AIG Reduces United States Treasury Investment in AIG Subsidiary by Approximately $2 Billion

AIG Reduces United States Treasury Investment in AIG Subsidiary by Approximately $2 Billion

August 18, 2011, 4:00 pm

American International Group, Inc. today announced that it has reduced the remaining liquidation preference of preferred interests that the U.S. Department of the Treasury holds in AIA Aurora LLC to approximately $9.3 billion by applying the proceeds of approximately $2 billion from the sale of Nan Shan Life Insurance Company, Ltd. .