In overall economy, the new government’s total help having AIG totaled around $182 mil
AIG Program Status
That provided nearly $70 mil that Treasury the time because of TARP and you may $112 mil the full time by Federal Put aside Financial of new York (FRBNY).
In the , Treasury sold its remaining 234,169,156 offers out-of AIG preferred inventory for the an enthusiastic underwritten public giving getting aggregate continues of approximately $7.six mil.
U.S. Institution of your Treasury
Offering feeling to that profit, the general self-confident return with the Government Reserve and you will Treasury’s joint $182 million commitment to balance AIG when you look at the economic crisis try now $twenty two.eight mil, that have Treasury realizing a positive go back regarding $5.0 billion plus the Federal Set aside realizing a positive get back away from $17.eight million.
Within their complete $5.0 billion confident come back to big date, Treasury knew a beneficial $4.step one mil positive go back to your the preferred stock holdings and a great $0.nine mil confident return toward its well-known stock holdings. As part of the Government Reserve’s $17.seven mil self-confident come back to go out is a great $six.8 billion self-confident return to the Federal Put aside Bank of the latest York’s (FRBNY) loans in order to AIG; a beneficial $step 1.4 mil positive come back on the prominent interests throughout the AIA Aurora and ALICO special purpose vehicle one to kept AIG’s premier overseas lifestyle insurance coverage subsidiaries; and you may a combined $9.5 mil confident come back to your Maiden Lane II & III special-purpose vehicle.
The mutual money away from $nine.5 billion throughout the Maiden Lane II and you will III special-purpose vehicles, and therefore purchased mortgage-associated possessions of AIG as well as counterparties, represented the most significant portion of the full $twenty-two.seven million self-confident get back.
Since financial crisis, AIG has undertaken a remarkable NV installment loans direct lenders reorganizing work, which place it for the a healthier condition to repay taxpayers. How big the organization might have been cut nearly in half since it sold non-center assets and concerned about the core insurance coverage surgery. AIG’s Lending products device (AIGFP) is actually staying wound down and it has slashed its legacy derivatives visibility from the over 93 per cent at this point.
Within the last 19 months, Treasury presented half a dozen public products from AIG common inventory, selling a total of 1,655,037,962 shares (in the first place 92 % out-of AIG’s a good well-known inventory) in the the typical price of $ each show. Treasury’s $20.eight million AIG preferred stock giving when you look at the alone represented the biggest single U.Smon inventory giving in history.
After the are foundational to events as the reorganizing at the beginning of 2011. Take a look at an info graphic discussing every biggest AIG deals compliment of .
AIG paid off Treasury $2.dos mil into the arises from new deals of their subsidiaries AIG Celebrity Term life insurance Co., Ltd. and you will AIG Edison Life insurance policies Business so you’re able to Prudential Financial, Inc.
AIG paid off Treasury $6.nine mil to minimize the same show from Treasury’s prominent collateral demand for AIG. The fresh new continues originated AIG’s business of their collateral risk during the MetLife and you may regarding money in earlier times stored when you look at the anticipation of expenditures associated on deals of the Western Life insurance coverage Co. (ALICO) in order to MetLife.
Treasury offered two hundred mil offers from AIG common stock getting continues of $5.8 million, and cancelled $dos million from previously the full time — however, undrawn fund.
AIG paid back Treasury $2.fifteen mil funded through the proceeds from the latest profit away from AIG’s Nan Shan life insurance subsidiary. This new proceeds were utilized to spend straight back the U.S. taxpayers’ investment into the AIG from redemption away from an equal portion of Treasury’s prominent guarantee welfare into the AIA Aurora LLC, a subsidiary out of AIG.
Treasury received a repayment from AIG out-of $972 million. Brand new payment was financed primarily from scheduled discharge of escrowed proceeds from AIG’s product sales from ALICO, part so you’re able to MetLife, Inc. Brand new continues were utilized to blow right back this new U.S. taxpayers’ resource inside the AIG from the redemption away from the same section from Treasury’s prominent collateral hobbies into the AIA Aurora LLC, a part out of AIG.
