American International Group, the insurer that repaid a bailout, is benefiting on the stock market as the company becomes easier to understand with moves like its exit from AIA Group.
By divesting Hong Kong-based insurer AIA, the New York-based company removes a holding whose stock market fluctuations increased volatility in quarterly profits.
AIG is selling as much as $6.5 billion of AIA, exiting its remaining 14 percent stake.
AIG advanced 3 percent to $34.95.