In financial crisis, the brand new government’s full support for AIG totaled as much as $182 mil

AIG Program Updates

One incorporated almost $70 million that Treasury the time because of TARP and $112 billion committed by the Federal Set aside Bank of the latest York (FRBNY).

During the , Treasury sold their kept 234,169,156 offers away from AIG common inventory in an underwritten societal giving to possess aggregate proceeds of approximately $eight.6 billion.

U.S. Company of the Treasury

Providing feeling compared to that product sales, the general self-confident go back into the Federal Put aside and you will Treasury’s mutual $182 mil dedication to balance out AIG in economic crisis is actually today $twenty two.eight million, that have Treasury recognizing a confident get back off $5.0 mil additionally the Federal Reserve recognizing a confident return out-of $17.eight mil.

Included in the overall $5.0 mil confident go back to day, Treasury knew a great $cuatro.step one billion confident get back on the the popular inventory holdings and you can a good $0.9 billion positive go back towards their prominent inventory holdings. Included in the Federal Reserve’s $17.eight mil confident come back to time is actually a great $6.8 billion positive get back to your Federal Reserve Bank of the latest York’s (FRBNY) money so you can AIG; an excellent $1.4 million self-confident come back toward prominent passions in the AIA Aurora and you will ALICO special-purpose automobile one to stored AIG’s largest international existence insurance subsidiaries; and you will a mixed $nine.5 billion self-confident return towards Maiden Lane II & III special-purpose car.

The new mutual cash out of $nine.5 billion on Maiden Lane II and you may III special purpose vehicle, and that bought financial-related possessions out of AIG and its particular counterparties, portrayed the greatest portion of the complete $22.seven million self-confident go back.

Because the economic crisis, AIG has undertaken a dramatic reorganizing efforts, which put it during the a more powerful standing to repay taxpayers. How big is the firm has been reduce almost in half since it sold low-key assets and you may focused on the key insurance surgery. AIG’s Borrowing products product (AIGFP) is continuing to be injury off and has now clipped its history types coverage of the more than 93 percent thus far.

In the last 19 days, Treasury used half a dozen societal choices out-of AIG common stock, offering a total of 1,655,037,962 offers (to begin with ninety five % from AIG’s outstanding well-known stock) within the average cost of $ for every single show. Treasury’s $20.eight billion AIG common inventory providing into the alone represented the largest unmarried U.Smon stock giving at this moment.

After the are key situations due to the fact restructuring in early 2011. Check an information visual describing most of the big AIG deals courtesy .

AIG repaid Treasury $dos.dos billion in arises from the latest profit of their subsidiaries AIG Superstar Life insurance Co., Ltd. and AIG Edison Insurance Business to help you Prudential Monetary, Inc.

AIG paid off Treasury $six.9 million to minimize an equal share of Treasury’s well-known guarantee interest in AIG. The latest proceeds originated in AIG’s profit of the equity share inside MetLife and of funds prior to now kept inside anticipation of expenditures associated for the business of their American Term life insurance Co. (ALICO) in order to MetLife.

Treasury sold 200 mil offers regarding AIG well-known inventory to have proceeds from $5.8 mil, and terminated $2 million out of in earlier times the full time — but undrawn financing.

AIG repaid Treasury $dos.fifteen billion funded from proceeds from the new product sales from AIG’s Nan Shan life insurance part. This new continues were utilized to pay back the brand new Connecticut installment loans You.S. taxpayers’ investment in the AIG from redemption off the same part of Treasury’s preferred security hobbies in the AIA Aurora LLC, a subsidiary of AIG.

Treasury received a payment of AIG out of $972 billion. The newest percentage are financed primarily from arranged release of escrowed proceeds from AIG’s selling out of ALICO, part in order to MetLife, Inc. The brand new continues were used to invest right back the latest U.S. taxpayers’ financial support inside the AIG through the redemption away from the same portion from Treasury’s preferred guarantee appeal for the AIA Aurora LLC, a subsidiary out-of AIG.