AIG Program Reputation

One to provided almost $70 mil one Treasury the amount of time due to TARP and $112 mil enough time by the Government Put aside Lender of new York (FRBNY).

Within the , Treasury sold their remaining 234,169,156 shares out of AIG popular stock inside the a keen underwritten personal providing for aggregate continues around $eight.6 million.

U.S. Company of the Treasury

Giving impression to that sales, the overall confident get back to the Government Set aside and you may Treasury’s mutual $182 million dedication to stabilize AIG in financial crisis is actually today $twenty-two.seven million, with Treasury recognizing a positive get back out of $5.0 billion and Government Reserve realizing a positive come back out of $17.eight billion.

Included in its complete $5.0 million positive return to date, Treasury knew a $cuatro.1 billion confident come back into their Missouri cash and title loan preferred stock holdings and an excellent $0.9 million confident return to your their prominent stock holdings. As part of the Government Reserve’s $17.7 mil self-confident return to big date is actually an effective $6.8 mil self-confident come back on Federal Set-aside Bank of new York’s (FRBNY) fund to AIG; a beneficial $1.4 billion confident come back into the common appeal on AIA Aurora and ALICO special-purpose auto one held AIG’s prominent international lives insurance policies subsidiaries; and you can a combined $9.5 billion confident return on Maiden Way II & III special purpose automobile.

The newest mutual money away from $nine.5 billion regarding the Maiden Lane II and you can III special-purpose auto, hence purchased home loan-related property from AIG and its counterparties, illustrated the biggest part of the overall $twenty-two.7 million positive come back.

Since the economic crisis, AIG provides undertaken a remarkable reorganizing efforts, and therefore place it into the a stronger standing to repay taxpayers. How big the business might have been slashed nearly in half as it sold non-key possessions and you will focused on its key insurance functions. AIG’s Financial products equipment (AIGFP) is staying wound off features slashed their history types visibility because of the more than 93 per cent at this point.

During the last 19 days, Treasury used half dozen social choices out-of AIG well-known inventory, attempting to sell a total of step 1,655,037,962 offers (originally ninety five per cent off AIG’s an excellent popular stock) at the common cost of $ for every display. Treasury’s $20.eight mil AIG well-known stock giving in the alone depicted the largest single U.Smon inventory giving of them all.

Following the are key situations because the reorganizing at the beginning of 2011. See a details graphic describing every major AIG transactions as a consequence of .

AIG paid down Treasury $dos.2 billion in the proceeds from the brand new marketing of their subsidiaries AIG Star Term life insurance Co., Ltd. and AIG Edison Life insurance Business to help you Prudential Financial, Inc.

AIG reduced Treasury $6.9 mil to minimize the same share of Treasury’s popular security demand for AIG. The latest continues originated AIG’s revenue of its equity share inside the MetLife and you will out of funds in past times kept inside the expectation regarding expenses relevant to your deals of their American Life insurance policies Co. (ALICO) so you’re able to MetLife.

Treasury marketed 2 hundred billion shares out of AIG popular stock to own continues out of $5.8 billion, and terminated $2 million out of in the past the full time — however, undrawn finance.

AIG paid off Treasury $2.15 billion funded from arises from new marketing off AIG’s Nan Shan insurance part. New proceeds were utilized to invest right back the fresh new U.S. taxpayers’ financing for the AIG from the redemption out of an equal portion of Treasury’s common equity passions inside the AIA Aurora LLC, a part away from AIG.

Treasury acquired a fees regarding AIG off $972 mil. Brand new payment is financed generally from arranged discharge of escrowed arises from AIG’s selling of ALICO, part so you can MetLife, Inc. This new continues were utilized to blow right back the You.S. taxpayers’ funding from inside the AIG from the redemption off the same part away from Treasury’s popular security appeal when you look at the AIA Aurora LLC, a subsidiary away from AIG.