American International Group, Inc. (NYSE:AIG) announced that it has reduced the remaining liquidation preference of preferred interests that the U.S. Department of the Treasury ("Treasury") holds in AIA Aurora LLC ("the AIA SPV") to approximately $9.3 billion by applying the proceeds of approximately $2 billion from the sale of Nan Shan Life Insurance Company, Ltd. ("Nan Shan"). AIG closed the sale of Nan Shan, its Taiwan-based life insurance company, to Ruen Chen Investment Holding Co., Ltd. ("Ruen Chen"), a company owned 80 percent by the Ruentex Group and 20 percent by Pou Chen Corporation, for $2.16 billion in cash.

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