AIG Program Updates

You to provided nearly $70 billion you to definitely Treasury the time as a consequence of TARP and $112 million the amount of time by the Government Set-aside Bank of brand new York (FRBNY).

During the , Treasury marketed their left 234,169,156 shares regarding AIG prominent inventory inside an underwritten personal providing to have aggregate proceeds of about $7.six million.

U.S. Agency of bad credit personal loans Georgia one’s Treasury

Offering impact to that particular business, the general confident go back with the Government Set aside and Treasury’s mutual $182 mil dedication to balance AIG inside the overall economy is actually now $twenty two.seven mil, with Treasury realizing an optimistic go back of $5.0 million and the Federal Put aside recognizing a confident come back off $17.eight mil.

Within the full $5.0 billion self-confident come back to time, Treasury know a $cuatro.step one billion confident get back to the its prominent stock holdings and you can a good $0.9 mil confident come back to your their common inventory holdings. Included in the Government Reserve’s $17.seven mil self-confident go back to day try an excellent $six.8 million self-confident get back into the Federal Set aside Financial of the latest York’s (FRBNY) funds to AIG; a $step 1.cuatro billion positive get back toward prominent passions on the AIA Aurora and you can ALICO special purpose vehicle you to stored AIG’s prominent foreign lifestyle insurance rates subsidiaries; and a blended $9.5 mil confident get back on the Maiden Lane II & III special-purpose automobile.

The newest combined earnings out-of $9.5 million on the Maiden Way II and you may III special purpose vehicles, and this purchased mortgage-related possessions out of AIG as well as counterparties, illustrated the most significant part of the complete $twenty-two.7 mil positive get back.

Since the economic crisis, AIG keeps undertaken a remarkable reorganizing effort, which put it in the a more powerful position to repay taxpayers. How big the organization might have been cut nearly in two as it offered low-center possessions and you may concerned about the core insurance coverage surgery. AIG’s Financial products device (AIGFP) try remaining injury down and also cut its heritage derivatives visibility by more than 93 percent thus far.

During the last 19 months, Treasury conducted six social offerings of AIG well-known inventory, offering a maximum of 1,655,037,962 offers (originally ninety five % out-of AIG’s an excellent well-known stock) within an average price of $ each display. Treasury’s $20.seven million AIG prominent inventory providing from inside the by yourself depicted the greatest unmarried U.Smon stock offering of all time.

After the are fundamental incidents as reorganizing in early 2011. Evaluate an ideas artwork explaining all of the biggest AIG purchases thanks to .

AIG paid back Treasury $dos.2 mil when you look at the arises from the brand new selling of their subsidiaries AIG Superstar Life insurance Co., Ltd. and AIG Edison Life insurance policies Providers so you’re able to Prudential Monetary, Inc.

AIG paid down Treasury $six.9 million to minimize the same display from Treasury’s preferred guarantee need for AIG. The fresh new proceeds originated in AIG’s income of their security share from inside the MetLife and you can off funds before kept from inside the anticipation out of expenses associated on the business of its American Life insurance policies Co. (ALICO) to MetLife.

Treasury offered 2 hundred billion offers off AIG preferred inventory to have proceeds out-of $5.8 mil, and terminated $dos billion of in the past the time — but undrawn finance.

AIG repaid Treasury $dos.15 million financed through the proceeds from the latest business from AIG’s Nan Shan coverage part. The fresh new continues were used to expend straight back the U.S. taxpayers’ investment when you look at the AIG from redemption out-of an equal piece from Treasury’s common security hobbies into the AIA Aurora LLC, a subsidiary out of AIG.

Treasury received a repayment out of AIG out of $972 mil. The new percentage is funded primarily through the scheduled release of escrowed arises from AIG’s product sales away from ALICO, part in order to MetLife, Inc. The fresh new proceeds were utilized to pay straight back the latest You.S. taxpayers’ financial support within the AIG from redemption away from the same part off Treasury’s prominent equity interests in AIA Aurora LLC, a subsidiary out of AIG.