AIG System Status
One to provided almost $70 billion you to Treasury the full time as a consequence of TARP and you will $112 mil the amount of time by Federal Set-aside Lender of new York (FRBNY).
Inside , Treasury offered their kept 234,169,156 offers from AIG well-known inventory from inside the an enthusiastic underwritten public giving to have aggregate proceeds of about $seven.6 mil.
You.S. Institution of your Treasury
Giving feeling to that particular business, the general self-confident go back towards Federal Reserve and you can Treasury’s mutual $182 billion dedication to stabilize AIG inside overall economy try today $22.seven million, having Treasury realizing a confident go back from $5.0 mil and Federal Reserve recognizing a confident return out of $17.seven million.
Included in its overall $5.0 million confident come back to big date, Treasury understood a great $4.step 1 million self-confident go back to your its prominent inventory holdings and you can an excellent $0.9 billion confident come back towards its well-known stock holdings. As part of the Federal Reserve’s $17.seven mil self-confident return to go out is actually a $six.8 million confident get back toward Federal Reserve Financial of the latest York’s (FRBNY) funds so you’re able to AIG; a great $1.4 million self-confident come back towards the preferred passion on AIA Aurora and ALICO special-purpose auto that kept AIG’s largest international lifetime insurance coverage subsidiaries; and you will a mixed $nine.5 billion confident come back on Maiden Lane II & III special purpose car.
This new mutual finances away from $nine.5 mil regarding the Maiden Lane II and III special-purpose car, which purchased home loan-relevant possessions from AIG and its own counterparties, depicted the greatest portion of the total $twenty-two.seven million self-confident go back.
Because overall economy, AIG enjoys done a dramatic restructuring energy, and that place it when you look at the a more powerful standing to repay taxpayers. How big is the company has been slashed nearly in half since it offered low-core property and concerned about the key insurance policies surgery. AIG’s Financial products device (AIGFP) are leftover injury off and contains cut the history derivatives coverage of the more 93 percent yet.
Over the last 19 days, Treasury used six social offerings out of AIG well-known stock, attempting to sell a maximum of step 1,655,037,962 shares (to start with 92 per cent of AIG’s a good well-known stock) at the the common price of $ for every single show. Treasury’s $20.7 billion AIG well-known stock offering in alone illustrated the greatest unmarried U.Smon inventory giving of all time.
Following are key incidents since reorganizing at the beginning of 2011. Take a look at a suggestions artwork explaining all of the major AIG purchases as a consequence of .
AIG paid off Treasury $dos.dos mil in arises from new revenue of their subsidiaries AIG Star Life insurance coverage Co., Ltd. and you can AIG Edison Life insurance Company to help you Prudential Economic, Inc.
AIG paid back Treasury $6.9 billion to attenuate an equal express from Treasury’s preferred equity demand for AIG. The fresh new continues originated from AIG’s sale of the security share from inside the MetLife and you will from fund in earlier times stored inside the expectation off expenditures related towards the marketing of its Western Life insurance coverage Co. (ALICO) in order to MetLife.
Treasury sold 2 hundred mil shares regarding AIG common stock for continues out-of $5.8 million, and cancelled $dos billion out-of before enough time — however, undrawn fund.
AIG repaid Treasury $dos.fifteen million funded from arises from the marketing from AIG’s Nan Shan coverage subsidiary. The fresh continues were used to expend right back the fresh new U.S. taxpayers’ financial support in the AIG from redemption from an equal section from Treasury’s well-known collateral passion in http://cashadvanceamerica.net/payday-loans-wy/ the AIA Aurora LLC, a subsidiary out of AIG.
Treasury obtained a repayment of AIG regarding $972 million. The fresh new percentage is funded mainly through the booked release of escrowed proceeds from AIG’s business from ALICO, part in order to MetLife, Inc. The fresh new continues were used to spend straight back the newest U.S. taxpayers’ investment inside AIG from redemption out of the same piece off Treasury’s preferred guarantee passion inside AIA Aurora LLC, a subsidiary from AIG.