When you look at the financial crisis, the fresh new government’s overall assistance to have AIG totaled whenever $182 mil

AIG Program Updates

That provided almost $70 mil you to Treasury the time as a consequence of TARP and $112 billion the full time because of the Government Set aside Bank of new York (FRBNY).

Inside the , Treasury marketed their remaining 234,169,156 offers out of AIG prominent inventory inside an enthusiastic underwritten public providing to possess aggregate continues around $7.6 mil.

You.S. Institution of one’s Treasury

Offering impression compared to that sales, the entire positive go back to your Government Set aside and you will Treasury’s shared $182 million commitment to balance out AIG during the economic crisis is today $22.eight billion, that have Treasury recognizing an optimistic return out of $5.0 million and Government Set-aside recognizing an optimistic get back of $17.7 mil.

Within their full $5.0 billion confident go back to go out, Treasury knew a great $cuatro.step 1 mil confident return toward the prominent stock holdings and you can a good $0.9 billion confident go back to the the prominent stock holdings. Within the Government Reserve’s $17.7 mil self-confident go back to time are a good $6.8 mil self-confident come back to your Federal Set-aside Financial of new York’s (FRBNY) financing to help you AIG; a good $1.4 billion confident go back into prominent interests in the AIA Aurora and you may ALICO special purpose automobile you to stored AIG’s biggest overseas lifetime insurance subsidiaries; and you will a blended $9.5 mil positive come back on the Maiden Lane II & III special-purpose auto.

The fresh new combined finances of $9.5 billion on the Maiden Lane II and III special-purpose auto, hence bought financial-relevant property away from AIG as well as counterparties, represented the most significant portion of the complete $twenty-two.seven million self-confident return.

As the economic crisis, AIG has actually undertaken a remarkable restructuring efforts, and therefore place it from inside the a healthier position to settle taxpayers. How big the company could have been slash almost in two because offered low-core assets and focused on the core insurance coverage surgery. AIG’s Borrowing products tool (AIGFP) try leftover wound off and also reduce its legacy types exposure because of the more 93 percent thus far.

Over the last 19 days, Treasury held half dozen public offerings off AIG common inventory, selling all in all, 1,655,037,962 shares (in the first place ninety five percent from AIG’s an excellent popular inventory) at the typical cost of $ for every single share. Treasury’s $20.seven billion AIG common inventory giving during the alone illustrated the most significant solitary U.Smon stock providing in history.

Pursuing the are foundational to occurrences due to the fact restructuring in early 2011. Consider a details graphic explaining the biggest AIG transactions through .

AIG reduced Treasury try the web-site $dos.2 billion inside the arises from the fresh new business of their subsidiaries AIG Superstar Insurance Co., Ltd. and AIG Edison Coverage Team to Prudential Financial, Inc.

AIG paid down Treasury $6.nine billion to reduce the same show off Treasury’s common guarantee demand for AIG. The proceeds came from AIG’s revenue of its security risk in the MetLife and you will away from money in earlier times held within the anticipation of costs related for the income of their American Life insurance Co. (ALICO) so you can MetLife.

Treasury ended up selling two hundred billion shares out of AIG popular inventory for continues off $5.8 billion, and you can cancelled $2 million of in the past committed — however, undrawn funds.

AIG paid back Treasury $dos.fifteen billion financed from the arises from the latest sale out-of AIG’s Nan Shan coverage part. The fresh continues were used to blow back the newest You.S. taxpayers’ investment during the AIG from the redemption from an equal bit from Treasury’s common equity passion in AIA Aurora LLC, a subsidiary off AIG.

Treasury received a cost regarding AIG of $972 billion. The brand new commission was financed primarily from the arranged launch of escrowed arises from AIG’s marketing from ALICO, subsidiary to MetLife, Inc. New continues were utilized to expend straight back the new U.S. taxpayers’ capital from inside the AIG from redemption out-of the same portion of Treasury’s well-known equity appeal in the AIA Aurora LLC, a subsidiary out-of AIG.