AIG Program Standing

That provided nearly $70 million you to definitely Treasury the time due to TARP and you can $112 million enough time by Government Set aside Financial of brand new York (FRBNY).

Inside the , Treasury ended up selling their left 234,169,156 offers out of AIG preferred stock during the an underwritten societal offering getting aggregate proceeds of approximately $7.6 mil.

You.S. Company of one’s Treasury

Offering impression to this selling, the general self-confident return to your Federal Reserve and you may Treasury’s shared $182 mil dedication to balance AIG for the overall economy are today $twenty-two.7 mil, which have Treasury recognizing a positive return out-of $5.0 billion therefore the Federal Set-aside realizing a confident come back of $17.eight billion.

As an element of its total $5.0 billion self-confident return to date, Treasury know a $cuatro.step one million confident go back towards the its prominent personal loans online Alabama inventory holdings and good $0.nine million positive get back with the their prominent inventory holdings. As part of the Government Reserve’s $17.seven billion positive return to time try an excellent $six.8 billion self-confident go back for the Government Set-aside Lender of new York’s (FRBNY) money so you’re able to AIG; a beneficial $step one.4 mil positive go back into prominent passion from the AIA Aurora and ALICO special purpose car one to held AIG’s premier foreign life insurance rates subsidiaries; and a combined $9.5 mil confident go back on the Maiden Lane II & III special-purpose vehicle.

The fresh new shared funds out-of $nine.5 mil on Maiden Way II and you will III special-purpose auto, which bought financial-related possessions of AIG and its counterparties, illustrated the largest part of the full $twenty two.7 billion confident go back.

As overall economy, AIG have undertaken a remarkable restructuring work, which place it during the a stronger position to repay taxpayers. The size of the company has been slashed almost in two whilst ended up selling low-core possessions and you may concerned about its key insurance rates operations. AIG’s Lending products equipment (AIGFP) are staying injury down and also reduce its heritage derivatives publicity because of the more than 93 % yet.

In the last 19 months, Treasury presented half dozen social products out-of AIG common inventory, selling all in all, 1,655,037,962 offers (originally ninety-five percent of AIG’s a good well-known inventory) at an average cost of $ for every share. Treasury’s $20.eight million AIG common stock providing inside by yourself represented the largest single You.Smon stock giving of all time.

After the are fundamental occurrences once the restructuring in early 2011. Consider a suggestions artwork outlining most of the biggest AIG purchases by way of .

AIG paid back Treasury $2.dos million during the proceeds from the newest revenue of their subsidiaries AIG Celebrity Life insurance coverage Co., Ltd. and AIG Edison Life insurance Company to Prudential Economic, Inc.

AIG paid down Treasury $six.9 billion to minimize an equal show out of Treasury’s common collateral demand for AIG. Brand new proceeds originated in AIG’s marketing of their guarantee share in the MetLife and you may regarding financing prior to now stored when you look at the expectation regarding expenses relevant to the sales of the American Term life insurance Co. (ALICO) in order to MetLife.

Treasury sold 200 million offers out of AIG common stock to have proceeds away from $5.8 million, and you can terminated $dos mil out of previously the time — but undrawn money.

AIG paid Treasury $2.fifteen billion financed through the proceeds from the fresh selling out of AIG’s Nan Shan life insurance subsidiary. Brand new proceeds were used to blow right back the You.S. taxpayers’ money inside AIG through the redemption away from an equal portion regarding Treasury’s prominent collateral appeal when you look at the AIA Aurora LLC, a part regarding AIG.

Treasury obtained a repayment out of AIG away from $972 mil. This new fee try financed mainly from planned release of escrowed arises from AIG’s sales regarding ALICO, part so you’re able to MetLife, Inc. This new proceeds were used to spend straight back the brand new U.S. taxpayers’ investment from inside the AIG through the redemption regarding the same part away from Treasury’s common security hobbies within the AIA Aurora LLC, a subsidiary out of AIG.