AIG Program Condition

You to definitely incorporated almost $70 billion that Treasury committed because of TARP and $112 million committed by Government Put aside Bank of new York (FRBNY).

In the , Treasury offered their leftover 234,169,156 offers off AIG prominent stock inside an enthusiastic underwritten public offering having aggregate proceeds of about $7.six million.

U.S. Service of one’s Treasury

Providing perception to that income, the general positive get back to the Federal Put aside and you may Treasury’s shared $182 billion commitment to balance out AIG inside economic crisis was today $twenty-two.seven billion, having Treasury realizing a confident come back regarding $5.0 mil as well as the Federal Reserve realizing an optimistic get back away from $17.7 billion.

Within its total $5.0 mil online personal loans MS confident return to date, Treasury know good $cuatro.1 million self-confident come back on the its popular stock holdings and you can a beneficial $0.nine mil confident come back to the the popular inventory holdings. Included in the Government Reserve’s $17.7 mil self-confident come back to day are an effective $6.8 mil positive get back towards Federal Set aside Bank of brand new York’s (FRBNY) fund in order to AIG; a $step 1.4 mil confident go back with the prominent hobbies regarding the AIA Aurora and ALICO special purpose vehicles one to stored AIG’s premier overseas lives insurance coverage subsidiaries; and a mixed $nine.5 billion positive go back with the Maiden Lane II & III special purpose automobile.

The combined money away from $9.5 million in the Maiden Lane II and you may III special-purpose auto, and this purchased home loan-related property away from AIG as well as counterparties, portrayed the biggest portion of the overall $twenty two.7 billion positive get back.

Given that economic crisis, AIG have done a dramatic reorganizing effort, which place it for the a stronger reputation to repay taxpayers. How big the organization could have been cut almost in two whilst sold non-core possessions and you can focused on its center insurance coverage functions. AIG’s Borrowing products device (AIGFP) is leftover wound off and it has clipped its legacy derivatives exposure from the more 93 % up until now.

Over the past 19 days, Treasury presented six social choices regarding AIG well-known inventory, offering all in all, step one,655,037,962 offers (originally ninety-five per cent regarding AIG’s an excellent preferred stock) during the an average price of $ per express. Treasury’s $20.seven mil AIG common inventory offering for the alone represented the biggest solitary U.Smon inventory giving of them all.

After the are key situations due to the fact restructuring in early 2011. Examine a details artwork explaining the big AIG transactions as a result of .

AIG repaid Treasury $2.dos mil from inside the arises from new income of their subsidiaries AIG Celebrity Life insurance policies Co., Ltd. and you can AIG Edison Life insurance policies Providers to help you Prudential Monetary, Inc.

AIG paid Treasury $six.nine mil to reduce the same express from Treasury’s common guarantee demand for AIG. The proceeds came from AIG’s selling of their security share during the MetLife and you may away from money in the past stored in expectation out-of expenses associated towards sale of the American Life insurance policies Co. (ALICO) in order to MetLife.

Treasury marketed 200 million offers away from AIG well-known stock to possess proceeds away from $5.8 mil, and you will cancelled $2 billion regarding in the past the amount of time — but undrawn financing.

AIG paid down Treasury $2.15 million funded from proceeds from the latest purchases away from AIG’s Nan Shan term life insurance part. The newest continues were utilized to spend back brand new U.S. taxpayers’ funding within the AIG from the redemption off an equal portion away from Treasury’s preferred equity hobbies in AIA Aurora LLC, a subsidiary away from AIG.

Treasury obtained an installment regarding AIG off $972 million. The new fee try financed mostly through the arranged release of escrowed arises from AIG’s sale off ALICO, subsidiary to MetLife, Inc. The proceeds were used to expend straight back new U.S. taxpayers’ funding for the AIG from the redemption from the same part from Treasury’s common equity appeal in AIA Aurora LLC, a part out-of AIG.