AIG (AIG) Repays U.S. Treasury $6.9 Billion Following Sale of MetLife Shares

March 8, 2011 4:11 PM EST
AIG (NYSE: AIG) replayed approximately $6.9 billion to the United States Treasury following the sale of sale MetLife, Inc. (NYSE: MET) equity securities AIG received when it sold ALICO to MetLife last year.

As a result of the sale of the MetLife equity securities today, the total amount of proceeds, before expenses, which AIG received from the sale of ALICO to MetLife was approximately $16.8 billion.

"We will continue to take all the right steps to ensure that America’s taxpayers recoup in full their investment in AIG,” said AIG President and Chief Executive Officer Robert H. Benmosche. “Thanks to the hard work of AIG’s employees, we have made extraordinary progress, which I am confident we will continue."

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