Four years following its $182 billion financial bailout of American International Group, Inc. (AIG), the United States Department of Treasury (Treasury) and the Federal Reserve have now sold almost all of their remaining AIG ownership interest, which at one time reached 92 percent, and have achieved a net positive investment return of $22.7 billion.
This remarkable result was achieved today when the Treasury announced the sale of 234 million common shares at $32.50 per share, the same price it received for a similar sale in September 2012.
For details about the most recent sale plus an historical perspective on AIG's recovery, see this Bloomberg News article posted on "New Jersey Business".
AIG Structured Settlements
AIG's significant role in the U.S. structured settlement market, and the impact of AIG's 2008 financial collapse, are apparent from annual AIG structured settlement annuity premium results compiled by Melissa Evola - with AIG's estimated annual share of the U.S. structured settlement annuity market in parentheses.
- 2002 - $1.179 billion (19%)
- 2003 - $1.195 billion (20%)
- 2004 - $1.221 billion (20%)
- 2005 - $1.316 billion (21%)
- 2006 - $1.463 billion (24%)
- 2007 - $1.468 billion (24%)
- 2008 - $1.454 billion (23%)
- 2009 - $0.429 billion (8%)
- 2010 - $0.499 billion (9%)
- 2011 - $0.395 billion (11%)
For the first three quarters of 2012, based upon Evola's reporting, AIG (Amgen/AILife) sold $409,213,518 of total structured settlement premium representing 11 percent of total U.S. structured settlement annuity premium ($3,570,584,333) for the same period.
Within those totals, AIG sold "non-qualified"(tax deferred) structured settlement annuity premium of $35,406,499 representing 25 percent of the total non-qualified structured settlement annuity premium ($143,480,280).
For estimated annual structured settlement annuity premium (1975-2011), see the structured settlement wiki.