When you look at the financial crisis, the fresh new government’s overall support having AIG totaled as much as $182 mil

When you look at the financial crisis, the fresh new government’s overall support having AIG totaled as much as $182 mil

AIG System Standing

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One to incorporated nearly $70 million you to Treasury the time compliment of TARP and $112 million enough time from the Federal Set-aside Financial of the latest York (FRBNY).

Inside , Treasury offered its left 234,169,156 shares out of AIG well-known inventory in an underwritten public giving to possess aggregate proceeds of around $seven.6 million.

You.S. Department of one’s Treasury

Offering perception to that marketing, the overall self-confident go back into the Federal Reserve and you may Treasury’s combined $182 million dedication to balance AIG when you look at the financial crisis was today $22.eight billion, that have Treasury realizing a confident go back regarding $5.0 million and the Federal Set aside realizing a positive return away from $17.7 mil.

Included in its total $5.0 million confident go back to day, Treasury know good $cuatro.step 1 billion confident go back to your its preferred inventory holdings and you will good $0.nine mil self-confident return on the its prominent inventory holdings. Within the Federal Reserve’s $17.eight billion self-confident come back to date are a $six.8 billion self-confident get back with the Federal Set aside Lender of brand new York’s (FRBNY) funds so you’re able to AIG; an effective $1.4 billion self-confident get back on the preferred welfare on the AIA Aurora and ALICO special-purpose vehicle one kept AIG’s biggest international lifestyle insurance coverage subsidiaries; and you will a mixed $nine.5 mil self-confident get installment loans in Iowa back towards Maiden Way II & III special purpose auto.

The latest combined profit of $nine.5 mil about Maiden Way II and you can III special-purpose car, and therefore purchased mortgage-associated assets regarding AIG as well as counterparties, depicted the largest portion of the full $22.seven billion self-confident return.

As the overall economy, AIG keeps performed a dramatic reorganizing work, hence put it inside the a more powerful standing to settle taxpayers. How big the organization could have been slashed nearly in two whilst marketed non-key assets and you can concerned about the core insurance rates businesses. AIG’s Lending products product (AIGFP) is staying injury down possesses cut its heritage types exposure by the more 93 percent up to now.

In the last 19 weeks, Treasury used six public products out-of AIG prominent stock, offering a total of step one,655,037,962 shares (originally ninety five % out of AIG’s a fantastic prominent stock) at the typical cost of $ for every single express. Treasury’s $20.seven million AIG prominent inventory providing inside the by yourself represented the largest unmarried You.Smon inventory providing ever.

After the are key occurrences because the reorganizing at the beginning of 2011. Evaluate a records artwork detailing most of the biggest AIG purchases courtesy .

AIG paid off Treasury $dos.2 billion in arises from the latest deals of its subsidiaries AIG Celebrity Life insurance policies Co., Ltd. and you will AIG Edison Life insurance coverage Providers so you’re able to Prudential Monetary, Inc.

AIG paid back Treasury $6.nine million to reduce an equal show from Treasury’s common equity need for AIG. The newest proceeds originated in AIG’s selling of their guarantee stake in MetLife and you will of fund before held from inside the expectation out of expenses related into revenue of the American Coverage Co. (ALICO) so you’re able to MetLife.

Treasury marketed two hundred billion shares regarding AIG preferred inventory for continues regarding $5.8 million, and you will terminated $2 million out-of before enough time — but undrawn financing.

AIG repaid Treasury $2.fifteen million funded from the arises from brand new income of AIG’s Nan Shan life insurance policies subsidiary. This new continues were utilized to invest straight back new You.S. taxpayers’ money from inside the AIG from redemption off the same bit away from Treasury’s well-known equity appeal from inside the AIA Aurora LLC, a subsidiary regarding AIG.

Treasury obtained a cost regarding AIG regarding $972 billion. The brand new fee try funded mostly from scheduled launch of escrowed arises from AIG’s marketing out-of ALICO, subsidiary so you’re able to MetLife, Inc. New proceeds were used to invest right back the brand new U.S. taxpayers’ financial support into the AIG through the redemption off an equal piece regarding Treasury’s popular collateral hobbies inside the AIA Aurora LLC, a part regarding AIG.