U.S. government sells majority stock in AIG

The United States federal government has sold the majority of its common stock in American International Group Inc. (AIG), receiving proceeds of $20.7 billion. 

The U.S. Treasury and Federal Reserve Bank of New York provided a $182 billion bailout to AIG following the 2008 financial crisis. 

The government now owns about 16% of AIG’s stock, down from about 53%, according to the company. According the Treasury, the U.S. government has received a combined positive return of approximately $15.1 billion from the overall bailout figure, totaling more than $197 billion.