life insurance unit

American International Group Inc. says the Asian life insurance unit it plans to spin off will make an operating profit of at least $2 billion this fiscal year.

The American International Group was close to completing a deal to sell a big life insurance unit to MetLife for about $15.5 billion, people briefed on the matter told DealBook on Sunday, in what would be a second big transaction in one week to help repay its taxpayer-financed rescue.

Prudential said Monday it was in advanced talks to buy A.I.G.'s life insurance unit in Asia for about $35.5 billion.

The sale of A.I.G.’s life insurance unit in Asia to Prudential would allow A.I.G. to make the biggest repayment yet toward the $180 billion bailout it received from the U.S.

American International Group Inc. is speeding up plans to spin off its American Life Insurance Co. unit as an independent public company, the company said Wednesday.

Insurer American International Group Inc. said late Sunday it plans to spin off its Asian life insurance unit in an initial public offering to help repay billions of dollars in U.S. government loans.

American International Group is planning to spin off its Asian life insurance unit in an initial public offering as the faltering U.S. company seeks to repay billions in government bailout funding.