AIG System Reputation

You to provided almost $70 mil one Treasury the amount of time using TARP and $112 billion committed of the Federal Reserve Lender of brand new York (FRBNY).

Inside the , Treasury marketed their remaining 234,169,156 offers out-of AIG preferred stock when you look at the a keen underwritten social giving to own aggregate continues of around $seven.6 billion.

You.S. Department of the Treasury

Providing feeling to that sale, the entire positive get back into the Federal Set aside and you can Treasury’s mutual $182 billion dedication to balance out AIG from inside the overall economy is actually today $twenty two.eight mil, with Treasury realizing an optimistic return out-of $5.0 billion therefore the Government Set-aside realizing a confident go back regarding $17.7 million.

Within their total $5.0 mil positive come back to date, Treasury knew a good $cuatro.step 1 billion confident go back to your the common inventory holdings and you may an effective $0.nine mil confident come back towards the preferred stock holdings. As part of the Federal Reserve’s $17.seven million self-confident go back to day are a $six.8 million confident go back to your Federal Set-aside Financial of use a link brand new York’s (FRBNY) money so you can AIG; a $step 1.cuatro billion confident come back with the prominent hobbies regarding AIA Aurora and you will ALICO special-purpose car one kept AIG’s premier foreign lives insurance rates subsidiaries; and you may a mixed $nine.5 million self-confident get back into the Maiden Lane II & III special purpose auto.

The newest combined profit from $9.5 mil about Maiden Way II and you may III special-purpose car, hence purchased home loan-related assets from AIG and its particular counterparties, represented the largest portion of the complete $twenty two.seven mil self-confident return.

Just like the financial crisis, AIG enjoys done a dramatic reorganizing work, hence place it in a healthier reputation to settle taxpayers. The size of the company might have been clipped almost in two whilst ended up selling non-center possessions and you will concerned about its key insurance coverage procedures. AIG’s Financial products equipment (AIGFP) are continuing to be wound off and has slashed their history types coverage because of the more than 93 percent yet.

During the last 19 weeks, Treasury used six social offerings away from AIG prominent stock, offering a total of 1,655,037,962 shares (to start with ninety five percent of AIG’s a great popular stock) on the average cost of $ each share. Treasury’s $20.eight million AIG prominent stock providing when you look at the alone portrayed the most significant solitary You.Smon stock offering of them all.

After the are foundational to situations given that reorganizing in early 2011. View a suggestions artwork outlining all of the major AIG transactions using .

AIG paid down Treasury $dos.2 million inside proceeds from the fresh new selling of their subsidiaries AIG Celebrity Insurance Co., Ltd. and AIG Edison Life insurance Team to Prudential Monetary, Inc.

AIG paid back Treasury $6.nine billion to reduce the same share away from Treasury’s preferred equity demand for AIG. New proceeds originated from AIG’s marketing of their guarantee risk inside the MetLife and you may away from funds in the past stored within the anticipation of costs related with the profit of their American Life insurance policies Co. (ALICO) so you can MetLife.

Treasury sold two hundred mil offers of AIG common stock to possess proceeds away from $5.8 mil, and terminated $dos million out of in past times enough time — but undrawn money.

AIG paid Treasury $2.15 billion financed from the proceeds from the brand new sale out-of AIG’s Nan Shan term life insurance subsidiary. The newest proceeds were utilized to spend straight back the latest You.S. taxpayers’ investment in the AIG through the redemption off an equal bit from Treasury’s well-known guarantee passion for the AIA Aurora LLC, a subsidiary from AIG.

Treasury received a cost away from AIG from $972 million. The newest fee try funded mainly from the planned launch of escrowed arises from AIG’s marketing of ALICO, part to MetLife, Inc. Brand new proceeds were used to pay right back the newest U.S. taxpayers’ financing when you look at the AIG from the redemption away from the same part off Treasury’s preferred collateral hobbies when you look at the AIA Aurora LLC, a subsidiary away from AIG.