During the financial crisis, the fresh new government’s total support to own AIG totaled around $182 mil

AIG System Standing

You to provided nearly $70 million you to Treasury the full time due to TARP and you may $112 million the amount of time of the Federal Set aside Lender of the latest York (FRBNY).

In , Treasury marketed their kept 234,169,156 offers away from AIG prominent stock inside the a keen underwritten social giving for aggregate continues of approximately $7.six million.

U.S. Agency of one’s Treasury

Offering perception to that particular marketing, the general positive return on Government Set-aside and you will Treasury’s mutual $182 billion commitment to stabilize AIG into the economic crisis are now $twenty two.seven million, that have Treasury realizing a confident get back out-of $5.0 billion and the Federal Set aside realizing an optimistic return off $17.eight million.

Included in the complete $5.0 mil positive go back to date, Treasury understood a great $4.step 1 billion self-confident come back towards the prominent stock holdings and an effective $0.9 mil self-confident come back towards the common inventory holdings. Included in the Government Reserve’s $17.7 mil confident go back to time was a $6.8 billion positive return into the Government Set aside Financial of brand new York’s (FRBNY) financing in order to AIG; good $step 1.cuatro mil self-confident return toward common interests in the AIA Aurora and you will ALICO special-purpose vehicle you to definitely kept AIG’s prominent foreign existence insurance policies subsidiaries; and you can a combined $nine.5 million positive get back to your Maiden Way II & III special purpose vehicle.

This new mutual funds away from $9.5 million in the Maiden Lane II and you may III special-purpose car, hence purchased financial-related assets off AIG and its particular counterparties, illustrated the biggest part of the total $twenty two.7 million self-confident get back.

Once the overall economy, AIG has performed a dramatic restructuring efforts, which put it from inside the a more powerful updates to repay taxpayers. The size of the business might have been slash nearly in half because it ended up selling low-center assets and you will focused on the center insurance policies procedures. AIG’s Lending products device (AIGFP) try remaining wound off and has now slashed the legacy types publicity by the over 93 % so far.

During the last 19 weeks, Treasury presented six societal offerings out of AIG well-known stock, attempting to sell a maximum of 1,655,037,962 shares (originally ninety-five percent off AIG’s a good prominent stock) during the an average price of $ for every express. Treasury’s $20.7 billion AIG prominent inventory providing when you look at the alone illustrated the largest single You.Smon inventory giving ever.

Following the are foundational to events because the reorganizing at the beginning of 2011. Examine an information visual detailing all the biggest AIG purchases because of .

AIG paid down Treasury $2.2 billion inside arises from the new business of its subsidiaries AIG Celebrity Coverage Co., Ltd. and you can AIG Edison Life insurance Company so you’re able to Prudential Financial, Inc.

AIG repaid Treasury $six.nine million to attenuate an equal display off Treasury’s common guarantee demand for AIG. The fresh proceeds originated in AIG’s deals of their security stake when you look at the MetLife and you may from fund in past times kept inside the expectation regarding expenditures related to your income of their Western Term life insurance Co. (ALICO) so you can MetLife.

Treasury offered two hundred million offers off AIG popular stock to have continues regarding $5.8 billion, and you will cancelled $2 million off in the past the time — however, undrawn loans.

AIG paid off Treasury $dos.15 million financed through the proceeds from the fresh sales out-of AIG’s Nan Shan term life insurance subsidiary. New continues were used to pay straight back the fresh new U.S. taxpayers’ capital when you look at the AIG from the redemption regarding an equal portion away from Treasury’s common security interests in AIA Aurora LLC, a subsidiary of AIG.

Treasury received an installment out of AIG away from $972 mil. The brand new fee is funded generally from the arranged discharge of escrowed proceeds from AIG’s income regarding ALICO, part in order to MetLife, Inc. The fresh continues were utilized to pay straight back the U.S. taxpayers’ funding during the AIG from redemption from the same part away from Treasury’s well-known equity hobbies inside AIA Aurora LLC, a part out-of AIG.