When you look at the economic crisis, brand new government’s total assistance to have AIG totaled as much as $182 million

AIG System Position

You to definitely incorporated almost $70 mil one to Treasury enough time due to TARP and you can $112 mil the full time of the Federal Put aside Lender of brand new York (FRBNY).

Into the , Treasury sold its leftover 234,169,156 shares out-of AIG preferred inventory from inside the an underwritten societal offering for aggregate proceeds of around $eight.6 billion.

U.S. Agencies of your own Treasury

Providing impact to that income, the overall confident get back toward Federal Reserve and Treasury’s combined $182 million dedication to stabilize AIG when you look at the overall economy is now $twenty-two.eight mil, that have Treasury recognizing an optimistic get back regarding $5.0 mil and the Government Set-aside realizing an optimistic return away from $17.7 million.

As an element of its full $5.0 mil self-confident come back to day, Treasury understood a great $4.step one mil self-confident go back with the the common stock holdings and you may a $0.9 mil confident go back towards the the well-known inventory holdings. Within the Federal Reserve’s $17.seven billion positive come back to big date is good $six.8 mil confident get back into the Federal Set-aside Bank of new York’s (FRBNY) fund so you can AIG; a great $step one.cuatro million self-confident get back to the prominent appeal in the AIA Aurora and ALICO special purpose auto one to held AIG’s largest overseas life insurance coverage subsidiaries; and you can a blended $nine.5 million positive return into the Maiden Way II & III special-purpose vehicle.

The newest joint earnings of $9.5 billion from the Maiden Way II and III special-purpose vehicle, hence bought mortgage-associated possessions of AIG and its own counterparties, portrayed the greatest portion of the total $twenty two.7 million positive come back.

Because financial crisis, AIG has actually performed a dramatic reorganizing work, and therefore put it when you look a fantastic read at the a healthier updates to settle taxpayers. The dimensions of the company could have been slashed almost in half because offered low-center possessions and you may worried about the core insurance businesses. AIG’s Financial products equipment (AIGFP) was continuing to be injury off and also slashed its heritage types publicity because of the over 93 per cent so far.

During the last 19 weeks, Treasury held half a dozen personal choices out-of AIG prominent stock, attempting to sell a total of step 1,655,037,962 offers (to start with 92 % of AIG’s a great well-known stock) at the an average price of $ each share. Treasury’s $20.seven billion AIG prominent stock offering inside the by yourself illustrated the largest unmarried You.Smon stock giving of all time.

Pursuing the are fundamental events given that restructuring in early 2011. See a facts visual discussing the biggest AIG purchases owing to .

AIG paid back Treasury $2.2 billion inside the arises from the sales of its subsidiaries AIG Celebrity Life insurance coverage Co., Ltd. and you may AIG Edison Term life insurance Organization to Prudential Economic, Inc.

AIG paid Treasury $6.9 mil to attenuate the same share out of Treasury’s preferred guarantee interest in AIG. The latest proceeds originated AIG’s deals of its equity stake inside MetLife and you may out-of financing in earlier times kept inside expectation away from expenditures associated to your profit of its Western Life insurance policies Co. (ALICO) to MetLife.

Treasury offered 200 billion offers of AIG prominent inventory having continues from $5.8 million, and cancelled $2 million regarding before the time — but undrawn money.

AIG repaid Treasury $dos.15 billion financed through the arises from the latest product sales off AIG’s Nan Shan insurance subsidiary. The newest continues were used to pay right back the fresh You.S. taxpayers’ capital inside the AIG from redemption out of an equal piece out-of Treasury’s common security passions for the AIA Aurora LLC, a part out of AIG.

Treasury obtained an installment out of AIG from $972 billion. The percentage was funded mainly through the scheduled discharge of escrowed arises from AIG’s income away from ALICO, part in order to MetLife, Inc. The fresh continues were used to invest straight back the latest U.S. taxpayers’ funding for the AIG from the redemption away from the same part regarding Treasury’s prominent guarantee hobbies into the AIA Aurora LLC, a part from AIG.