AIG System Condition

You to provided almost $70 billion one to Treasury committed using TARP and you may $112 million enough time by Government Put aside Lender of brand new York (FRBNY).

From inside the , Treasury marketed their remaining 234,169,156 shares out of AIG popular stock inside a keen underwritten societal providing to own aggregate continues of about $eight.6 million.

U.S. Institution of one’s Treasury

Providing feeling to this product sales, all round self-confident go back to your Government Reserve and you may Treasury’s shared $182 billion commitment to stabilize AIG in economic crisis is actually now $22.7 million, which have Treasury realizing a positive get back out of $5.0 million and Federal Reserve realizing a confident come back of $17.seven billion.

As part of its total $5.0 mil self-confident go back to time, Treasury know a good $cuatro.step one billion confident return on their prominent inventory holdings and you can a good $0.nine million self-confident get back to your the common inventory holdings. Included in the Government Reserve’s $17.eight billion positive return to date is a great $6.8 mil positive go back into the Federal Set-aside Lender of brand new York’s (FRBNY) fund to AIG; an effective $step one.4 mil confident return towards the popular hobbies from the AIA Aurora and you will ALICO special-purpose auto that stored AIG’s biggest international life insurance rates subsidiaries; and you can a combined $nine.5 million positive return towards Maiden Way II & III special purpose automobile.

The brand new shared profit off $9.5 million on Maiden Way II and III special purpose auto, and that bought financial-related possessions regarding AIG as well as counterparties, represented the most significant part of the overall $twenty-two.eight million confident return.

Since the financial crisis, AIG keeps done a remarkable restructuring work, and that place it from inside the a more powerful position to settle taxpayers. The dimensions of the organization might have been slash almost in half as it ended up selling non-center assets and you can worried about its key insurance policies businesses. AIG’s Borrowing products tool (AIGFP) are remaining wound off and has reduce the legacy types visibility by the over 93 percent so far.

During the last 19 weeks, Treasury held half a dozen public offerings out-of AIG common installment loans in California stock, attempting to sell all in all, step one,655,037,962 offers (to begin with 92 percent away from AIG’s outstanding popular inventory) during the an average cost of $ for each and every show. Treasury’s $20.seven mil AIG prominent inventory giving within the by yourself represented the biggest unmarried You.Smon inventory offering ever.

Following are fundamental situations once the reorganizing during the early 2011. Have a look at a suggestions graphic discussing all the big AIG purchases by way of .

AIG paid Treasury $2.2 million in arises from the latest business of its subsidiaries AIG Superstar Life insurance Co., Ltd. and AIG Edison Life insurance Providers to help you Prudential Financial, Inc.

AIG paid back Treasury $six.nine billion to reduce an equal express out-of Treasury’s preferred equity need for AIG. The brand new continues came from AIG’s revenue of the equity risk in the MetLife and you will off loans in the past held into the anticipation off costs relevant with the product sales of their American Life insurance policies Co. (ALICO) to MetLife.

Treasury offered 2 hundred mil shares of AIG preferred inventory for continues regarding $5.8 billion, and you may cancelled $dos billion out of in past times the full time — however, undrawn money.

AIG paid Treasury $2.fifteen mil funded through the arises from the new sale off AIG’s Nan Shan term life insurance part. Brand new continues were used to blow back the newest You.S. taxpayers’ capital from inside the AIG through the redemption of an equal part of Treasury’s preferred equity welfare for the AIA Aurora LLC, a part off AIG.

Treasury gotten a cost out-of AIG regarding $972 mil. Brand new payment was funded mostly from the scheduled discharge of escrowed arises from AIG’s income away from ALICO, part to MetLife, Inc. The new proceeds were used to invest back the U.S. taxpayers’ capital for the AIG from redemption out-of an equal bit off Treasury’s prominent equity hobbies into the AIA Aurora LLC, a part away from AIG.