MetLife, Inc. The latest continues were utilized to expend straight back the fresh new U.S. taxpayers’ investment when you look at the AIG from the redemption off the same section from Treasury’s popular security interests inside AIA Aurora LLC, a subsidiary off AIG.