Since AIG restructured its relationship with the U.S. government over a year ago, the company has made "tremendous progress" in reducing its government ties, Wells Fargo analyst
AIG had to be rescued during the financial crisis of 2008 through multiple bailouts, with the U.S. government at one point pledging
In the last few years it has been selling off non-core assets to pay back the government.
In March alone, the Treasury recovered more than
AIG still owes taxpayers an estimated
AIG now has only one remaining tie to the government apart from the 70 percent interest it holds in the company – a
In March, AIG sold part of its stock in
Proceeds from the sales of ILFC, its remaining holdings in AIA, and the retained interest in ML III can help AIG buy back
"(Once independent from the government), we expect AIG to become an increasingly active capital manager, which could be accretive to its earnings per share and return on equity," Hall said.
AIG's shares, which have gained more than half of their value since they touched a year low in October, closed at
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