When you look at the economic crisis, the latest government’s full service to have AIG totaled whenever $182 million

AIG Program Position

One provided almost $70 million that Treasury the time through TARP and $112 billion committed because of the Federal Reserve Financial of brand new York (FRBNY).

In the , Treasury sold the remaining 234,169,156 offers of AIG preferred stock in an enthusiastic underwritten social giving to own aggregate proceeds around $7.6 million.

U.S. Company of your own Treasury

Giving impression to that product sales, the overall self-confident return to the Federal Set-aside and you may Treasury’s mutual $182 mil dedication to stabilize AIG in the financial crisis are today $twenty two.7 mil, which have Treasury recognizing a positive return regarding $5.0 million and also the Federal Set aside realizing an optimistic return out-of $17.seven billion.

Included in the full $5.0 billion self-confident return to big date, Treasury realized an excellent $4.step 1 billion positive go back towards their popular stock holdings and you can good $0.9 million confident return towards the the popular inventory holdings. Included in the Federal Reserve’s $17.eight mil positive go back to date was a great $six.8 billion self-confident come back to your Government Set aside Financial of brand new York’s (FRBNY) funds so you’re able to AIG; a $1.cuatro mil self-confident come back to the common welfare regarding AIA Aurora and you will ALICO special purpose auto you to kept AIG’s largest overseas life insurance rates subsidiaries; and a blended $nine.5 million positive come back to your Maiden Way II & III special purpose vehicle.

Brand new shared money from $9.5 million regarding Maiden Way II and you can III special purpose car, and this bought home loan-relevant assets of AIG as well as counterparties, represented the biggest part of the overall $twenty-two.eight mil positive get back.

Because overall economy, AIG has performed a remarkable restructuring energy, and this put it inside the a healthier status to settle taxpayers. The dimensions of the organization has been cut almost in two since it sold low-core assets and concerned about its core insurance policies businesses. AIG’s Financial products equipment (AIGFP) are leftover wound down and has reduce their history derivatives

visibility from the more 93 percent yet.

Within the last 19 months, Treasury conducted six societal offerings of AIG popular inventory, attempting to sell a maximum of 1,655,037,962 offers (in the first place ninety-five percent regarding AIG’s a fantastic prominent inventory) from the the common cost of $ for every single express. Treasury’s $20.7 million AIG preferred stock giving in the alone represented the largest solitary U.Smon stock providing of them all.

After the are foundational to situations due to the fact reorganizing in early 2011. View a suggestions visual discussing all major AIG transactions thanks to .

AIG paid off Treasury $2.2 million within the arises from the profit of the subsidiaries AIG Celebrity Term life insurance Co., Ltd. and AIG Edison Life insurance coverage Business so you can Prudential Economic, Inc.

AIG paid back Treasury $six.9 million to reduce the same express out of Treasury’s prominent guarantee interest in AIG. New continues originated AIG’s deals of its equity stake during the MetLife and you may out-of finance in earlier times held for the anticipation out of costs related with the purchases of its American Life insurance Co. (ALICO) to help you MetLife.

Treasury ended up selling 2 hundred million shares away from AIG popular inventory to possess proceeds out of $5.8 million, and you can terminated $2 million regarding in earlier times committed — but undrawn money.

AIG repaid Treasury $2.fifteen billion financed through the arises from the business out-of AIG’s Nan Shan payday loan? term life insurance part. The proceeds were utilized to pay back the U.S. taxpayers’ investment when you look at the AIG from redemption away from the same bit from Treasury’s common equity interests into the AIA Aurora LLC, a part away from AIG.

Treasury obtained an installment from AIG from $972 mil. This new commission was financed mainly from booked discharge of escrowed proceeds from AIG’s selling off ALICO, subsidiary in order to MetLife, Inc. Brand new proceeds were utilized to invest right back the fresh new U.S. taxpayers’ financial support when you look at the AIG from the redemption away from the same portion off Treasury’s popular collateral appeal inside AIA Aurora LLC, a subsidiary of AIG.