During the 2008 global financial crisis, AIG experienced severe liquidity strains driven by heavy exposure to credit default swaps through a subsidiary unit, requiring a historic U.S. government financial support package. In the years following, AIG successfully repaid all obligations with substantial financial returns to taxpayers, executed massive strategic restructuring programs, divested non-core asset segments, and streamlined its operations to focus squarely on global commercial property, casualty, and specialty insurance.
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