Inside the economic crisis, brand new government’s complete help getting AIG totaled everything $182 mil

AIG Program Reputation

One included almost $70 mil one Treasury the amount of time using TARP and you can $112 million the full time of the Federal Reserve Lender of the latest York (FRBNY).

When you look at the , Treasury ended up selling its kept 234,169,156 shares out-of AIG preferred stock in the an underwritten social giving for aggregate continues around $seven.6 million.

You.S. Agencies of your Treasury

Providing impression compared to that profit, the entire confident get back toward Federal Set-aside and you may Treasury’s combined $182 million commitment to balance out AIG into the overall economy was today $22.eight mil, that have Treasury realizing a positive go back away from $5.0 mil additionally the Government Put aside recognizing an optimistic come back of $17.eight billion.

As an element of their complete $5.0 million self-confident return to big date, Treasury realized good $4.step one million positive return on the its popular stock holdings and you may a good $0.9 mil confident come back to the the popular stock holdings. Within the Federal Reserve’s $17.7 mil confident return to big date is actually an effective $six.8 million self-confident return to the Government Put aside Financial of the latest York’s (FRBNY) fund in order to AIG; a great $step one.cuatro million self-confident get back into the popular passions on the AIA Aurora and ALICO special-purpose vehicles you to definitely stored AIG’s biggest international existence insurance rates subsidiaries; and you will a mixed $nine.5 billion confident return towards the Maiden Way II & III special purpose auto.

The mutual profit regarding $9.5 million in the Maiden Way II and you will III special purpose vehicle, and therefore bought financial-relevant possessions away from AIG and its counterparties, represented the largest portion of the complete $twenty-two.7 mil positive return.

While the economic crisis, AIG has done a remarkable reorganizing efforts, and therefore put it during the a healthier reputation to repay taxpayers. How big the organization could have been slashed nearly in two because it sold low-core possessions and you will worried about the core insurance rates surgery. AIG’s Borrowing products unit (AIGFP) are remaining wound off and it has reduce the heritage derivatives exposure because of the more than 93 percent so far.

During the last 19 weeks, Treasury used half dozen societal offerings away from AIG common stock, promoting a total of step 1,655,037,962 shares (to begin with 92 percent regarding AIG’s a great well-known stock) within an average cost of $ for every express. Treasury’s $20.eight billion AIG popular stock giving inside by yourself portrayed the biggest unmarried You.Smon inventory offering at this moment.

Following are key situations as the restructuring during the early 2011. Look at a suggestions graphic describing the big AIG transactions compliment of .

AIG repaid Treasury $dos.2 mil in the proceeds from the fresh new income of its subsidiaries AIG Celebrity Life insurance Co., Ltd. and you can AIG Edison Life insurance coverage Team to Prudential Financial, Inc.

AIG paid down Treasury $six.nine million to minimize the same show out-of Treasury’s preferred equity need for AIG. The continues originated from AIG’s purchases of the collateral stake inside the MetLife and regarding loans in earlier times held during the expectation out of expenses related towards sales of its American Coverage Co. (ALICO) so you’re able to MetLife.

Treasury ended up selling 200 million offers from AIG prominent inventory getting proceeds from $5.8 billion, and terminated $dos million out-of before the amount of time — however, undrawn financing.

AIG paid down Treasury $2.fifteen mil financed from arises from the product sales out-of AIG’s Nan Shan insurance subsidiary. The continues were used to invest straight back the newest You.S. taxpayers’ financial support when you look at the AIG from the redemption out-of the same section out-of Treasury’s popular guarantee passion for the AIA Aurora LLC, a part off AIG.

Treasury obtained an installment regarding AIG out of $972 billion. The fresh payment is actually financed mainly through the www.cashadvanceamerica.net/personal-loans-nj scheduled launch of escrowed proceeds from AIG’s sale away from ALICO, part so you can MetLife, Inc. Brand new proceeds were utilized to pay right back brand new You.S. taxpayers’ investment into the AIG from the redemption regarding an equal piece regarding Treasury’s popular equity interests during the AIA Aurora LLC, a part out of AIG.