AIG: Where your money is going

The massive insurance company got $182 billion in bailout money. So far, it has laid out $118 billion here's the breakdown.

By David Goldman and Tami Luhby, staff writers

AIG: Where your money is going
$46 billion (of $52.5 billion allocated)
AIG sold insurance to banks worldwide to protect them against defaulting bonds. By buying up some of the assets in question, AIG is freed from some of those obligations.
$31.9 billion
Due to a loss in value of the underlying assets, AIG has paid $22.4 billion to companies holding credit default swap insurance agreements and $9.5 billion to municipalities holding guaranteed investment agreements.
$22.6 billion
To adequately capitalize AIGs subsidiaries in case of default, the insurer sent $20.9 billion in funds to life insurance units and $1.7 billion to its consumer finance divisions.
$22 billion
The company spent $15.2 billion to pay down maturing debt at its troubled financial products division, and $6.8 billion to pay down other AIG debt.
$4.6 billion
AIG has given $4.6 billion back to the government.
Total $118 billion
Sources: AIG, Federal Reserve

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