Treasury selling all its remaining AIG common stock

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December 11, 2012 9:21 AM EST

The U.S. Treasury is selling its remaining stake in insurer American International Group Inc , bringing an end to government ownership of the company four years after it was rescued from the brink of bankruptcy.

Treasury also said it would continue to hold warrants to buy common stock even after the share offering is complete.

In September 2008 AIG was rescued minutes before it would have been forced to file for bankruptcy protection. The bailout ultimately totaled $182 billion.

At one time the government estimated it would never recover all of those funds, but as AIG restructured and returned to viability it was able to repay the entire rescue plus generate a profit for taxpayers.

(Reporting by Timothy Ahmann in Washington and Ben Berkowitz in Boston; Editing by Phil Berlowitz)

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Copyright 2012 Thomson Reuters. All rights reserved.

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