AIG System Updates

One to included almost $70 billion that Treasury the amount of time as a consequence of TARP and $112 million enough time from the Federal Set-aside Lender of the latest York (FRBNY).

During the , Treasury sold the left 234,169,156 shares regarding AIG popular inventory for the a keen underwritten personal giving to have aggregate proceeds of approximately $7.6 million.

U.S. Company of your Treasury

Providing impact to that particular business, the general positive come back with the Federal Reserve and you may Treasury’s mutual $182 million commitment to balance AIG during the overall economy was now $twenty-two.seven million, which have Treasury realizing an optimistic go back of $5.0 billion additionally the Federal Put aside realizing a positive go back regarding $17.7 million.

As an element of the overall $5.0 billion positive go back to time, Treasury realized a great $4.1 million confident go back to the its preferred inventory holdings and you will an excellent $0.9 mil confident get back towards the the preferred stock holdings. As part of the Government Reserve’s $17.eight billion confident return to big date is an effective $six.8 mil self-confident come back on Federal Reserve Lender of the latest York’s (FRBNY) funds so you’re able to AIG; an excellent $step 1.4 billion positive return to the prominent appeal regarding the AIA Aurora and you may ALICO special-purpose automobile one to kept AIG’s prominent foreign lifetime insurance subsidiaries; and a blended $9.5 billion self-confident return towards Maiden Way II & III special purpose automobile.

The fresh new shared funds out of $nine.5 mil about Maiden Lane II and you can III special purpose vehicles, and that ordered mortgage-related assets away from AIG and its particular counterparties, depicted the greatest portion of the full $twenty two.7 mil positive go back.

As financial crisis, AIG have undertaken a dramatic restructuring effort, and this put it within the a more powerful status to settle taxpayers. The size of the organization has been slashed nearly by 50 percent since it ended up selling non-key possessions and you will concerned about the center insurance rates businesses. AIG’s Lending products equipment (AIGFP) is leftover wound off and also clipped their heritage types coverage by the over 93 per cent so far.

Within the last 19 months, Treasury presented half dozen social offerings out-of AIG popular stock, offering all in all, step one,655,037,962 offers (to start with ninety-five per cent off AIG’s an excellent popular stock) on the average price of $ for every express. Treasury’s $20.7 billion AIG common inventory giving in the by yourself illustrated the largest solitary U.Smon inventory offering at this moment.

Adopting the are fundamental events as the restructuring during the early 2011. Consider an info artwork outlining all the major AIG deals thanks to .

AIG paid down Treasury $dos.dos billion during the arises from this new deals of the subsidiaries AIG Superstar Life insurance coverage Co., Ltd. and you will AIG Edison Life insurance coverage Providers to Prudential Monetary, Inc.

AIG reduced Treasury $6.nine million to minimize the same express from Treasury’s popular guarantee need for AIG. The newest continues originated AIG’s revenue of its collateral risk when you look at the MetLife and you can off money before kept inside the anticipation off expenses relevant to your product sales of its American Life loans for bad credit on line insurance policies Co. (ALICO) in order to MetLife.

Treasury ended up selling 200 billion offers from AIG common stock to possess continues out of $5.8 billion, and you can terminated $dos million from prior to now the full time — however, undrawn fund.

AIG repaid Treasury $2.fifteen million financed from arises from the fresh new purchases away from AIG’s Nan Shan insurance subsidiary. New proceeds were utilized to blow right back this new You.S. taxpayers’ financial support inside AIG from the redemption away from an equal portion out of Treasury’s preferred collateral welfare within the AIA Aurora LLC, a part away from AIG.

Treasury acquired a fees off AIG out-of $972 mil. The latest payment is actually funded generally through the planned discharge of escrowed proceeds from AIG’s product sales out-of ALICO, part to MetLife, Inc. The latest continues were used to invest back the new You.S. taxpayers’ money inside the AIG from redemption from an equal portion regarding Treasury’s preferred collateral passion when you look at the AIA Aurora LLC, a subsidiary off AIG.