When you look at the economic crisis, new government’s total support getting AIG totaled whenever $182 billion

When you look at the economic crisis, new government’s total support getting AIG totaled whenever $182 billion

AIG System Condition

That included almost $70 mil you to definitely Treasury enough time due to TARP and you will $112 million the full time because of the Government Set aside Lender of brand new York (FRBNY).

From inside the , Treasury offered their leftover 234,169,156 shares regarding AIG preferred inventory from inside the a keen underwritten social giving for aggregate proceeds of about $seven.six million.

You bad credit installment loans Hawai.S. Institution of your own Treasury

Providing perception to that particular profit, all round positive go back towards the Government Set aside and Treasury’s shared $182 million commitment to balance AIG for the economic crisis is actually today $twenty two.seven mil, with Treasury realizing a positive get back from $5.0 mil therefore the Federal Set-aside realizing a confident go back away from $17.7 million.

Included in its overall $5.0 billion confident return to date, Treasury knew a beneficial $cuatro.step 1 billion positive come back toward its well-known inventory holdings and you may an excellent $0.9 mil confident go back with the its common stock holdings. Within the Government Reserve’s $17.eight mil confident go back to big date is an excellent $six.8 million positive go back towards the Federal Set-aside Bank of new York’s (FRBNY) finance in order to AIG; a good $step 1.cuatro billion self-confident return on well-known interests about AIA Aurora and ALICO special-purpose automobile that stored AIG’s biggest international lifetime insurance coverage subsidiaries; and you can a combined $nine.5 mil self-confident go back to the Maiden Lane II & III special purpose automobile.

The newest joint funds from $nine.5 million on Maiden Lane II and you can III special purpose car, and therefore ordered mortgage-associated possessions of AIG and its own counterparties, portrayed the greatest part of the overall $22.7 million self-confident go back.

While the financial crisis, AIG provides performed a dramatic restructuring efforts, hence place it during the a more powerful position to settle taxpayers. How big is the company could have been cut nearly in two since it marketed non-key assets and you can concerned about their key insurance rates surgery. AIG’s Borrowing products equipment (AIGFP) are continuing to be wound down features reduce the legacy types publicity by more than 93 per cent up to now.

Over the last 19 days, Treasury presented half a dozen public offerings off AIG common inventory, attempting to sell a maximum of step 1,655,037,962 shares (to begin with ninety five per cent out-of AIG’s a fantastic preferred stock) during the the common cost of $ for each share. Treasury’s $20.eight billion AIG common stock giving into the alone depicted the greatest solitary You.Smon stock providing of them all.

Pursuing the are fundamental occurrences as the restructuring during the early 2011. Evaluate a suggestions visual discussing most of the big AIG transactions courtesy .

AIG reduced Treasury $dos.dos billion into the proceeds from brand new income of its subsidiaries AIG Superstar Insurance Co., Ltd. and you can AIG Edison Life insurance coverage Company so you’re able to Prudential Monetary, Inc.

AIG repaid Treasury $six.9 mil to minimize the same share off Treasury’s preferred guarantee interest in AIG. The proceeds originated from AIG’s product sales of the security risk inside the MetLife and you will off financing in past times stored in expectation away from costs associated with the sales of the American Insurance Co. (ALICO) in order to MetLife.

Treasury sold two hundred billion offers from AIG popular stock to own proceeds off $5.8 million, and you will terminated $dos mil off in earlier times committed — but undrawn finance.

AIG reduced Treasury $dos.fifteen million financed from the proceeds from the fresh selling off AIG’s Nan Shan insurance part. The latest continues were used to blow back the latest U.S. taxpayers’ financing inside the AIG from redemption of an equal bit of Treasury’s common equity passion when you look at the AIA Aurora LLC, a subsidiary out-of AIG.

Treasury gotten an installment out-of AIG out of $972 billion. The newest payment was funded mainly through the planned release of escrowed proceeds from AIG’s profit from ALICO, part in order to MetLife, Inc. This new proceeds were utilized to pay back brand new You.S. taxpayers’ capital in AIG through the redemption out-of an equal bit from Treasury’s common guarantee passions in the AIA Aurora LLC, a part out-of AIG.