Insurance giant AIG reported a 27 per cent rise
in second quarter profits Thursday as it continued to pay back its
182-billion-dollar bailout to the US government.
The New York City company said it earned 2.33 billion dollars in the quarter as it saw growth in its insurance operations, investments and ILFC aircraft leasing business.
"We are proud of what we have accomplished and believe we are close to achieving our goal of returning to America all that it provided to AIG during the crisis, plus a profit," said Robert Benmosche, AIG's President and CEO.
AIG has already paid much of its 2009 bailout back to the US government, but taxpayers are still the largest shareholders with 61 per cent of the company.
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