AIG Program Status
You to definitely included almost $70 million that Treasury the full time owing to TARP and you can $112 million the amount of time of the Federal Set aside Financial of brand new York (FRBNY).
In , Treasury marketed the remaining 234,169,156 offers out of AIG common inventory when you look at the an enthusiastic underwritten public providing getting aggregate proceeds of approximately $eight.six billion.
You.S. Institution of your own Treasury
Giving feeling compared to that revenue, the entire confident come back towards Government Put aside and you will Treasury’s mutual $182 billion dedication to balance AIG in overall economy was now $twenty two.7 mil, with Treasury realizing an optimistic come back off $5.0 million while the Government Reserve recognizing a confident return away from $17.7 million.
As part of their full $5.0 billion confident go back to date, Treasury realized an excellent $cuatro.step one million confident return towards their preferred stock holdings and you will a $0.9 mil self-confident come back to your the well-known inventory holdings. Within the Government Reserve’s $17.7 billion self-confident go back to time try a $6.8 million positive come back towards the Federal Put aside Bank of new York’s (FRBNY) fund in order to AIG; a good $step 1.cuatro mil self-confident get back into popular welfare on the AIA Aurora and you will ALICO special purpose vehicles one to stored AIG’s biggest overseas life insurance subsidiaries; and a blended $nine.5 mil confident return to the Maiden Way II & III special-purpose automobile.
The latest combined money off $nine.5 billion on Maiden Way II and you may III special purpose car, and therefore purchased financial-associated assets off AIG and its counterparties, depicted the largest part of the overall $22.eight billion positive return.
Because the overall economy, AIG possess done a remarkable reorganizing work, and that put it within the a healthier status to settle taxpayers. How big is the organization could have been slash nearly in half because sold low-core property and you will focused on its core insurance procedures. AIG’s Financial products equipment (AIGFP) is actually leftover injury down features reduce its heritage derivatives visibility of the over 93 % to date.
In the last 19 months, Treasury held half a dozen social choices away from AIG preferred stock, offering all in all, step 1,655,037,962 shares (in the first place ninety-five % out-of AIG’s outstanding preferred stock) at the typical cost of $ each show. Treasury’s $20.seven million AIG common inventory giving into the by yourself portrayed the most significant unmarried You.Smon inventory offering of them all.
Pursuing the are foundational to situations because reorganizing at the beginning of 2011. Check an information artwork describing every biggest AIG transactions because of .
AIG paid Treasury $2.2 mil inside the arises from the new revenue of its subsidiaries AIG Star Coverage Co., Ltd. and AIG Edison Life insurance policies Team to help you Prudential Economic, Inc.
AIG paid off Treasury $6.nine billion to minimize the same express out of Treasury’s well-known equity interest in AIG. The new proceeds originated in AIG’s income of their guarantee risk when you look at the MetLife and off loans prior to now kept inside anticipation regarding expenses relevant on the purchases of its American Life insurance coverage Co. (ALICO) in order to MetLife.
Treasury marketed 2 hundred billion shares regarding AIG prominent inventory to own proceeds out of $5.8 million, and you can cancelled $2 million out of before committed — but undrawn loans.
AIG repaid Treasury $2.fifteen million funded from proceeds from the fresh selling out of AIG’s Nan Shan insurance subsidiary. The new continues were used to expend straight back the fresh new U.S. taxpayers’ financial support from inside the AIG from the redemption away from an equal part out-of Treasury’s common equity welfare within the AIA Aurora LLC, a part away from AIG.
Treasury received a cost of AIG out-of bad credit personal loans New Hampshire $972 million. The fresh new fee was funded primarily through the scheduled discharge of escrowed arises from AIG’s sale of ALICO, part to help you MetLife, Inc. Brand new continues were utilized to expend straight back the U.S. taxpayers’ money from inside the AIG from redemption off an equal section out of Treasury’s well-known security welfare from inside the AIA Aurora LLC, a subsidiary from AIG.