AIG Program Standing

You to integrated nearly $70 billion you to definitely Treasury committed courtesy TARP and $112 billion committed because of the Government Set aside Bank of brand new York (FRBNY).

Inside the , Treasury offered their remaining 234,169,156 offers regarding AIG prominent inventory during the a keen underwritten social offering to own aggregate continues around $eight.6 million.

You.S. Department of the Treasury

Providing impact to that sales, all round confident return to your Federal Set aside and you can Treasury’s combined $182 mil commitment to stabilize AIG in economic crisis is today $twenty two.seven mil, with Treasury realizing a confident go back out of $5.0 million in addition to Federal Reserve realizing an optimistic return regarding $17.eight million.

Within its complete $5.0 mil positive return to big date, Treasury know an excellent $4.step one billion confident get back to the the common stock holdings and you may a beneficial $0.9 million positive get back for the their prominent inventory holdings. Within the Federal Reserve’s $17.eight million confident go back to go out is a good $six.8 billion positive get back for the Federal Set-aside Lender of the latest York’s (FRBNY) money to help you AIG; a $step one.cuatro mil confident get back on the well-known welfare about AIA Aurora and you may ALICO special purpose auto you to definitely kept AIG’s biggest overseas lifetime insurance subsidiaries; and you may a mixed $nine.5 mil self-confident return on the Maiden Lane II & III special-purpose vehicles.

This new shared profit regarding $nine.5 million in the Maiden Way II and III special purpose auto, and that ordered home loan-related possessions from AIG and its particular counterparties, represented the most significant portion of the complete $twenty two.7 mil confident come back.

Just like the economic crisis, AIG possess done a remarkable reorganizing energy, hence put it when you look at the a stronger updates to repay taxpayers. How big is the business has been cut almost in two as it marketed non-key possessions and you can concerned about the key insurance rates surgery. AIG’s Lending products product (AIGFP) try staying wound down and contains reduce the history types coverage of the more 93 per cent yet.

Within the last 19 weeks, Treasury presented half a dozen social choices away from AIG prominent stock, promoting a maximum of 1,655,037,962 offers (in the first place ninety five per cent out of AIG’s a great prominent stock) from the the common price of $ each display. Treasury’s $20.7 million AIG preferred inventory offering in by yourself illustrated the most significant single You.Smon stock offering ever.

Following are fundamental situations since restructuring in early 2011. See a records visual outlining most of the significant AIG deals due to .

AIG paid Treasury $2.2 billion into the proceeds from the latest revenue of their subsidiaries AIG Star Life insurance Co., Ltd. and AIG Edison Insurance Providers so you can Prudential Monetary, Inc.

AIG paid back Treasury $six.9 mil to reduce the same express out of Treasury’s well-known equity need for AIG. The proceeds came from AIG’s profit of their equity share inside the MetLife and away from money previously kept into the anticipation out of expenditures related on the business of the American Coverage Co. (ALICO) so you can MetLife.

Treasury sold two hundred mil offers out-of AIG prominent inventory getting proceeds of $5.8 mil, and cancelled $dos mil out-of in earlier times the amount of time — however, undrawn money.

AIG paid down Treasury $dos.15 million financed from arises from new business away from AIG’s Nan Shan life insurance coverage subsidiary. The continues were utilized to spend back brand new U.S. taxpayers’ financial support for the AIG through the redemption away from the same section out of Treasury’s well-known collateral welfare inside AIA Aurora LLC, a subsidiary from AIG.

Treasury acquired a payment away from AIG off $972 million. The fee is actually financed generally through the booked release of escrowed arises from AIG’s sale of ALICO, subsidiary online payday loan Massachusetts to help you MetLife, Inc. Brand new continues were used to spend straight back the newest U.S. taxpayers’ investment within the AIG from the redemption out of the same part out of Treasury’s prominent collateral welfare into the AIA Aurora LLC, a part away from AIG.