NU Online News Service, March 9, 9:33 p.m. EST
American International Group Inc. (AIG) said it repaid nearly $7 billion to the Department of the Treasury, using money raised from the sale of its equity stake in MetLife Inc. earlier this month.
AIG sold American Life Insurance Company (ALICO) to MetLife last year for $16.8 billion before expenses. AIG said it made an aggregate of $9.6 billion before expenses from its sale of equity securities in MetLife.
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