American International Group, Inc., took two large steps toward repaying its debt to the U.S. government in March. On the first day of the month, AIG agreed to sell its Asian life insurance unit AIA Group, Limited, to Prudential plc for $25 billion in cash, $8.5 billion in common stock, and $2 billion in preferred stock.
A week later AIG announced that it had agreed to sell its American Life Insurance Company to MetLife, Inc., for $6.8 billion in cash and another $8.7 billion in common stock, preferred stock, and equity units.
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