{"id":1460,"date":"2010-11-01T15:15:00","date_gmt":"2010-11-01T15:15:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/aig-raises-money-to-pay-off-new-york-fed-payment\/1458\/"},"modified":"2010-11-01T15:15:00","modified_gmt":"2010-11-01T15:15:00","slug":"aig-raises-money-to-pay-off-new-york-fed-payment","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/aig-raises-money-to-pay-off-new-york-fed-payment\/1460\/","title":{"rendered":"AIG Raises Money to Pay off New York Fed Payment"},"content":{"rendered":"<p><strong>American International Group <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=aig\" target=\"_self\" rel=\"noopener\">(NYSE: AIG)<\/a> <\/strong>has announced that it has raised $27.71 billion in cash from its IPO and sale of Alico. The IPO took 10 days to collect this amount. The sum is enough to repay the credit facility the insurer had obtained from Federal Reserve Bank of New York.<\/p>\n<ul>\n<li>American International Group had offered IPO of its Asian life insurance business AIA.<\/li>\n<li>American International Group sold Alico to MetLife Inc.<\/li>\n<\/ul>\n<p>American International Group has finalized the sale of Alico at $16.2 billion. Out of this consideration, $7.2 billion will be paid in cash. The company had sold AIA shares on October 22. It exercised the overallotment option on the sale on October 29.<\/p>\n<p>American International Group will use the proceeds for repaying NY FED repayment. It will also make other bailout payments. The company refused to make any other announcement. The company\u2019s recapitalization seeks to increase the speed of payment of bailout funds. These funds total $182.3 billion. These repayments will pay off NY FED in full. However, US treasury department will get to retain 92.1 percent right in the company.<\/p>\n<p>AIG is a a global insurance company.<\/p>\n<p><span id=\"more-1460\"><\/span><\/p>\n<p>Key Financial Stats<\/p>\n<p>Valuation<\/p>\n<ul>\n<li>Price\/Earnings(TTM)-<\/li>\n<li>Price\/Cash      Flow-0.50<\/li>\n<li>Price\/Sales      (TTM)0.07<\/li>\n<li>Price\/Book1.63<\/li>\n<\/ul>\n<p>Financial Strength<\/p>\n<ul>\n<li>Quick      Ratio (MRQ)-<\/li>\n<li>Current      Ratio (MRQ)-<\/li>\n<li>LT      Debt to Equity (MRQ)38.64<\/li>\n<li>Total      Debt to Capital (MRQ)38.64<\/li>\n<li>Return      on Equity-<\/li>\n<\/ul>\n<p>Assets<\/p>\n<ul>\n<li>Asset      Turnover0.10<\/li>\n<li>Asset      per Employee-<\/li>\n<li>Inventory      Turnover-<\/li>\n<\/ul>\n<p>Per Share Data<\/p>\n<ul>\n<li>Earnings      (TTM)-66.68<\/li>\n<li>Current      P\/E Ratio-<\/li>\n<li>Cash      Flow-82.00<\/li>\n<li>Annual      Dividend0.00<\/li>\n<li>Book      Value25.81<\/li>\n<li>EBITDA9.10<\/li>\n<\/ul>\n<p>Profitability<\/p>\n<ul>\n<li>Market      Cap-66.68<\/li>\n<li>Gross      Margin (TTM)-<\/li>\n<li>Operating      Margin (TTM)9.10<\/li>\n<li>Profit      Margin (TTM) -11.90<\/li>\n<\/ul>\n<p>Management Effectiveness<\/p>\n<ul>\n<li>Return      on Equity (TTM)-<\/li>\n<li>Return      on Assets (TTM)-1.20%<\/li>\n<li>Return      on Investment (TTM)-4.70%<\/li>\n<\/ul>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n<div style=\"padding:0px;margin:0px;margin-bottom:15px;\">\n<div style=\"width:338px;height:280px;\">\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW Single Post - Footer *\/\ngoogle_ad_slot = \"9968072899\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<\/div>\n<p><br style=\"clear:both\">\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>American International Group (NYSE: AIG) has announced that it has raised $27.71 billion in cash from its IPO and sale [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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