Into the financial crisis, the brand new government’s overall support to possess AIG totaled approximately $182 billion

AIG Program Position

One incorporated almost $70 billion one to Treasury enough time due to TARP and you can $112 billion the full time from the Federal Set aside Lender of the latest York (FRBNY).

From inside the , Treasury offered its kept 234,169,156 offers out-of AIG preferred inventory inside the a keen underwritten public providing getting aggregate continues of around $eight.six mil.

You.S. Institution of your own Treasury

Providing effect to that business, the general confident get back towards the Federal Reserve and you will Treasury’s combined $182 mil commitment to balance out AIG for the financial crisis is actually now $twenty two.eight billion, which have Treasury recognizing a confident go back from $5.0 mil and the Government Set aside recognizing a confident get back from $17.eight million.

Within the complete $5.0 mil self-confident come back to go out, Treasury knew a beneficial $cuatro.1 mil confident return with the its preferred inventory holdings and you can a great $0.9 billion positive get back towards the the preferred stock holdings. Within the Government Reserve’s $17.eight mil confident go back to date is actually a $6.8 million positive get back into Government Set aside Lender of new York’s (FRBNY) funds to help you AIG; good $step one.cuatro mil self-confident come back towards the prominent welfare throughout the AIA Aurora and ALICO special-purpose car you to stored AIG’s premier foreign lives insurance coverage subsidiaries; and a mixed $9.5 mil positive get back with the Maiden Lane II & III special purpose automobile.

The brand new combined finances out of $9.5 mil from the Maiden Way II and III special purpose automobile, and this ordered financial-relevant property from AIG and its counterparties, illustrated the biggest part of the total $twenty-two.eight mil positive go back.

As financial crisis, AIG has actually performed a dramatic restructuring effort, and this put it in the a healthier updates to repay taxpayers. How big the company could have been slash almost in half whilst marketed non-core possessions and you can concerned about its key insurance operations. AIG’s Lending products device (AIGFP) are leftover injury off features slash its legacy derivatives exposure from the more than 93 percent installment loans in Alabama at this point.

Within the last 19 days, Treasury presented half dozen personal offerings regarding AIG well-known inventory, offering a maximum of step 1,655,037,962 shares (to start with ninety five % away from AIG’s a great prominent inventory) at the the average price of $ each share. Treasury’s $20.seven billion AIG popular inventory giving during the by yourself portrayed the largest solitary U.Smon stock giving ever.

Adopting the are fundamental incidents because restructuring at the beginning of 2011. Check a details graphic describing every biggest AIG purchases as a consequence of .

AIG paid down Treasury $2.2 million into the arises from this new income of their subsidiaries AIG Celebrity Insurance Co., Ltd. and you can AIG Edison Coverage Providers so you’re able to Prudential Financial, Inc.

AIG paid down Treasury $6.9 mil to minimize an equal share off Treasury’s prominent security interest in AIG. New proceeds originated from AIG’s profit of their equity stake during the MetLife and you may away from fund previously stored for the anticipation regarding expenses relevant with the purchases of the Western Life insurance Co. (ALICO) so you’re able to MetLife.

Treasury ended up selling 200 billion shares off AIG preferred inventory for proceeds from $5.8 mil, and you will cancelled $2 million away from previously enough time — however, undrawn funds.

AIG paid Treasury $2.fifteen million funded through the arises from new selling away from AIG’s Nan Shan insurance subsidiary. The new continues were used to blow straight back brand new You.S. taxpayers’ funding inside AIG from the redemption out-of an equal portion regarding Treasury’s preferred security appeal inside AIA Aurora LLC, a subsidiary off AIG.

Treasury obtained a cost from AIG from $972 mil. The fresh new percentage is actually funded mainly from the scheduled discharge of escrowed arises from AIG’s business off ALICO, part so you can MetLife, Inc. The new proceeds were utilized to invest right back the latest You.S. taxpayers’ financing in AIG from redemption regarding an equal section out-of Treasury’s prominent equity hobbies into the AIA Aurora LLC, a subsidiary out-of AIG.